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Housing
Rightmove rejects a £6bn Takeover Offer
Rightmove's directors have rejected a better takeover bid from an Australian competitor, who valued the online property portal in £6 billion. The FTSE100 company stated that the offer by REA Group valued its shares at $759 per share and…
Rightmove considers sweetened Rea Group Offer
Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers.
Rea Group’s latest indicative offer - 341p cash and 0.0422 Rea shares - values the UK's property…
Bellway pulls out of £720m acquisition amid concerns about cladding costs
Bellway, a housebuilder, pulled out of the £720 million pound takeover bid for Crest Nicholson due to concerns over its smaller rival's escalating costs after Grenfell Tower.
Bellway was reticent to disclose the reasons behind its…
One in Five Home Sellers Forced to Reduce Asking Price as UK Housing Market Rebounds
As the UK housing market continues its rebound, a recent analysis by Zoopla, a leading property website, has revealed that one in five home sellers are being forced to reduce their asking prices by 5% or more. Despite the market's recovery,…
UK Property Market Poised for Active Autumn as Home Listings Reach 7-Year Peak
The UK housing market is gearing up for a bustling autumn season, fueled by the Bank of England's recent interest rate cut, the first since the onset of the Covid-19 pandemic. According to an analysis published by property website Zoopla on…
Rental Affordability in Britain Reaches Worst Level in Over Seven Years
The rental market in the United Kingdom is currently facing a significant crisis, with affordability reaching its lowest level in over seven years. Data from property company PriceHubble, published by the Office for National Statistics…