Tag #Uk Housing Market

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Fire Safety Certificate Fraud Causes Mortgage Withdrawals

Adam Kiziak, an expert under investigation for potential malpractice, is accused of using another engineer's credentials to sign fire safety certificates for UK high-rise flats, causing lenders to withdraw mortgage offers and leaving buyers in limbo; his company, Tri Fire, issued 410 of 1139 EWS1 ce...

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dailymail.co.uk
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UK Under-45s' Rent Payments Hit Record High

Data shows that under-45s in Britain paid a record £56.2 billion in rent in 2023-24, a 59% increase over the past decade and 66% of the national total, driven by rising rents and reduced homeownership opportunities due to higher mortgage rates and the ending of the Help to Buy scheme.

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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UK House Prices Surge, But Record Listings May Temper Growth

UK house asking prices saw a 1.7 percent jump (£5,992) in the month to January 11th, reaching £366,189 on average, the highest January increase since 2020; however, this is still below May 2024's record, and a record number of new properties on the market may slow future price growth.

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40% Bias Score

Reduced Inequality
bbc.com
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UK House Prices Rise 4.7% in 2024 Despite Affordability Challenges

Nationwide reported a 4.7% rise in UK house prices in 2024, reaching an average of £269,426 by December; however, affordability challenges persist, and upcoming stamp duty and interest rate changes are expected to impact the 2025 market.

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40% Bias Score

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theguardian.com
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UK House Prices: Stoke-on-Trent Surges While London Falls

Halifax data reveals Stoke-on-Trent's 17.2% house price surge to £227,002 in the year to September 2024, contrasting with Huddersfield's 6.6% decline and London boroughs also experiencing price drops, reflecting affordability issues.

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48% Bias Score

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dailymail.co.uk
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UK House Prices Rise 3.4% Annually Despite Recent Regional Falls

UK house prices increased by £10,000 annually to £292,000 by October 2023, driven by lower mortgage rates, but recent price falls in some regions signal a potential slowdown due to rising inflation and interest rates.

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20% Bias Score

Reduced Inequality
tr.euronews.com
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UK House Prices Rise 4.1% Annually in January Despite Economic Headwinds

UK house prices increased by 4.1% annually in January 2024, according to Nationwide, down from December's 4.7%, defying expectations amid high interest rates and deposit requirements; however, market resilience persists despite affordability challenges.

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36% Bias Score

Reduced Inequality
theguardian.com
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UK Housing Market Sees Record Seller Increase and Price Jump

Since Boxing Day, a record number of new sellers entered the UK housing market, resulting in a 1.7% average price increase to £366,189 and an 11% rise in sales agreed compared to the previous year, driven by falling interest rates, despite affordability concerns.

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36% Bias Score

Reduced Inequality
bbc.com
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UK House Prices Rise 3.3% in 2024, Stamp Duty Changes Expected to Boost First-Time Buyers

Halifax reported a 3.3% increase in UK house prices in 2024, reaching an average of £297,166, while Nationwide reported a 4.7% increase to almost £270,000; both exclude cash and buy-to-let purchases. Upcoming stamp duty changes are expected to incentivize first-time buyers, despite affordability cha...

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40% Bias Score

Reduced Inequality
theguardian.com
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UK Housing Market Shifts to Cautious Optimism in 2025

The UK housing market shows cautious optimism in 2025, driven by lower mortgage rates and increased buyer activity, despite upcoming stamp duty changes and potential interest rate hikes; Hamptons forecasts a 3% house price rise nationwide, with London predicted to lead at 4% in Q4 2025.

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40% Bias Score

Reduced Inequality
dailymail.co.uk
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UK House Prices Show Regional Divide: Booming Outside London, Falling in City Centers

A new report reveals that while UK homeowners saw an average £10,000 increase in property value over the past year, with some areas like Tewkesbury experiencing a 13 percent rise, London areas such as Kensington and Chelsea saw a 20 percent decrease.

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44% Bias Score

Reduced Inequality
theguardian.com
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UK Housing Crisis: Only Richest 10% Can Afford Average English Home

Official figures reveal that in England, only the wealthiest 10% of households can afford the average house price of £298,000, requiring 8.6 years of average income, compared to a ratio almost half that size in 1999, exposing a severe housing affordability crisis across the UK.

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56% Bias Score

Reduced Inequality