UK house prices continue to fall as interest rate rises bite
The interest-rate brakes being applied more strongly to slow the economy are now beginning to bite in the housing market
News Archive
Rental market faces new ‘challenges’ as more landlords demand guarantors
The supply-demand problem means rents are rising at a time when tenants have less disposable income thanks to the cost of living crisis
Buyers and sellers must accept ‘era of historically low interest rates is over’
Well-known estate agent says people need to “adjust to the new normal”
BTL landlords plan to sell up as investors continue ‘trimming their portfolios’
It is certainly the case that some BTL landlords are selling up
A new generation of pension-age renters looms
As younger generations who missed out on the homeownership boom age, growing numbers are likely to be renting when they retire
Building on green belt is key to solving the housing crisis, says Lisa Nandy
The Labour MP points out that housebuilding is forecast to fall to its lowest level since the Second World War
Buoyant rental market shows ‘little sign of an imminent slowdown’
The rental sector remains strong as a medium-to-long-term investment, says agent
Estate agents face going bust due to slow conveyancers, warns law firm
If a local estate agents practice folds, it’s a blow for not only the individual business but also for the overall health of the housing market let alone the economy at large, says lawyer
Estate agent slams ‘doomsayers’ forecasting a potential crash in house prices
While the there is no denying these are tough times, ‘sensationalist headlines don’t help anyone’, says estate agent
Lenders report biggest increase in mortgage defaults since 2009
Mortgage defaults surge 30% in three months, and lenders warn they are likely to rise further due to rising borrowing rates
Greater scrutiny of commission earned could prove a major ‘blow’ for agents
Michael Gove wants heavy fines and even disqualification from FCA and RICS for those found to be taking so-called “secret commission”
‘Glimmer of hope’ for borrowers as mortgage rates may be nearing peak
Two-year and five-year swap rates dropped yesterday, after weeks of rising
Properties taking longer to go under offer but no ‘signs’ of prices falling
Last month it took 15 days on average between a buyer registering and them making their first offer on a home, the longest time recorded in any June since at least 2014
Fresh data underlines ‘the pain that rising interest rates are causing’
The trading backdrop has become more challenging in recent months
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