The UK government is on course to miss its London housing targets by a wide margin after plunging new home sales led to a collapse in the number of new apartments under construction. Just 5,547 homes were started in the UK capital last year, an 84% drop from a decade earlier, according to data compiled […]
20 August 2025: Falling Interest Rates Drive Inflation Average UK house prices increased 3.7% in the 12 months to June 2025, according to the Office for National Statistics (ONS), writes Bethany Garner. This rise takes the average price to £269,000 – a £9,000 increase compared with 12 months ago. Prices were up 1.4% in June. The ONS […]
It’s been a tough five years for UK property investors and 2024 has maintained the trend. Outflows from open-ended funds continue, another big name fund has announced its closure, while investment trust performance has been poor, with discounts widening. ver the past 12 months, almost £1 billion has been withdrawn from UK-domiciled funds making direct […]
Don’t try and time the market either at the lowest price,’ says real estate CEO CBC News · Posted: Oct 23, 2024 4:00 AM EDT | Last Updated: 7 hours ago While sales have remained steady since last year so far, experts are saying they are seeing signs of a balanced market. (Colin Butler/CBC News) Whether you’re buying […]
More UK households have defaulted on their mortgages in the last quarter, new Bank of England data shows, and the situation is likely to worsen in the run-up to Christmas. UK lenders have reported that the default rates on secured loans to households increased in the third quarter of this year, and are expected to […]
18 September: July Marks Fifth Month Of Consecutive Rises House prices rise 2.2% in the year to July Fifth consecutive month of annual increases Average home now worth £290,000 Annual house price inflation is running at 2.2% in the year to July, according to the latest data released by the Office for National Statistics (ONS), writes […]
Figures from Rightmove show inquiries to estate agents since 1 August up 19% compared with a year ago The first Bank of England rate cut in four years has triggered an immediate upturn in the UK property market, as cheaper mortgages prompt interest among buyers and drive up house prices. Figures from the property website Rightmove show the number […]
15 July: Market Holds Breath As Bank Rate Decision Looms July asking prices dip 0.4% Prices up 0.4% annually Sales agreed up 15% year-on-year Average price £373,493 The average asking price of property coming onto the market fell by 0.4% in July, (£1,617 in cash terms), according to online property site Rightmove, down on the […]
Mortgage rates are steadily ticking higher. Will rising mortgage rates stall the housing recovery? Photographer: Chris Ratcliffe/Bloomberg Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Don’t miss the new episode of In the City, in which […]
British properties are ‘expensive, cramped and ageing’ compared with other similar economies, says Resolution Foundation Mon 25 Mar 2024 01.01 CET The UK’s “expensive, cramped and ageing” housing stock fares poorly compared with other advanced countries, analysis by a thinktank suggests. Households are paying more than other countries – but getting less in return, the Resolution Foundation said. […]
