The Market
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
Lucy Barber: How to buy a property at auction
Auctions have seen a surge in popularity over the last few years, with an increasing number of prime properties going under the hammer.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
‘POA’ listings banned as Trading Standards deems price-less properties ‘unlawful’
“The use of ‘POA’ or ‘price on application’ in relation to a listing on a property portal or an agent website is likely to be misleading as it withholds – or in some cases masks – the asking…
Price on Application & The Law: Explaining the new rule on material information in property listings
Following this afternoon’s big announcement, the NTS Estate & Letting Agency Team offers its view on the use of ‘POA’ in property listings and whether this contravenes consumer protection legislation……
UK house price growth hits a 15-year high, but supply is starting to improve – Zoopla
Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.
Overseas buyer register ‘progressing at pace’
The Land Registry has confirmed that work is "progressing at pace" on a new public register of overseas property owners - but there's still no launch date.
Rising interest rates & cost of living ‘yet to impact’ prime property buyer budgets
“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.
Charted: Real house price inflation over the last 40 years
Using OECD data, content creator James Eagle has compared real house price growth in key international property markets over the last four decades.
Bath named Britain’s city property hotspot, as asking prices jump 15% in a year
Rightmove charts which UK cities have seen the biggest leaps in average asking prices in the last 12 months.
UK house prices likely to fall in 2023 & 2024, predicts Capital Economics
Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.
The average estate agent sold 19% more homes in 2021 than in 2020
Estate agencies sold an average of 46 properties in 2021 - seven more than in the previous year.