Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Inflation blip will see mortgage rate cuts ‘later than expected’
Economist Ruth Gregory says mid-summer may be the earliest agents will see a reduction in the Bank of England's base rate.
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Nearly 40% of property deals featured gazundering before Xmas
Quick Move Now says the number of home sales hit by gazundering is the highest since 2008.
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Landlords back urban flats as workers return to office working
Over a quarter of UK landlords agree that flats in the city are better investments over rural accommodation and would continue to be so in 12 months.
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London is hottest for letting agency competition says deposit firm
The Capital has seen the largest increase in letting agent numbers, up 4% year on year, equating to an extra 232 letting agents.
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SHOCK CLAIM: 5,000 high street branches closed last year
Approaching 3,000 sales offices and 2,000 lettings branches shut down in 2023, TwentyCi's analysis reveals.
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BLOG: Buyers return to market amid falling mortgage rates
Zoopla’s Richard Donnell says improvement in market activity looks to be rolling over into the start of 2024, driven by improving mortgage rates.
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Knight Frank reverses house price forecast – it’s now a 3% rise
House prices will increase this year, the property consultancy says, contradicting its earlier prediction of a 4% drop.
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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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