Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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‘Let’s get it together’ say FTBs as they scale affordability mountain
Joining forces to afford to buy, FTBs are now 32 years old on average and put down a deposit of £53,414 – some £21,000 more than 10 years ago.
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Property industry experts welcome January rise in house prices
Nationwide reveals UK house prices rose by 0.7% in January but what happens to mortgage rates will be crucial for 2024.
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Estate agency agrees to change misleading ads after complaint
Town & Country Estate Agents will ensure future adverts make it clear if a property has a leasehold or freehold title.
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Conveyancing fees jump amid warnings of overloaded solicitors
Buyers and sellers fees for house sales rose more than 6% in a year, with some paying well over £2k, figures from Ruban Selvanayagam at Property Solvers reveal.
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8% of all newbuilds are at risk of flooding says insurance giant
One in 13 new homes are at risk due to the location where they have been built and many are not covered by the Flood Re reinsurance scheme.
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Fears of a Labour tax raid ‘putting posh buyers off’ says agent
Rosy Khalastchy of Beauchamp Estates warns that ultra-rich buyers are being deterred by the risk of higher tax bills under Labour.
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BLOG: ‘Uneventful’ sales market driving super-prime lettings
Knight Frank’s Tom Bill says flat prices mean more owners choosing to rent rather than sell, driving up the number of super-prime tenancies.
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Half of landlords plan to grow property portfolios in next year
Some 52% of buy-to-let landlords added to their property portfolios in the last 12 months with more than planning to do so in the next 12 months.
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70% of housebuilders want Labour to win General Election, says Knight Frank
The Knight Frank Land Index & Housebuilder Survey of English housebuilders shows 70% favour Labour government plans for reform.
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Unexpected rebound in property market as sales agreed jump
Zoopla says recovery has been prompted by reducing interest rates and consequent improvement in buyer confidence, but also vendors cutting prices.
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