Mark Carney made headlines, and plenty of waves, with his comments on the possible effect of a no-deal Brexit on house prices. He said that they could fall by a third if we failed to strike a deal with the EU. Certainly, you would have to say that the governor of the Bank of England is as […]
UK property speculators who buy and sell homes in quick succession have shifted their focus north as the housing market in London and the south-east begins to slump. Some 11 of the top 15 destinations for “flipping” homes — buying and selling within 12 months — were in the north of England last year. None […]
Impact of Bank of England’s decision to lift base rate for only second time in a decade Bank of England raises interest rates to 0.75% Larry Elliott: lack of dissenting voices came as a surprise Patrick Collinson Banks tend to push through rate rises on mortgages immediately but are much slower to raise savings rates. […]
Britain’s housing market is now worth a combined £8.2 trillion, according to Zoopla CREDIT: JASON ALDEN/BLOOMBERG The value of Britain’s housing market has fallen by £26.9bn, or 0.33pc, since the start of the year, as growth in the North East and Wales has failed to counteract falling prices in many other regions across the country. The nation’s homes decreased […]
UK house prices fell unexpectedly in December, their first fall in six months, according to Halifax. The average price of a home fell by 0.6% to £225,021 in December, the mortgage lender said. The annual growth rate declined to 2.7% in the three months to December from 3.9% in the previous three months. Many forecasters […]
Housing market activity and confidence are now lower than at any point since the referendum to leave the European Union, according to the Royal Institution of Chartered Surveyors. Its monthly residential market survey found that demand from new buyers and agreed sales had fallen again, partly due to a new caution over a potential interest rate rise and a slowing […]
England’s housing market is broken, the government has admitted, with home ownership a “distant dream” for young families, as it unveiled a white paper promising a fresh wave of home building. The communities secretary, Sajid Javid, told the House of Commons that average house prices had jumped to 7.5 times average incomes and rents in […]
London property rents fell for the first time in six years in July, a major U.K. estate agency said on Monday, with landlords opting to rent out rather than sell houses in the wake of the U.K.’s vote to leave the European Union (EU). Rents in the capital city fell by 0.5 percent over the […]
International property investors are poised to “pile into” the UK snapping up office blocks, land and luxury homes if the public vote to exit the European Union next Thursday, experts have predicted. If Britain leaves the EU, there will be a sharp fall in sterling making assets cheaper for overseas funds and private buyers and […]
UK house prices are rising but uncertainty ahead of the EU referendum could slow the market, according to the Halifax. Property prices increased by 10.1% in the year to March compared with a year earlier, the lender found, making the average home worth £214,811. This annual growth accelerated from 9.7% seen in the previous two […]
