Fresh data underlines ‘the pain that rising interest rates are causing’
The trading backdrop has become more challenging in recent months
NEWS ARCHIVES
Property industry urged to work together to reduce transaction time
With transactions taking typically five-six months to process and a one in three failure rate, the industry is suffering from a distinctly slow moving sales cycle
Government slammed for being ‘out of touch’ with current property market
New consultation will run for 12 weeks
Fewer property buyers as the housing market continues to slow
Buyer numbers and agreed sales were down month on month, and expectations for pricing remain negative, new figures show
Why do housing transactions take so long to complete?
Agents give their views on the speed (or lack of) at which property transactions are progressing and why this may be, among a host of other issues
Winkworth issues profit warning as sales revenue drops 20%
Winkworth shares dropped 14% yesterday morning after the estate agency warned 2023 profit will fall short of market expectations as housing market continues to slow
House prices set to edge higher in Q3 based on deals already agreed
Data from conveyancing quotes indicates completed sales values in 3 months’ time
DLUHC slammed for failing to invest £1.9bn of budget as ‘nothing to spend it on’
The Department for Levelling Up, Housing and Communities has been criticised for handing back to the Treasury £1.9bn of the department’s budget it had been unable to spend
Property group announces death of founder and chairman
Stalwart of the UK property industry passes away at 82
Calls for government support as landlords face sharp rise in BTL repayments
The Bank’s latest data underlines the challenges which many private landlords now face