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17.11.25 - 08:24
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UK′s Priciest Properties: Sales Plummet Ahead of Budget (Bloomberg)
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Sales of the UK's most expensive homes plummeted in October, according to new data, with affluent buyers appearing to be put off by the prospect of a so-called mansion tax in Labour's upcoming budget. Property website Rightmove said Monday that agreed sales of homes worth at least £2 million ($2.6 million) were down 13% compared with 12 months earlier, the largest fall recorded this year. Bloomberg's Kit Rees reports. (Source: Bloomberg)...
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17.11.25 - 01:12
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Asking prices fall as UK housing market hit by budget speculation, Rightmove says (The Guardian)
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November drop of 1.8% is biggest for this time of year since 2012, with chancellor's plans loomingBudget speculation has depressed the UK property market, figures from a leading property website have suggested, with asking prices slipping in the run-up to Rachel Reeves's much anticipated fiscal set piece on 26 November.The average new seller asking price fell by 1.8%, or £6,589, month on month in November, the figures collated by the property website Rightmove set out, taking the average price tag on a British home put up for sale to £364,833. Continue reading......
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16.11.25 - 15:42
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Goldman Sees Brighter US Housing Outlook Taking Shape For 2026 (ZeroHedge)
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Goldman Sees Brighter US Housing Outlook Taking Shape For 2026
Conversations around the housing market this week revolved around Housing Finance Agency (FHFA) Director Bill Pulte floating the idea of 50-year mortgages, pitched by the Trump administration as a clever way to make homes more "affordable" by lowering monthly payments, expanding access, and attracting more buyers. But stretching mortgages out for roughly 65% of the average U.S. life expectancy is not affordable in the long run.
Our conversations with readers this week focused on the deepening downturn in the home improvement industry. This slide could deepen into a sharper contraction and may signal continued cooling in the housing market:
Consumer Squeeze Hits Home Renovation Spending As Leading Deck-Maker Shares Collapse
Home Improvement Downturn Flashes Red For Housing Market
For more color on the housing market, we turn to Goldman Sachs Managing Director Kate McShane, who told clients Thursday the housing ba...
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