Richard Donnell
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Latest property news
Buyers negotiating £18,000 average discount off next home
The total number of homes for sale has reached a six-year high with higher mortgage rates helping to stoke the current buyer’s market.
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Housing Market
House prices dropping at most dramatic rate for a decade
Largest house price falls are concentrated in Southern England towns including Colchester (-3.5%), Canterbury (-3.4%) and Luton (-3.3%).
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Latest property news
Strong revenue growth slows surprising millon-pound losses at Zoopla
The extra revenue came on the back of price rises and the end of free of charge contracts the portal had offered during the Covid 19 pandemic.
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Latest property news
Tenants paying nearly 30% of their wages in rent, says Zoopla
Zoopla says tenants being forced to find smaller homes, move to cheaper areas or share a property with other tenants to reduce rents paid.
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Latest property news
Sales at a peak but interest rates threaten rest of year – Zoopla
The tentative recovery in the housing market looks set to weaken due to the Bank of England's pressure on interest rates, according to Zoopla.
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Latest property news
First-time buyers ‘driving housing market recovery’ – Zoopla
Research by Zoopla reveals that tenants are looking to buy in larger numbers as rents spiral upwards.
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Latest property news
Property market returns to ‘normal’ with strong demand during March
So says the latest research from TwentyEA revealing 70% of property listed in the first 12 weeks of 2023 went on to a sale , the same as the pre-Covid 2019.
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Housing Market
REACTION: Bank of England hikes interest rate for eleventh time in a row
With this week’s rise in inflation combined with a move by the US Federal Reserve to go ahead with a 0.25% rise, the BoE had few choices.
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‘Buyers holding back as they wait for mortgage rates to shrink’
Demand for homes rebounded in the first weeks of January but the start of 2023 is a slow burn with buyers waiting to see what happens next.
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Housing Market
Weakened demand sees return of buyers’ market
The booming house sales market was unsustainable and is now starting to balance out to pre-pandemic levels.
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