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House prices in England fall for first time since 2012

Slide driven by London and south-east slowdown as Brexit chaos seems to put off buyers  Prices fell 0.7% in the first quarter, compared with 2018, taking the average price of a home in England down to £255,683, says Nationwide. Photograph: Ben Birchall/PA House prices fell in England for the first time in seven years in the […]

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UK property market at its weakest for six years, says Rics

Surveyors body expects prices to fall in the south and south-east over next three month.  Houses for sale in Norwich. Rics forecasts property prices in East Anglia will remain flat over the next 12 months. Photograph: Jason Bye/Alamy The UK property market is at its weakest for six years, with prices flat or falling across half the […]

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Bank of Mum and Dad props up UK housing market

British parents and grandparents are giving their offspring £5bn a year to help them get a foot on the property ladder, making them the equivalent of the 10th biggest mortgage lender in the country. Borrowing from family and friends to help fund deposits will help younger homebuyers complete on some 300,000 transactions this year, equivalent […]

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‘Brexit’ and Taxes Play Tug of War on British Housing Market

The U.K. housing market is being pulled in different directions as buyers try to beat a looming tax increase and uncertainty over the country’s referendum on European Union membership weighs on sentiment. Nationally, house prices rose 0.8 percent in February, according to LSL and Acadata, with demand from landlords and second-home buyers helping to boost […]

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Developers at London’s property fair are plotting how to demolish our homes

Mipim UK, the British arm of the global real estate fair that launched in 2014, opened this year’s property show on Wednesday, once again to demonstrations of protest and fury. Outside London’s Olympia, campaign group Architects for Social Housing is offering free consultations to housing protesters and campaigners for council estates threatened with demolition, in […]

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UK rents ‘most expensive in Europe’ at time of cheap mortgages

UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which represents housing associations, also said that renters were less secure in their […]