Tag: <span>Housing market</span>

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Rents outside London soaring at fastest rate on record, agencies say
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Rents outside London soaring at fastest rate on record, agencies say

Private rents outside London are rising at their fastest rate for 13 years, research suggests, as tenants making plans for life post-pandemic compete for properties. The property website Zoopla said average rents across the UK outside the capital rose by 5% over the 12 months to the end of July – adding more than £450 to a...

UK house sales tumble in July after stamp duty holiday deadline
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UK house sales tumble in July after stamp duty holiday deadline

House sales tumbled by almost two-thirds in July after tens of thousands of homebuyers rushed to complete their purchases in order to beat Rishi Sunak’s end-of-June stamp duty holiday deadline. Following a record surge in activity in June, when 213,370 UK homes changed hands, transactions slumped 62% to 82,110 in July according to official data, after...

UK house prices now 30% higher than pre-2008 crisis peak
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UK house prices now 30% higher than pre-2008 crisis peak

UK house prices hit a new high in June and are 30% higher than the peak they reached before the 2008 financial crisis, according to the latest snapshot of the market. The property website Zoopla said the average price of a home was £230,700 – as much as 5.4% higher than the same month a year...

Value of UK house sales forecast to leap 46% this year as boom continues
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Value of UK house sales forecast to leap 46% this year as boom continues

The total value of homes sold in the UK is expected to reach £461bn this year, a jump of 46% on 2020, indicating the current housing market boom is likely to continue, according to a new prediction. The property website Zoopla said its projections indicated the property market in 2021 was on course to be...

Covid led to huge London property exodus, says Hamptons
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Covid led to huge London property exodus, says Hamptons

London leavers bought 73,950 homes outside the capital in 2020, as the coronavirus pandemic led the biggest exodus from London in four years. People from London bought homes worth a collective £27.6bn over the course of the year – the largest amount spent since 2007, according to research by the estate agent Hamptons. The dash for property...