Tag #Uk Housing Market

Showing 13 to 24 of 42 results

bbc.com
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Leeds New-Build Apartment Buyers Lose Deposits Due to Devaluation

In Leeds, UK, first-time buyers lost deposits totaling over £21,000 on new-build apartments after mortgage lenders refused applications due to property devaluation, citing location and excessive buy-to-let investments; the buyers allege high-pressure sales tactics and inadequate legal advice.

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52% Bias Score

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theguardian.com
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UK House Prices Fall 0.5% After Stamp Duty Deadline Rush

UK house prices fell 0.5% in March to £296,699, the steepest monthly decline in a year, following a January surge driven by expiring stamp duty cuts in England and Northern Ireland; despite this, economists predict continued price growth in 2025 due to constrained supply and stable demand.

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36% Bias Score

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dailymail.co.uk
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Regional UK House Price Divergence: Sharp Increases in North, Significant Falls in London

UK house prices rose 4.9% year-on-year to £269,000 in January 2025, but Blackburn with Darwen saw a 12% increase to £156,750 due to rising rents, while London areas like Westminster experienced a 17.2% drop due to increased stamp duty.

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56% Bias Score

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dailymail.co.uk
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UK Homeownership: Outright Ownership Surpasses Mortgages

Government figures reveal 37% of British households owned their homes outright in 2023/2024, exceeding the 28% with mortgages, a trend attributed to previous low mortgage rates, and contributing to the housing market's resilience against recent economic instability.

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44% Bias Score

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theguardian.com
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UK Housing Market Slowdown Amid Economic Uncertainty

The UK housing market's momentum slowed in February 2024, with buyer demand falling to its lowest since November 2023 due to a looming stamp duty deadline, high interest rates, and global economic uncertainty; the Halifax reported a slight price dip, while Nationwide showed a small rise.

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16% Bias Score

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dailymail.co.uk
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ONS Recalculates UK Average House Price, Showing 4.6% Annual Growth Despite Methodology Change

The UK's average house price fell £22,000 to £268,000 in one month due to the Office for National Statistics (ONS) recalculating its methodology to reflect a higher proportion of smaller, less expensive properties sold since 2015; however, annual growth was 4.6%.

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60% Bias Score

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euronews.com
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UK House Prices Fall 0.5% in March Amid Post-Deadline Slowdown

UK house prices fell 0.5% in March due to reduced demand following a stamp duty deadline rush; annual growth remained at 2.8%, the lowest since July 2024, with regional variations showing Northern Ireland's 6.6% growth contrasting with London's 1.1% growth.

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32% Bias Score

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theguardian.com
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Santander Eases UK Mortgage Rules, Increasing Borrowing Limits

Santander loosens UK mortgage affordability rules, increasing borrowing limits by £10,000-£35,000 for many applicants, potentially enabling more home purchases but raising concerns about increased house prices and financial stability. Other lenders are expected to follow.

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44% Bias Score

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theguardian.com
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UK House Prices Stagnate After Stamp Duty Holiday Ends

UK house prices stagnated in March at £271,316 due to the end of a stamp duty holiday, resulting in a predicted slowdown; however, regional variations showed Northern Ireland with 13.5% annual growth and London with only 1.9%.

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44% Bias Score

Reduced Inequality
theguardian.com
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England's Stamp Duty Deadline: Higher Property Choice, Increased Tax Burden

In England, homebuyers face a March 31 stamp duty deadline, resulting in 25,000 first-time buyers paying an extra £142 million in taxes; however, they'll find the largest property selection since 2015 due to increased competition among sellers.

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36% Bias Score

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theguardian.com
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UK House Prices Rise for Sixth Month Despite Economic Slowdown

UK house prices rose 0.4% in February, continuing a six-month growth streak to £270,493 on average, despite economic slowdown, potentially driven by pre-April stamp duty increase purchases; annual growth slowed to 3.9%.

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28% Bias Score

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dailymail.co.uk
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Massive Deposits Needed to Buy Homes in UK Cities

New research from April Mortgages shows that buying a home in over half of Britain's biggest towns and cities typically requires a deposit of over £100,000, with 16 locations demanding over £200,000, due to the widening gap between house prices and average incomes, impacting affordability for averag...

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56% Bias Score

Reduced Inequality

Showing 13 to 24 of 42 results