Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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LATEST: Property sales fall-throughs still rising
Home Sale Pack's Ruth Beeton says fall throughs cost buyers and sellers £270 million in Q3 - the second consecutive quarterly increase.
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IHT: Double dipping by HMRC or a feeble form of wealth redistribution?
Glentree boss Trevor Abrahmsohn says that with the 6th March Budget looming the Chancellor should be looking to ease the burden of Inheritance Tax.
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Record Boxing Day ‘bounce’ for agents claims Rightmove
Demand also soars with the number of buyers contacting estate agents jumping by 273% between the Christmas Day lull and Boxing Day.
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Buyer demand is up…but only slightly, new figures reveal
The market shows some shoots of recovery with new buyers coming forward up 0.3% in Q4 last year.
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SHOCK: Interest rate cuts and price rise of 5% during 2024, predict economists
Economists are bodly forecasting two reductions in interest rates this year coupled with a jump in house prices.
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Big lender says first-time buyers have dropped to 10-year low
Analysis by Yorkshire Building Society forecasts the number of people taking their first step onto the property ladder will have fallen to 290,000 in 2023.
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Cheaper mortgage rates fail to halt slump in house sales
Data from HMRC shows property transactions fall for the third consecutive month, with an annual drop of 22%.
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Don’t panic! House prices fell just 1.8% in 2023 says Nationwide
Housing market activity was weak throughout 2023 due to higher mortgage rates but cash transactions continued to run above pre-Covid levels.
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British households face rocky road into 2024 – claims think tank
Resolution Foundation says there are real challenges for politicians trying to tell a single story about whether the country is making progress.
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BLOG: Open Banking WILL help ‘generation rent’ onto housing ladder
Jon Hart of Moneyhub Enterprise, says Open Banking can help renters get on the housing ladder by allowing them to share data with lenders to give real-time details of their spending.
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