Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Renting now cheaper than owning first home in nearly all regions
The South West, London and Scotland are now the only regions where owning a first home is cheaper than renting.
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KPMG: Bank of England ‘will cut interest rate four times this year’
KPMG says Governor Andrew Bailey and the Bank of England must cut interest rates quickly or the economy will suffer.
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Post-election ‘bounces’ don’t deliver says big estate agency
The so-called 'Boris bounce' in the property market after the last General Election failed to deliver, research for estate agents Winkworth reveals.
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Housing think tank says UK homes ‘worst value’ in developed world
The Resolution Foundation continues its campaign to persuade the public that the nation is in midst of 'housing crisis'
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REACTION: What does interest rate ‘hold’ mean for market?
On a backdrop of an unexpectedly sharp fall in inflation, the Bank's Monetary Policy Committee, led by Andrew Bailey, has chosen to hold rates steady.
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Inflation boost could be ‘starting gun’ for mortgage cuts
Ben Thompson of the Mortgage Advice Bureau says the lowest inflation figure in more than two years might ease mortgage pressures.
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Report claims 390,000 jobs rely on private rented sector
Completed by PwC for the NRLA and lender Paragon, it warns against those who talk of abolishing or significantly reducing the size of the sector.
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Estate agents lead calls for rate cut as inflation drops
Propertymark says it is the 'ideal time' to cut interest rates as inflation falls to its lowest level in more than two years.
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Rents rising slowing but tenants still face affordability squeeze, says Zoopla
Zoopla’s Richard Donnell says there’d no immediate prospect that rental affordability will improve in 2024 despite rental inflation predicted to halve.
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Estate agents warned over growing menace of bamboo
Environet reports a 55% annual increase in enquiries for bamboo removal relating to property transactions between June and December 2023.
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