Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Scottish time-to-sell nearly HALF of England and Wales
The average time from instruction to completion is 159 days in England and Wales but in Scotland it takes just 70 to 90 days from listing to completion.
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First time buyers will ‘return to market during 2024’
Lower mortgage rates and a £20k 'discount' on average for FTB properties are set to persuade more people to get on the ladder, says Zoopla.
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Bank of Mum and Dad still major factor in housing market
The IFS says average UK house prices have risen by 158% over last 50 years meaning first-time buyers face far more challenges.
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Estate agents ‘best place to help growing self-build market’
The areas with the highest demand for self-build plots and properties are the South East, followed by Greater London and the East of England.
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Property expert slams 1% mortgages as ‘unworkable’
Charlie Davidson of law firm Bishop & Sewell says 1% mortgages will leave first time buyers with huge debts.
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Overpriced homes being left on the shelf, says Rightmove
Portal says wobbly economy has created a 'two-speed' housing market but sales levels are beginning to recover.
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Buyer demand up 11% as market makes strong start to year
Figures from Zoopla show buyer numbers are up in all parts of the UK, with London property sales leading the way.
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Prime prices fall but ‘under offers’ and new instructions rise
There were 15.5% fewer transactions in January compared to last year and 6.9% fewer than the pre-pandemic January average.
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Portfolio landlords eye capital raising to fund 2024 expansion
Over half of landlords prefer to purchase terraced homes, 46% prefer semi-detached homes and a quarter are looking out for individual flats.
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UK’s biggest agency pours cold water on Sunak’s housing plans
Connells boss Jason Willetts says the PM's plan is no 'silver bullet', and the Government is still 'miles away' from hitting its housebuilding target.
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