Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Town revealed as 2023’s busiest rental market with 50+ enquiries per property
Available rental properties in the area are receiving 56 enquiries on average from prospective tenants in 2023 data from Rightmove reveals.
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New flood risks could drain more than £20 billion from property values
UK properties could be overvalued by more than £20 billion when it comes to flood risk if conditions continue to deteriorate.
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Bank of England holds base rate at 5.25%
The Bank of England has decided to keep the base rate at the same level for the third review in a row.
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BLOG: ‘Bold action needed in Private Rented Sector’
Goodlord’s William Reeve says that the lettings industry is already in the eye of the storm and policy makers have to stop kicking the can down the road.
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Easing mortgage rates buoy housing market as house price declines slow
RICS says national house price declines appear to be slowing with sales expectations for the next 12 months the most positive since January 2022.
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Rural tenants face brunt of rent rises, claims deposit scheme
Political parties need to work out how to improve affordability for tenants whilst not undermining the supply of private rented housing says TDS.
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BLOG: Will the property market become more stable in 2024?
It's been a tough year for sales, but will next year be better? Our regular estate agent columnist reflects.
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‘Overheated’ lettings market sees rent rises calm down
There are signs asking rents have risen too high in some markets - there has been a spike in rental listings with rent reductions of over 5%, says Zoopla.
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Housing market ‘has stabilised not tanked in 2023’ says Rightmove
Portal paints a rosier picture of the sales market than many media outlets, including an average sales slide of just 1.1%.
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‘Agents must appoint conveyancer before or when listing’
The Open Property Data Association’s Maria Harris says sorting legals sooner will mean fewer nasty surprises, fewer fall throughs and fewer delays.
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