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'Not surprising but not welcome' say agents as base rate held
21 hours ago · Yesterday’s decision by the Bank of England to hold its base rate at 4.75% has both perplexed and delighted the property industry in equal measure, comments from leading figures show. The bank’s Monetary Policy Committee (main image) voted by a majority of 6–3 to maintain Bank Rate with three ...
Latest property news Archives - The Negotiator
Daily property news in the UK residential sector focused on estate agents, letting agents, property auctions and property managers.
Rental enquiries still in double figures, says Rightmove
21 hours ago · Enquiries per rental are still double the number from five years ago, new statistics from Rightmove reveal. Each property for rent received an average of 11 enquiries, nearly double the six at this time in 2019 before the Covid pandemic. And in the summer agents were receiving 19 enquiries per ...
Major lender pins housing market recovery on two key factors
1 day ago · Halifax boss Amanda Bryden says that UK property prices have defied expectations once again this year with buyer confidence boosted by lower mortgage rates and incomes catching up with the consumer price increases. The lender’s figures show property prices hit a record high of £298,083 following ...
Buyer demand and house prices both up, report RICS agents
Dec 12, 2024 · Buyer demand and house prices are both showing strong growth, the latest RICS market report reveals. The survey of its members during November shows that despite higher mortgage rates, the outlook for the housing market remains positive. RICS’ national house price indicator posted a figure of +25%
Buyers use Stamp Duty hike to seal better property deals
Dec 5, 2024 · Buyers are using the looming Stamp Duty hike to negotiate better property deals, Hamptons claims. The average buyer who had an offer accepted last month negotiated a median discount of £5,000. This is the biggest reduction since December 2023, and has doubled from £2,500 in October. FTBs ...
Property sales market recovering strongly says agency boss - The …
May 1, 2024 · Net mortgage approvals for house purchases rose from 60,500 in February to 61,300 in March, the highest number since September 2022, data from the Bank of England revealed yesterday while HMRC said March saw the third consecutive rise in …
PROPERTY PRICE TRACKER: Town and city performance vs inflation
Nov 2, 2024 · O f our 30 cities, we are seeing only seven that are still recording property price falls, according to the Land Registry, whereas a slightly more updated picture from Zoopla shows eight towns.. However, looking at property prices year on year doesn’t give us the right ‘view’ from a consumer perspective. What people really need …
Latest house price indices analysis - The Negotiator
Mar 9, 2024 · T. hese latest indices are super-useful to everyone in the property market.. The reason being is they clearly show that all the predictions of the property market crashing in 2023 were, basically, very wrong! It’s great data to put out in a blog to consumers or on instructions to show them that the news headlines about crashes or booms really aren’t much use to them.