House sales up nearly 25% in January from same time last year
4 years, 1 month ago

House sales up nearly 25% in January from same time last year

The Independent  

The number of UK residential sales rose by nearly a quarter in January this year compared to the same month a year earlier, new figures from HM Revenue and Customs show. The surge in transactions were led by buyers rushing to get ahead of the stamp duty holiday deadline in March 2021, with some 121,640 house sales recorded - marking a 24.1 per cent increase on January 2020, but 2.4 per cent down on December 2020. Experts predict the number of house purchases to remain “very high” until March, as the stamp duty holiday ends on 31 March. “After a brief slowdown in the second quarter after the stamp duty holiday ends, we anticipate a very active housing market in the second half of this year.” The coronavirus pandemic forced the housing market to effectively shut down at the start of the crisis, but a temporary stamp duty cut in July and the reopening of the market have increased demand. Anna Clare Harper, chief executive of asset manager SPI Capital, said the increase in house sales were largely bolstered by existing homeowners, driven by a “desire to improve surroundings”, as well as the “release of pent-up supply and demand” from the period when the market was closed.

Market Duty Sales House House Prices Stamp House Sales  sales  housing  duty  market  prices  nearly  house  holiday  25  buyers  stamp  second

History of this topic

House sales jumped in February as buyers raced to beat stamp duty rise
2 days, 19 hours ago

House sales jumped in February as buyers raced to beat stamp duty rise

Daily Mail  

The property market saw a surge in activity last month as buyers rushed to get transactions over the line before the stamp duty rise on 1 April. Tom Bill, head of UK residential research at Knight Frank, said: 'The jump in February proves that nothing moves the housing market quite like a change in stamp duty.' Nick Leeming, chairman of …

Housing market set to slow after biggest price rise for two years
4 days, 9 hours ago

Housing market set to slow after biggest price rise for two years

Daily Mail  

The housing market is set to slow after the biggest price rise for two years. The value of a typical home hit £269,000 in January, up 4.9 per cent on a year earlier, according to the Office for National Statistics. It was the fastest increase since January 2023 and came as lower interest rates and a looming rise in stamp …

Stamp duty changes fail to 'slow the market' as house prices jump by £13k in just one year - use our interactive tool to see how much it's changed in YOUR area
4 days, 14 hours ago

Stamp duty changes fail to 'slow the market' as house prices jump by £13k in just one year - use our interactive tool to see how much it's changed in YOUR area

Daily Mail  

Stamp duty increases have failed to slow the housing market as prices jumped by £13,000 in just one year, today's House Price Index shows. Homes across South Oxfordshire saw rises of nine percent - or £45,074 - taking the average cost of a property to £484,663 Brits living in leafy South Oxfordshire and Harborough, in Leicestershire, have most to celebrate …

US home sales rose in February as mortgage rates eased and more homes put up for sale
1 week, 3 days ago

US home sales rose in February as mortgage rates eased and more homes put up for sale

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. There were 1.24 million unsold homes at the end …

UK housing market has weakest month since late 2023, RICS survey shows
2 weeks, 4 days ago

UK housing market has weakest month since late 2023, RICS survey shows

Daily Mail  

LONDON, March 13 - Britain's housing market had its slowest month in more than a year in February as a rush by buyers to close deals ahead of the expiry of a tax break ran out of steam, a survey published on Thursday showed. The Royal Institution of Chartered Surveyors said buyer demand was the weakest since November 2023 and …

Pending US home sales slide to all-time low in January on rates, prices, maybe weather
1 month ago

Pending US home sales slide to all-time low in January on rates, prices, maybe weather

Associated Press  

Pending home sales in the United States slid to an all-time low in January as high mortgage rates, record-high home prices, and possibly the terrible weather last month hindered those seeking to buy. The National Association of Realtors said Thursday that its Pending Home Sales Index, which is an indicator of home sales based on contract signings, declined 4.6% to …

Nearly 74,000 home-movers in England ‘to just miss stamp duty deadline’
1 month ago

Nearly 74,000 home-movers in England ‘to just miss stamp duty deadline’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

January home sales fall as high mortgage rates, prices freeze out would-be buyers
1 month, 1 week ago

January home sales fall as high mortgage rates, prices freeze out would-be buyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. “When combined with elevated home prices, housing affordability remains a major challenge.” The U.S. housing market has been in a sales slump dating back to 2022, when mortgage …

Can I beat the March stamp duty deadline and buy a new home?
1 month, 1 week ago

Can I beat the March stamp duty deadline and buy a new home?

The Independent  

Homebuyers are facing a race to complete property purchases before stamp duty thresholds drop at the end of March. So it’s no surprise that the latest Rightmove house price index shows the number of buyers contacting estate agents about properties for sale since Boxing Day is already nine per cent ahead of last year and the number of sales being …

First-time buyers behind more than half of all mortgaged house sales last year to hit new record
1 month, 2 weeks ago

First-time buyers behind more than half of all mortgaged house sales last year to hit new record

Daily Mail  

First-time buyers were behind more than half of all mortgaged house sales last year, according to Halifax The first-time buyer market rebounded last year, according to the mortgage lender, with 19 per cent more people getting on the ladder than in 2023. Halifax said that first-time buyers made up 54 per cent of all mortgaged home purchases last year, the …

House sales stagnated in January — what does it mean for your property?
1 month, 2 weeks ago

House sales stagnated in January — what does it mean for your property?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. "Growth in buyer demand lost a bit of momentum through the early part of …

UK house prices jump to new record high in January
1 month, 3 weeks ago

UK house prices jump to new record high in January

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK house prices reached a new record average high in …

House sales jumped in December ahead of stamp duty changes this spring
1 month, 4 weeks ago

House sales jumped in December ahead of stamp duty changes this spring

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Housing market has strongest start in three years — see how your area fared
2 months ago

Housing market has strongest start in three years — see how your area fared

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK housing market has seen its strongest start in …

House sales fell back by 8% month-on-month in November – HMRC figures
2 months, 2 weeks ago

House sales fell back by 8% month-on-month in November – HMRC figures

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. As higher …

House prices fell for the first time in nine months - but lenders warn it won’t last
2 months, 3 weeks ago

House prices fell for the first time in nine months - but lenders warn it won’t last

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
2 months, 3 weeks ago

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Looming changes to stamp duty will give first-time buyers “greater …

UK house prices ended 2024 on a strong footing, says Nationwide Building Society
2 months, 4 weeks ago

UK house prices ended 2024 on a strong footing, says Nationwide Building Society

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Robert Gardner, …

US home sales hit fastest pace since March with more properties up for sale
3 months, 1 week ago

US home sales hit fastest pace since March with more properties up for sale

Associated Press  

Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher. Despite increasing in November and October, home sales are still running below last year’s pace, when they sank to a nearly 30-year low. “Looks like …

Looming stamp duty changes ‘could hold back house price growth in 2025’
4 months, 1 week ago

Looming stamp duty changes ‘could hold back house price growth in 2025’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stamp duty changes next year …

UK house sales jumped 9% in September, says HMRC
4 months, 4 weeks ago

UK house sales jumped 9% in September, says HMRC

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nick Leeming, chairman of estate agency group Jackson-Stops, said …

House prices rise 4.7% annually in September with typical home now just £108 below 2022 peak, Halifax says
5 months, 3 weeks ago

House prices rise 4.7% annually in September with typical home now just £108 below 2022 peak, Halifax says

Daily Mail  

House prices rose for the third month in a row in September, according to the latest figures from Halifax, bringing the average home within £108 of the 2022 peak. Recovery: Higher annual growth continues to reflect the base impact of weaker prices a year ago, according to Halifax Where house prices are increasing the most Northern Ireland continues to record …

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals
6 months ago

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “These trends have helped to improve affordability for prospective …

Number of house sales was 5% higher in August than a year earlier
6 months ago

Number of house sales was 5% higher in August than a year earlier

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Holly Tomlinson, a financial planner at wealth manager Quilter …

House sales increased by 8% annually in June – HMRC figures
7 months, 4 weeks ago

House sales increased by 8% annually in June – HMRC figures

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The market …

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
9 months, 1 week ago

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year. “We had low home sales activity, prices are hitting record highs and homes look like they’re still getting multiple offers.” The …

UK house prices fall for the first time in six months as mortgage costs start to bite
11 months, 3 weeks ago

UK house prices fall for the first time in six months as mortgage costs start to bite

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Assuming inflation …

UK House Prices Decline for the First Time in Six Months
11 months, 3 weeks ago

UK House Prices Decline for the First Time in Six Months

Hindustan Times  

UK house prices slipped for the first time in six months in March, lender Halifax said in data that confirmed a setback in the property market’s recovery. “That a monthly fall should occur following five consecutive months of growth is not entirely unexpected particularly in view of the reset the market has been going through since interest rates began to …

Mortgage approvals for house purchase and property sales increased in January
1 year, 1 month ago

Mortgage approvals for house purchase and property sales increased in January

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not …

Average UK house price jumped by £3,785 in January, says Halifax
1 year, 1 month ago

Average UK house price jumped by £3,785 in January, says Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Looking ahead, …

Halifax cuts mortgage rates in new hope for home buyers
1 year, 2 months ago

Halifax cuts mortgage rates in new hope for home buyers

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The building society’s 0.83 per cent cut on two-year fixed deals – from 5.64 …

House prices end year 1.8% lower as East Anglia faced biggest drop in UK
1 year, 3 months ago

House prices end year 1.8% lower as East Anglia faced biggest drop in UK

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means house prices in the UK end the …

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago
1 year, 4 months ago

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average UK house prices rose …

UK house prices have proven more resilient than expected, says Halifax
1 year, 5 months ago

UK house prices have proven more resilient than expected, says Halifax

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many economists and financial markets predict that base rate …

Mapped: UK house prices falling at fastest annual rate since 2009
1 year, 6 months ago

Mapped: UK house prices falling at fastest annual rate since 2009

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average house prices in the UK are falling at their …

Why are house prices falling?
1 year, 6 months ago

Why are house prices falling?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With house prices in southern England often being higher …

Home sales down 16% in July compared to same month last year, says HMRC
1 year, 6 months ago

Home sales down 16% in July compared to same month last year, says HMRC

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Buyers have become used to the higher-rate lending environment, …

House prices fall at fastest annual rate in 12 years as mortgage rates soar
1 year, 8 months ago

House prices fall at fastest annual rate in 12 years as mortgage rates soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With markets now forecasting a peak in bank rate …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 9 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

Annual house price growth turns negative for first time since 2012 – index
1 year, 9 months ago

Annual house price growth turns negative for first time since 2012 – index

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. As expected, …

Average UK house price fell by about £1,000 month-on-month in April – Halifax
1 year, 10 months ago

Average UK house price fell by about £1,000 month-on-month in April – Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. A typical …

UK house sales fell by 19% annually in March – HMRC figures
1 year, 11 months ago

UK house sales fell by 19% annually in March – HMRC figures

The Independent  

The number of house sales in March slumped by nearly one-fifth compared with the same month a year earlier, according to HM Revenue and Customs figures. Activity has been solid but not spectacular this year Tom Bill, Knight Frank “Buoyed by savings accumulated during the pandemic, record levels of housing equity and a strong jobs market, activity has been solid …

Average UK house price increased by 0.8% in March, says Halifax
1 year, 11 months ago

Average UK house price increased by 0.8% in March, says Halifax

The Independent  

The average UK house price increased by 0.8% month on month in March, with the recent easing of mortgage rates helping to support the property market, according to an index. While the increased cost of living continues to put significant pressure on personal finances, the likely drop in energy prices, and inflation more generally, in the coming months should offer …

Eyes on housing market outlooks as Taylor Wimpey and Persimmon report
2 years, 1 month ago

Eyes on housing market outlooks as Taylor Wimpey and Persimmon report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shareholders are likely to be …

New year stand-offs and price dips predicted for housing market in 2023
2 years, 2 months ago

New year stand-offs and price dips predicted for housing market in 2023

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. To put …

House sales remain slightly higher than pre-pandemic levels
2 years, 3 months ago

House sales remain slightly higher than pre-pandemic levels

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Fixed-rate mortgages continue to move gently downwards Mark Harris, …

Stamp Duty cut will END in 2025: Jeremy Hunt's Autumn Budget announcement blow to property market
2 years, 4 months ago

Stamp Duty cut will END in 2025: Jeremy Hunt's Autumn Budget announcement blow to property market

Daily Mail  

Property experts have warned first-time buyers will be among the hardest hit after Jeremy Hunt revealed today that stamp duty cuts announced in September's mini-budget will be scrapped in 2025. In delivering his budget today, Mr Hunt, who replaced Mr Kwarteng, told the Commons: 'The OBR expects housing activity to slow over the next two years, so the stamp duty …

Home sales down by 37% annually in September but remained steady month-on-month
2 years, 5 months ago

Home sales down by 37% annually in September but remained steady month-on-month

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The report …

US home sales slipped, prices grew more slowly in August
2 years, 6 months ago

US home sales slipped, prices grew more slowly in August

Associated Press  

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market. The National Association of Realtors said Wednesday that existing home sales fell 0.4% last month from July to a seasonally adjusted annual rate of 4.80 …

More evidence that house price rises are slowing after January peak
2 years, 11 months ago

More evidence that house price rises are slowing after January peak

Dutch News  

There is more evidence that the rise in house prices is slowing, with the increase recorded in March down for the second month in a row. House prices for existing buildings were up 19.5% year on year in March, compared with 20.2% in February and 21% in January, when they reached a peak. Cooling breeze Earlier this month real estate …

Discover Related