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  • Property funds build up 'war chests' of more than 20% for market volatility, with some funds having almost a third of their assets in cash

    Posted on 13 October 2019

    Some of the biggest UK property funds have built cash 'war chests' of more than 20 per cent in case they are hit by a wave of redemptions in the coming weeks as a result of extreme stock market volatility. Research by investment platform AJ Bell for The Mail on Sunday shows that UK property funds run by asset managers Kames, Janus Henderson, Legal & General and BMO Global Asset Management are all currently cash heavy.

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  • Would you buy (or sell) a property at auction? We watch homes go under the hammer - and get expert tips on how to bag a bargain

    Posted on 10 October 2019

    Nearly two hundred people are gathered in a hotel ballroom in central London, waiting patiently for the action to begin. But despite the buzz in the air this isn't a fancy evening do, it is a room full of prospective bidders for the latest Savills property auction - and all the theatre that entails.

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  • Recession fears hang over global economy

    Posted on 03 October 2019

    Almost £88billion has been wiped off the value of Britain's blue-chip companies as fears over the state of the global economy spooked investors. As businesses blamed uncertainty generated by Brexit for the slowdown in Britain, a slew of grim economic data raised the spectre of recession in Germany and the eurozone, as well as in the UK.

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  • Stamp duty is a half-baked tax that eats years' worth of savings when you move home - it's time it was cut

    Posted on 03 October 2019

    As with many of former Chancellor George Osborne’s plans, the stamp duty shake-up five years ago was half way to a good idea. Unfortunately, the other half of the idea, which involved squeezing even more out of those buying expensive homes doesn’t seem to have paid off.

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  • Government's new-build housing targets in jeopardy as the number of homes starting to be built FALLS despite all the rhetoric on raising it

    Posted on 03 October 2019

    The number of homes starting to be built in England during the second quarter fell, official figures from the Ministry of Housing, Communities and Local Government show. Between April and June, there were around 37,220 new homes starting to be constructed across England, marking a drop of 8 per cent from the same point a year ago and the slowest quarterly rate for three years.

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  • Would a no-deal Brexit crash the housing market? A 20 per cent drop in prices would reduce the value of the UK’s housing market by £1.46trn – but how likely is that?

    Posted on 03 October 2019

    In May 2016, George Osborne told the G7 summit in Japan that house prices in the UK would fall by up to 18 per cent over two years if Britain voted to leave the EU. The International Monetary Fund (IMF) agreed that “sharp drops in equity and house prices” could follow a Leave vote.

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  • Interest rates could be cut even if Britain avoids No Deal

    Posted on 27 September 2019

    Bank of England official sinks pound as he warns Brexit has given the UK economy a 'slow puncture'

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  • Leicester, Liverpool and Manchester see biggest house price hikes but growth remains sub 5% across the board in British cities for the first time since 2012

    Posted on 27 September 2019

    The northern powerhouses of Liverpool and Manchester along with Leicester in the Midlands have seen the biggest house price hikes among Britain's cities in the last year, according to figures from Zoopla.

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  • Families may be able to add two storeys to their home WITHOUT planning permission, under new government reforms

    Posted on 27 September 2019

    Families will be able to add two storeys to their homes without planning permission under reforms to be unveiled today. Housing Secretary Robert Jenrick will announce the move in a package of measures tearing up 'outdated and bureaucratic' planning laws. The proposal, affecting owners of detached properties, was first floated by Mr Jenrick's predecessor Sajid Javid 18 months ago. It was originally aimed principally at town centres and would have still required light-touch planning approval.

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  • Luxury housebuilder Berkeley shifts away from London as prices in the capital fall again by 1.2%

    Posted on 19 June 2019

    Luxury housebuilder Berkeley has shifted away from London – as prices in the capital fall again. Eight of its 11 new developments last year were outside London, a trend bosses expect to continue. Average house prices in the capital fell 1.2 per cent over the year to April, to £471,504, continuing a slowdown which began in mid-2016.

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  • Global population could hit 10.9 BILLION by the end of the century, UN predicts

    Posted on 17 June 2019

    Global population could surge by more than three billion people before the end of this century, according to a new UN report. The UN Population Division has released its biennial prospects for fertility rates and population changes around the world, estimating overall population will swell to 10.9 billion people by the year 2100. The world’s population currently sits at about 7.7 billion

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  • UK property market unchanged in May but marginal improvement is not ruled out

    Posted on 14 June 2019

    There was little change in the housing market in the UK in May but an improvement in sales is expected soon as negative trends appear to be easing, according to the latest residential survey report. Agreed sales, prices and new instructions all showed some signs of improvement and although sales expectations over the next three months are downbeat, a marginal boost is expected over the year ahead, the latest report from the Royal Institution of Chartered Surveyors suggests.

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  • New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

    Posted on 14 June 2019

    Based on the Mortgage Bankers Association's latest Builder Application Survey for May 2019, U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent. This change does not include any adjustment for typical seasonal patterns. "Purchase activity strengthened in May, with new home mortgage applications and our estimate of new home sales both showing increases compared to a year ago, at 20 percent and 15 percent, respectively," said Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting. "The average loan size for new home applications decreased almost 3 percent, signaling the ongoing moderation in home prices and a shift to building lower-priced homes. Declining mortgage rates and more new entry-level supply are good news for the housing market this summer."

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  • Would you auction your house on the internet? We visit BidX1 the 'eBay for property' to watch homes go under the digital hammer

    Posted on 14 June 2019

    Many of us have seen property auction television shows in which buyers battle for a home under the watchful eye of an auctioneer poised with a gavel. <br/><br/> But when I enter an office building in central London after being promised a live property auction, there is not a buyer - or gavel - in sight.

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  • The World's Housing Market Appreciated 3.9 Percent Annually in Q1

    Posted on 13 June 2019

    Latin America was strongest performing world region in early 2019 International property consultant Knight Frank's latest Global House Price Index for Q1 of 2019, Slovenia is home to the world's fastest rising house prices with average values accelerating 18.2% year-on-year. Falling unemployment, low interest rates and until recently, limited supply, are behind the strong price growth.

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  • Warning that Help to Buy's early home buyers could unwittingly be in arrears due to flaw in the system

    Posted on 13 June 2019

    A government oversight could potentially be pushing hundreds of Help to Buy homeowners into arrears on their debt without them realising. A flawed system for collecting repayments on their interest-free loans has left early home buyers facing the prospect of unwittingly being behind on payments. It's now been six years since the flagship scheme was introduced with the intention of helping thousands onto and up the British property ladder.

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  • Self-employed make major life changes in a bid to get on property ladder

    Posted on 13 June 2019

    Some 38% pf self-employed people are forced to make significant personal sacrifices in order to buy a home, according to new research. Some 13% have seriously considered abandoning their dream of home and 9% have reconsidered their self-employment status, the study from online mortgage broker Trussle has found. Using insight from lenders and 2,002 self-employed mortgage applicants, the Mortgage Saver Review report reveals how challenging the journey to homeownership is for the UK’s 4.85 million self-employed workers.

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  • London's most expensive street revealed:Knightsbridge is top of property rich list with average property prices of £15.6 million

    Posted on 12 June 2019

    With Harrods food hall as its corner shop and the Mandarin Oriental hotel bar as its local, it’s little wonder that Knightsbridge has been revealed as the most expensive London street on which to buy a home. Even nipping out for a pint of milk is a gilded experience along this wealthy thoroughfare, thanks to its collection of grand embassies, five-star hotels and designer boutiques selling luxury watches and multi-million pound Ferraris.

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  • U.S. Foreclosure Rates Hit 20-Year Low in March

    Posted on 11 June 2019

    According to CoreLogic's latest monthly Loan Performance Insights Report, the report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline in the overall delinquency rate compared with March 2018, when it was 4.3%. This was the lowest for the month of March in 13 years.

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  • Average house price jumps an annual 5.2% in May but overall property picture is 'stable', says Halifax

    Posted on 07 June 2019

    House prices rose by 5.2 per cent over the past year, according to Halifax - a dramatic jump in property values by recent standards. But Britain's biggest mortgage lender said the overall message was one of 'stability' and that May's sharp rise in prices was against a backdrop of 'particularly low' growth in the same period last year.

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  • Average house price jumps an annual 5.2% in May but overall property picture is 'stable', says Halifax

    Posted on 07 June 2019

    House prices rose by 5.2 per cent over the past year, according to Halifax - a dramatic jump in property values by recent standards. But Britain's biggest mortgage lender said the overall message was one of 'stability' and that May's sharp rise in prices was against a backdrop of 'particularly low' growth in the same period last year.

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  • As high street retailers shut down shops, could empty stores be a solution to Britain's housing shortage?

    Posted on 07 June 2019

    We’ve all seen the headlines — Jamie Oliver’s restaurants, Poundworld, Toys R Us, Debenhams, Maplins and other famous names going into administration or closing scores of stores. It’s stating the obvious to say the High Street is in crisis. It’s worse than many think. In the year to April, the number of empty shops across the UK increased by more than 7,500.

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  • Renting in Berlin vs renting in London

    Posted on 06 June 2019

    Some renters in London can face large rent increases and short-notice evictions, but things are different in Berlin.

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  • Property: A rare gem in north Belfast's booming property market

    Posted on 06 June 2019

    With its plethora of charming shops, quirky cafes, excellent schools and of course transport links to the city centre and beyond, it’s little wonder that demand for properties on Belfast’s Antrim Road keeps on growing. And it’s not just about logistics, as here in north Belfast you are also within close reach of the spectacular Belfast Castle, the Waterworks and Cavehill.

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  • Scotland needs a more flexible approach to empty homes in rural areas

    Posted on 06 June 2019

    More empty homes in the countryside in Scotland could be returned to use if greater policy flexibility was available to recognise the unique circumstances of rural areas, it is claimed. A one size fits all approach for urban and rural areas does not work, according to evidence from Scottish Land and Estates given to the Scottish Parliament’s Local Government and Communities Committee.

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  • New poll reveals tenants are faced with a lack of choice and poorer quality homes

    Posted on 06 June 2019

    A majority of people renting in the UK say they will never be able to afford a home while four in 10 day they are stuck in cold, damp properties with landlords unwilling to do basic repairs and maintenance. Overall some 77% of the 4.5 million households renting their homes in the UK would like to own their own home but two million or 59% think they will never be able to do so, according to a new YouGov survey for the HomeOwners Alliance and BLP Insurance.

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  • Latest figures show social housing sector is in a strong financial position

    Posted on 06 June 2019

    There has been an increase in the number of homes for sale being developed by the social housing sector which is in a strong financial position, according to the latest quarterly survey. Over the 2018/2019 financial year, the sector raised new facilities worth £13.5 billion, the highest amount raised in a single year, the figures from the Regulator of Social Housing shows.

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  • Family homes for £100,000 or less can still be found in the UK

    Posted on 05 June 2019

    It is still possible to buy a family home, with three bedrooms or more, in or close to a major UK town or city, for less than £100,000, according to research. Overall, 17 major towns and cities currently have more than 200 family houses for sale at £100,000 or less and the top 40 with the best value are in the North of England, Scotland and the Midlands.

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  • Half of employed people who don’t own a home believe they cannot afford to buy

    Posted on 05 June 2019

    Home ownership in the UK is just a pipedream for half of employed people due to high day to day living costs, meaning they cannot afford to get on the property ladder, new research suggests. It is still an aspiration for 65% of non-home owners but 47% do not think they will be able to afford to buy their own home, according to the financial well-being index from Close Brothers.

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  • Toronto home sales up 18.9% in May from last year, TREB report says

    Posted on 05 June 2019

    Market beginning to favour sellers, number of listings is lagging, says Toronto Real Estate Board. Toronto's housing market could be shifting to favour sellers as home sales growth outpaces listings growth, the Toronto Real Estate Board said Wednesday.

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  • How Ottawa became the country's hottest real estate market — and why this distinction could soon end

    Posted on 05 June 2019

    It still takes some getting used to, this idea that Ottawa has the country’s hottest housing market. That’s because for most of the past decade-and-a-half, the capital region’s real estate scene has been completely overshadowed by frenetic activity elsewhere.

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  • The 3D-printed house that runs off-grid

    Posted on 05 June 2019

    This house is designed to be installed in less than a day, and so well insulated that it only needs solar power to heat or cool it. Is this what the pre-built homes of the future will look like?

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  • Corbyn’s garden tax: ‘DISASTROUS’ for property market and will hit families and pensioners

    Posted on 04 June 2019

    JEREMY Corbyn has unveiled plans to introduce a “progressive property tax”, which could be “disastrous” for the property market and significantly affect families, widowers and pensioners - property experts say.

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  • HSBC sounds alarm over ‘vulnerable’ Canadian housing market as global home prices cool

    Posted on 04 June 2019

    Home prices, a gauge of an economy’s health, cooled across the globe in the last quarter of 2018, but higher interest rates in Canada have made the country’s housing market more vulnerable than other economies, according to the latest report from HSBC. In the last three months of the year, nominal prices of residential units were up by an average of 4 per cent globally, with real prices climbed 2 per cent.

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  • Stunning three bed home listed for just £20,000 - why is it so cheap?

    Posted on 04 June 2019

    A property for sale in Mexborough, Doncaster, has been listed for a cheap price. The stunning red brick three bedroom home would be perfect for a small family and will represent a attractive proposition to many buyers. It is well maintained inside the property, and is ready for a family to move in.

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  • The US Rental Property Investment Market 2019

    Posted on 03 June 2019

    US Rental Housing Market Is the US rental market the one investors should be studying in 2019/2020? Regardless of trade deals, inflation, deflation, new construction, and real estate trends, apartment and multifamily rents keep on rising.

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  • Labour could speed up plans to reveal details of UK property owners

    Posted on 03 June 2019

    Labour could accelerate plans to reveal the owners of offshore companies holding UK property and publish details of land owned by trusts to tackle money laundering.

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  • A buyer's market: Gap between property asking and sale prices across Britain's major cities widens as sellers accept bigger discounts

    Posted on 29 May 2019

    Sellers are knocking more off property asking prices in a bid to get homes sold in what is increasingly becoming a buyer's market, new data suggests. On average, the gap between asking price and sale price across UK cities is up from 3.3 per cent in 2018 to 3.9 per cent, according to Zoopla. However, the headline figure mask a gap between major regional cities where markets are more robust and London, where home sellers struggle to meet the listing price, the property website says.

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  • What will Brexit mean for house prices?

    Posted on 28 May 2019

    Whether you’re a staunch remainer or avid Brexiteer, there’s no denying that the uncertainty around when the UK will leave the EU, and the terms under which it may happen, is causing property market jitters. This weekend’s EU elections showed voters split between the recently formed Brexit party and pro-Remain groups.

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  • Over a quarter of houses for sale take longer than 6 months to sell

    Posted on 11 May 2019

    UK PROPERTY data has revealed over a quarter of all properties which are currently for sale have been on the market for six months or more. This comes during a week where two major sets of housing data seemed to contradict each other, leaving many consumers confused.

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  • How rental income is taxed

    Posted on 01 April 2019

    You must normally pay income tax on any profit from renting out property you own. Put simply, your profit is the sum left once you’ve added together your rental income and deducted any allowable expenses or allowances. And if you have a mortgage on the property you let out, you can include some of the mortgage interest you incur as an expense. You can find out more in our guide to buy-to-let mortgage tax relief.

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  • UK Property: House sales increase in February as buyers continue regardless of Brexit

    Posted on 22 March 2019

    AMID the ongoing debacle of Brexit, it seems that the UK property market is maintaining a solid performance as the latest data from HMRC released highlights the number of completed transactions increased in February both month on month and year on year.

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  • The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.

    Posted on 20 March 2019

    In England, the January data shows on average, house prices have fallen by 1.0% since December 2018. The annual price rise of 1.5% takes the average property value to £244,567.

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  • Ten tips for buy-to-let: the essential advice for property investors

    Posted on 11 March 2019

    Buy-to-let mortgage rates may be at near rock bottom levels but investing in property is much tougher than it once was - a stamp duty tax crackdown on buying property investments and an income tax raid on rent has seen to that. House price rises have also stalled, denting the prospect of making money from property inflation.

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  • 10 Global Property Trends 2019

    Posted on 01 February 2019

    2019 was shaping up to be a solid year for global economic growth. As January 2018 dawned, U.S. President Donald Trump changed all that. He started applying tariffs to a wide range of imports – aluminium, steel, handbags – few sectors escaped unscathed.

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  • Q3 2018: World’s housing markets poised to slow, but strong house price rises continue in Europe and parts of Asia

    Posted on 01 December 2018

    During the year to Q3 2018: House prices rose in 25 out of the 45 world's housing markets which have so far published housing statistics. House prices fell in 20 countries. The more upbeat nominal figures, more familiar to the public, showed house price rises in 38 countries, and declines in 7 countries. However, more than half of the surveyed housing markets showed weaker momentum during the year to Q3 2018 compared to the previous year, suggesting that the boom may be moderating.

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  • House prices rise 1.9% but property market remains 'subdued'

    Posted on 30 November 2018

    Squeezed budgets and uncertain economy likely to continue to dampen demand, says Nationwide. Annual house price growth edged up to 1.9 per cent in November to £214,044 but the market remains “subdued” thanks to an uncertain future for the economy, according to Nationwide.

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  • Foxtons: Estate agent closes six branches in 'challenging' London market

    Posted on 13 November 2018

    The brand has been affected by lowering demand and online competitors. Foxtons said it had closed six of its branches as the London-focussed estate agent posted flat third-quarter revenue of £35.1 million ($45.22 million), reflecting a "challenging" property market in the capital.

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  • What’s next for Generation Rent?

    Posted on 13 October 2018

    Back in 1996 more than 90 per cent of young adults would have been able to buy a home in their local area. Today, even with a significant deposit, only around 60 per cent would be able to borrow enough to buy even the cheapest properties where they live.

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  • London first-time buyer deposits hit £115k — which can buy an entire house elsewhere in the UK

    Posted on 14 August 2018

    An average starter home in the capital costs almost £420,000, with the average deposit an eye-watering £114,952, or 27 per cent, according to the Halifax. This deposit alone would comfortably buy outright a smart three-bedroom terrace house in the seaside resort of Scarborough, North Yorkshire; a two-bedroom cottage in a Midlands village, or a smart one- or two-bedroom flat in Norfolk or parts of Essex.

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  • Five of the cheapest UK homes for sale

    Posted on 08 June 2018

    Due to be auctioned on Tuesday, this three-bedroom semi, one of only five properties on its street, needs renovation and improvement throughout. The auctioneers say: “An internal inspection is essential to appreciate the scope that this property offers” but we would add: “and the amount of work you will need to do or pay to have done to achieve its potential”. Guide price £15,000. Auction House, 01427 616436

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  • 10 of Kevin McCloud's favourite Grand Designs TV houses

    Posted on 01 June 2018

    Discover which projects made it on to Kevin McCloud’s top 10 list of all-time best Grand Designs Houses. With more than 100 projects to choose from, Grand Designs presenter Kevin McCloud had a tough job to whittle the TV houses down to the ones that have really stuck in his memory. There have been some real gems throughout the time that the show has been on air. Despite the variety, each programme has one thing in common – a remarkable story of the sheer determination of self-builders to create a truly unique home for themselves, while overcoming a fair few obstacles along the way.

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  • Millions of millennials will never own homes so it's time to make renting work better

    Posted on 17 April 2018

    Theresa May’s ‘British dream’ of home ownership is an impossible one for millions of millennials. According to the Resolution Foundation's 'Home Improvements' report, on current trends up to half could be renting into their 40s and a third by the time they claim their pensions. So, permanently.

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  • Mortgage lending crashes 11% as housing market faces slowdown

    Posted on 14 December 2016

    Loans to homeowners crashed by more than 10 per cent in the past year despite record-low interest rates, in another sign that the housing market is entering a slowdown. First-time buyers borrowed 8 per cent less in October than in September, while loans to home-movers were down 9 per cent.

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