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The Latest Breaking News from Zoopla

UK house prices declined at fastest rate since 2009 in August

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

Evening Standard

Loophole in Scotland’s rent controls sees new tenants facing largest rises in UK

Rent cap limited to 3%, but landlords can go higher when drawing up new tenancy agreement

The Guardian - UK

House prices declined at fastest rate since 2009 in August – surveyors

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

The Independent UK

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British renters will be hit with 25% price hikes over the next 4 years as landlords pass on spiraling interest rate costs, broker predicts

A cocktail of supply shortage, tougher regulation and rising costs to landlords means more pain for Britain's renters.

Fortune

Rise of ‘ghost listings’: five secret-sale London homes listed on property portals

As the housing market becomes even trickier to navigate, increasing numbers of ‘ghost listings’ are popping up on portals with almost no information whatsoever

Evening Standard

Wish you were here (permanently)? Survey reveals how holidays inspire home moves

Some 9% of people who have been on a UK-based holiday in the past three years have decided to move to their destination, according to Zoopla.

The Independent UK

Mortgage approvals plummet 20 per cent in UK amid soaring interest rates

THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…

The National (Scotland)

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UK home sales in 2023 will be lowest in a decade, says Zoopla

Interest rate rises on mortgages are weakening demand, property website says

The Guardian - UK

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

The Independent UK

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

Evening Standard

Should you ever pay above the asking price for a home?

Our money expert explains whether you should ever pay over the asking price for a home, especially if house prices fall as predicted

Ideal Home

Shocking new report reveals renting is now cheaper than first-time mortgages for the first time in 13 years

Is renting better than buying? For the first time in over 10 years it might be according to Zoopla’s new report

Ideal Home

Rent is cheaper than mortgage payments for the first time since 2010

In places such as northern England and Scotland, mortgage payments are still cheaper than renting

The Independent UK

Should I fix my mortgage and how long should I fix for?

We speak to the experts to find out whether you should fix your mortgage and how long for as well as the impact further interest changes could have on your decision

Ideal Home

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Fortune

U.K. millennials and Gen Z labeled 'Guppies' because they're 'giving up on property'—they mostly live with mum and dad

They know they'll never be like the 1980s "Yuppies" who could comfortably jump on the housing ladder in the Thatcher years, Zoopla writes.

The Independent UK

Rents set to continue rising sharply despite cost-of-living squeeze, experts say

Fresh rise in costs would mark new high in 24-year records

The Independent UK

Rents ‘likely to continue rising sharply despite cost-of-living squeeze’

Rental demand shows no signs of letting up and supply remains constrained, the Royal Institution of Chartered Surveyors said.

Evening Standard

Housing markets where homes cost over £300,000 are ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000

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news in one place.

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The Independent UK

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

The Week

When is the ideal time to buy a house?

Buying a house can be especially daunting in uncertain economic times, leaving many would-be homeowners struggling to decide if and when to take the plunge.

The Independent UK

Mapped: Areas with biggest house price rises and falls revealed

New research by Zoopla’s shows two thirds of homeowners saw the value of their home increase in past year

The Independent UK

Locations with biggest concentrations of property value rises and falls revealed

Some property value falls have been concentrated in southern England, while the North and Midlands have been hotspots for homes rising in value.

Manchester Evening News

Inside the dream Grand Designs-style home in Greater Manchester surrounded by stunning countryside views

This remote barn house is the perfect rural escape

The Conversation

Five parts of the economy that are hit when house prices fall

UK house price growth is slowing. While prices rose 1.2% in June compared to last year, this is down on May’s 1.9% growth, according to property website Zoopla. Its house price index – which forecasts a 5% fall in house prices this year – also shows that 42% of sellers…

Manchester Evening News

Homeowners forced to cut asking prices to sell homes as 5 percent mortgage rates spark 'tipping point'

Millions of people are already bearing the brunt of the Bank of England's latest interest rate hike

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