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House prices to fall by 1% in 2024

The average new seller’s asking price will fall by 1% nationally by the end of 2024 as the market cools down after the post-pandemic boom, Rightmove warns.
The UK’s largest property portal has released its forecast for the housing market and says…

UK renters face record-breaking rent rises until 2025

The UK’s private rented sector (PRS) is set to experience unprecedented rent growth in the next few years because the pandemic has created a mismatch between supply and demand, according to a new report by Savills.
The real estate firm predicts t…

Rents will rise and house prices will fall in 2024 prediction

A market forecast for the sales and lettings markets for the next two years reveals that tenants will see rents rise and landlords and homeowners will see their property values fall.
The forecast leading estate agency Chestertons has looked at the econ…

Number of sellers dropping house asking prices rockets by 26%

Property price reductions have increased by 26% in the last three months, compared to the five-year average, it has been revealed.
However, the latest Street.co.uk Market Report shows a big improvement from the 50% increase seen in the second quarter o…

London’s rental market sees more supply and less competition

London’s rental market is showing signs of recovery after a pandemic-induced slump with news that the supply of new rental listings grew steadily in September, up 10% year-on-year.
That’s according to estate agents Foxtons, which also warns…

Sellers under pressure after 11 months of falling demand

Homebuyer demand has now been down for 11 consecutive months – with new properties and agreed sales also taking a downturn, RICS reports.
The cautious market is still seeing house prices fall with agents predicting this trend will continue for th…

Housing market picks up with prices rising in March

The UK’s average house price grew by 0.8% in March, the second month running that prices have picked up after February’s 1.2% rise, Halifax says.
However, the lender says that the annual rate of house price growth continues to slow and was …

House prices fall at their fastest rate in 14 years

House prices in the UK have fallen at their fastest rate since July 2009, a major house price index reveals.
The data from Nationwide shows that prices are down 3.1% compared with March last year –

Landlords selling up will keep rent inflation high

The latest rental market report from Zoopla offers tenants little hope that rents will begin falling any time soon – as landlords ‘rationalise their portfolios’ or leave the market altogether.
Zoopla says that rent inflation in March has sl…

Slowing market hits homebuying activity

A slowing house market in the first quarter of the year has seen homebuyer activity drop by 22% compared to last year, an index reveals.
The homebuyer demand index by GetAgent.co.uk also shows that homebuyer demand slipped by 5.7% in the first three mo…

Property expert predicts further house price falls

Data from Halifax this week shows that the UK’s house prices fell at the sharpest pace in almost two years last month as rising mortgage rates and a gloomy economic outlook took their toll.
The figures show that house prices fell 0.4% in October …

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