Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Prime housing market ‘not immune to weak economy’
Knight Frank’s Tom Bill says some form of UK-wide support for the housing market would be welcome given the negative events suppressing demand.
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Self-employed buyers ‘missing in action from market’, says mortgage firm
The Mortgage Lender says many self-employed people don't apply for mortgages, often assuming they'll be rejected.
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REVEALED: Jumping, munching insect ‘taking on Japanese Knotweed’
Scientists at Cabi say ‘psyllids’ can weaken the plants’ ability to spread and turn it from a threat to just ‘another annoying weed’.
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Law Society reveals new rules for property sales
The Law Society is consulting on a new code that would make it easier for solicitors to exchange contracts.
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£71 billion first-time buyer rebound expected by 2025
Research into future lending to FTBs predicts 26% growth within two years, according to two organisations.
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Interest rate held again at 5.25%
The Bank of England has decided to keep the base rate at the same level for the second review in a row.
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Goodlord reveals 11% drop in rents as summer heat finally leaves market
Goodlord boss William Reeve says average October rents on new tenancies reverted back to levels last seen in May and June 2023 at £1,189.
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House sales slump 17% in September as cost of living continues to bite
Estate agents and housing experts say would-be buyers are struggling to save for deposits and are worried about finances.
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UK is top target for Middle East property investors
Property investors from Arab countries see London and other major UK cities as some of the best locations in the world.
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Mortgage approvals fall to lowest level since start of the year
Bank of England says that this was the third consecutive month that mortgage approvals have fallen while remortgaging is at its lowest since 1999.
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