Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Rental property crisis in London ‘easing’ claims big agency
The agency's COO, Richard Davies, says they saw a 39% increase in rental properties in the Capital last month, coupled with a fall in new tenants.
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Agent says tenants getting ‘older and older’ as rental market tightens
Luke Gidney, MD of agent HOP, says most tenants expect to buy in their 30s, with four out of 10 believing that they will be aged between 32 and 39 when they take the plunge.
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Property sales fall-throughs back at pre-pandemic levels says industry firm
The volume of ‘fall-throughs’ has reduced by more than 6% since March this year and is almost aligned with the pre-pandemic level seen in July 2019.
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Biggest asking prices fall since 2018 as ‘sellers listen to agents’
Average new seller asking prices have fallen by 1.9% to £364,895 as summer sellers tempt buyers preoccupied by inflation and interest rates.
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Buyer wobble in London amid mortgage chaos, says leading agency
Chestertons says there was a 3% drop in new buyers in July as people wait for mortgage rates to decrease.
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Failed! Rents rocket despite ‘cap’ in Scotland, new figures show
Data from portal Citylets reveals a 10% rental increase for the third successive quarter.
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‘Bank of England will hike rates despite falling inflation’
The fall was driven by a reduction in the energy price cap and food prices but services inflation which the bank monitors rose to 7.4% from 7.2%.
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Watchdog tells property firm not to repeat misleading claims
The Advertising Standards Authority rules that company's adverts for holiday development were misleading.
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Former lettings boss leads controversial ‘housing crisis’ campaign
Polly Lamb, who is now a town councillor, is behind a move to tackle rocketing rents in Frome, Somerset.
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Bristol suburb is nation’s strongest sellers’ market says Rightmove
In England and Wales a typical estate agent currently has 27 properties for sale on their books, up from 15 last year but lower than the 31 in 2019.
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