Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Strong tenant demand drive up rents by 8% across UK
Renters in the capital are now paying 6% month-on-month more and the first time the Index has recorded an average cost above the £2,200 threshold.
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‘Rent to buy’ scheme launches to replace ‘Bank of Mum and Dad’
HomeNow Co-Founder Jonathan Potter says tenants receive one third of the increase in the property price value to use as a deposit contribution.
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REACTION: Housing market slump drives 30% activity drop says Nationwide
New figures from Nationwide show a 30% fall in mortgages granted in August compared to pre-Covid pandemic levels.
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House prices fall more severe than expected, says Knight Frank
The agency's head of residential research, Tom Bill, says it has revised its prediction for this year from a 5% fall to 7%, with another drop of 4% in 2024.
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New builds hit high as builders scramble before Net Zero deadline
The highest quarterly total of new build homes in 45 years was recorded in Q2 as builders strived to beat a deadline for carbon emissions.
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Leading agency boss tells Tories to stop ‘infighting’ and build more homes
Dominic Agace says housing targets have been watered down because the ruling Conservatives are battling each other.
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Surveyors tell next UK government, homes must be ‘greener and cheaper’
Empowering a Sustainable Future is a 10-point roadmap calling for government to create safe, sustainable and affordable homes for all.
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Estate agents struggling harder to sell homes second time around
TwentyEA data reveals previously marketed properties carry a much smaller chance of converting into a sale and are less likely to generate revenue.
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Your Move and Reeds Rain parent firm still waiting for profits
LSL, which also owns mortgage network Primis, is now more focused on financial services, says profits will begin to appear later this year, it tells investors.
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Buyers tell estate agency they’ll ‘continue home hunting until Xmas’
More than eight out of 10 buyers intend to keep searching for their next home in the lead-up to Xmas, according to eXp.
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