Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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REACTION: House prices fall for first time in six months
The average house price fell by £2,900 to £288,430 but despite the downturn prices remained higher compared to the previous year, showing a 0.3% increase in March.
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Rightmove reveals big rise in vendors coming to market
The last working day before the Easter break was the best so far this year for the housing market with a large number of sellers taking the plunge, the portal reveals.
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Fall-throughs still costing homesellers nearly £1 billion a year
Home Sale Pack Co-Founder Ruth Beeton says the only reason fall-through numbers are down is due to reduced activity, but now the market is picking up again the cost of fall-throughs will rise with it.
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Savills: Yields finally rising within London’s prime rental market
Savills’ research analyst Jessica Tomlinson says prime rental growth in London has steadied but gap between tenant and landlord expectations has widened.
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House prices rise as market improves, says big lender
Latest stats from Nationwide show annual prices were up 1.6% in March, though the monthly figures were not as encouraging.
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Third of homes sold so far in 2024 go to first-time buyers
Lower mortgage rates driven by falling inflation have proved a lifeline with first-time buyers making up 33% of all buyers in the first quarter of the year.
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Keller Williams UK officially wound up as latest development hits agency
The licence holder of Keller Williams in the UK has been liquidated after investors voted for a voluntary winding up.
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BLOG: Home owners’ rising mortgage pain won’t hit market
Knight Frank’s Tom Bill says pain should be short lived for borrowers currently rolling off favourable 2-year fixed deals as mortgage rates come down.
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Number of empty homes ‘scandalous’ says leading agent
Marc von Grundherr makes comments ahead of next week's changes to council tax on vacant properties.
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Down valuations ‘rearing their head again’ says big property firm
Across Britain the average property subject to a down valuation is being revalued by 2.8% - around £7,290 on the current average house price.
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