Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Transactions plummet more than 60% as estate agents struggle
Daniel Matthews of Strada estate agents in Jersey says transactions fell from 1,800 to 700 last year.
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Prime Central London returns to £4.6bn rude health, says agency
Encouraging signs for Prime Central London with JLL expecting it to be the best performing market over the next five years.
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Stamp Duty costs drive downsizing dilemma for over 55s
Half of retirees are planning on staying in their current home post-retirement, a figure which rises to seven out of 10 of those aged 71-75.
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Big Irish property firm make significant acquisition north of border
Sherry FitzGerald Group swooped in on SBR to create the alliance with plans to expand the network across the region through franchising.
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Rents rose again in January but so did void days
Goodlord boss William Reeve says the latest rent increases are a sign that ‘the market isn’t cooling down anytime soon’.
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Jeremy Hunt ‘could still target Stamp Duty in Spring Budget’
Despite admitting to less headroom than previously thought Chancellor Jeremy Hunt still has options to make changes to hated Stamp Duty.
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REACTION: Bank holds base rate at 5.25% in split vote
The Bank of England and Governor Andrew Bailey have held the base interest rate at 5.25% for the fourth time running.
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No regrets for LSL as it powers ahead with franchise model
The Group has 61 estate agency franchisees operating in 306 territories making it one of the biggest providers of agency franchise services.
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Bank of England ‘set to hold’ interest rate today
Most experts believe Andrew Bailey and the Bank of England's Monetary Policy Committee will keep the base interest rate at 5.25% when a decision is announced today.
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‘Five million new homes needed’ to cope with population boom
Karl Williams of The Centre for Policy Studies think tank warns that 156,000 extra homes must be built every year to cope with rising numbers of residents.
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