Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Private landlord ‘exodus’ revealed in official CGT figures – claim
Thousands of landlords are leaving the PRS as Capital Gains Tax returns show, according to a wealth management firm.
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Propertymark says ‘yes to Rightmove data’ following deal
The portal has struck a deal with Propertymark to present its local market info and training courses at the trade body's regional conferences.
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INDUSTRY REACTION: Base rate raised to 5.25%
Warnings went unheeded by Governor Andrew Bailey and Monetary Policy Committee that another rate rise would risk damaging the UK’s fragile economy.
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Housing market ‘facing 5-6% hit this year…and next’, leading agent predicts
Tom Bill at Knight Frank told the BBC the property industry is being attacked from "all sides at the moment".
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Interest rates are expected to be cranked up today – but is that the right thing to do?
Trevor Abrahmsohn says it is folly to increase interest rates today without giving the last 13 increases a chance to make their full effect felt.
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Average rent rockets 20% in a month to ‘staggering’ new record
Research by Goodlord shows the average rental is now above £1,300 per month, nearly 10% higher than the previous record.
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‘Crunchtime’ for property sales as new EPC rules alter landlord behaviour
Lender Paragon says Government's EPC rule change proposals are already altering BTL investor property buying habits within the sales market.
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London letting agents accused of inflating rents by 15%
The latest Hello Neighbour Lettings Insight report reveals agents appear to be over-inflating a rental price at the point of initial listing to win a landlord's business.
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AGENT: Gove’s ‘urban rebirth’ housing plans deserve support
Glentree International boss Trevor Abrahmsohn says those in charge of housing policy need a nice, secure room, padded, for their own safety.
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Damage to sales market by mortgage crisis laid bare by latest data
Zoopla says its figures show overall demand for properties for sale across the UK down by 18% with three and four bedroom homes hit the worst.
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