Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Reshuffle latest: Lee Rowley appointed as Housing Minister
Rowley becomes the sixth housing minister in 17 months in what has become a revolving door at the Department for Levelling Up, Housing and Communities.
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Latest housing minister sacked after just nine months
Rachel Maclean has lost her job as housing minister as the revolving door removes another politician.
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Property sales stock shortage ‘officially over’ says Rightmove
2023 is turning into a better-than-predicted year as sellers price more competitively and the market moves back towards more normal activity levels.
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Landlords sell-off slows but 140,000 properties still to disappear
Although the buy-to-let sell off is slowing – down from 15.7% in 2022 to 14.0% – investors are still set to sell 139,820 buy-to-lets across Great Britain.
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SDLT and inheritance tax cuts main industry hopes for Autumn statement
Chancellor Jeremy Hunt delivers the Autumn statement next week and agents are on tenterhooks as to what he has in store for the PRS.
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BTL investors going North for better returns, claims leading agent
Areas like Hartlepool and Liverpool offer better yields as high mortgage rates and falling house prices put a dampener on profits.
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London’s pandemic exodus ‘in reverse’ as workers move back
Analysis by estate agent Foxtons reveals that the London market is back in balance with both inner and outer London helping to drive market performance.
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Slowdown in Europe’s housing market starts to ease off
RE/MAX Europe boss Michael Polzler says Europeans are moving towards fresh models of property ownership and communal living.
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Cheers! House price declines slowing in time for Christmas
RICS says that the pace of decline appears to be stabilising although the imbalance between tenant demand and landlord instruction remains strong.
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Wales in extraordinary move to help homeowners pay their mortgages
Housing Minister Julie James says interest-free loans will help home owners reduce their overall debt and, therefore, monthly repayments.
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