Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Hopes for 2024 gather pace as buyer and seller activity jumps
Average new seller asking prices rose by 1.3% month-on-month to £359,748, the biggest December to January increase in prices since 2020.
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Zoopla data reveals buyer demand tracking 14% ahead of early 2023
The uptick in demand is coupled with a seller bounce on the portal which started earlier than anticipated on Christmas Day.
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Exclusive enclave Sandbanks revealed as Rightmove’s 2023 price hotspot
Average asking prices in Poole’s uber-affluent island and home to a number of celebrities, increased by 20% compared to 2022, from £1,586,349 to £1,909,943.
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Winkworth sees completions down nearly 20%
CEO Dominic Agace says hesitant buyers and legal logjams were the reasons for the slump in transactions, as it suffered falling sales and revenue.
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Record number of homes sold below asking price, says Hamptons
The London agency reports 50% of properties went for less than the original valuation last year, with more price drops to add this month.
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Rightmove experts share PRS predictions for 2024
Many landlords faced the challenge of higher buy-to-let mortgage rates in 2023, contributing to rising rents for tenants – expected to increase again.
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“It’s not that difficult” to buy a first home, says Chairman of NatWest
Sir Howard Davies says first time buyers have always had to save up – his comments came as Halifax reported prices were up last year.
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LATEST: Race to offer best mortgage deals intensifies
HSBC offers first sub-4% five-year fixed rate as the major lenders fight to attract house buyers entering the market.
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Think-tank says higher interest rates have given boost to household incomes
Resolution Foundation says older asset-rich households have gained the most while younger, mortgaged households have been hit hard.
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Lettings market ends 2023 with major year-on-year increase in rents
Goodlord Rental Index reveals rents across 2023 are up by 9% compared to 2022 and year-on-year averages for December are up by 7%.
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