Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025 Julia Kollewe Britain’s housing market is past “peak pain” and prices look likely to bottom out by next summer, according to the estate agency Savills. The average UK house price is projected to […]
By John Stepek We’re going to be getting plenty of house price data in the next few days — we get Nationwide house prices for June on Friday, and data on mortgage approvals tomorrow — so I’ll be coming back to this topic later in the week. But today I wanted to highlight a couple of interesting data […]
Inflation and the BOE are increasing strains on the market The UK housing market is facing new hurdles after being rocked by the worst cost-of-living crisis in a generation, economic uncertainty and soaring borrowing costs. The pressure is building fast amid a fresh jump in mortgage rates and a rush by lenders to pull products as bond yields rise to levels last seen […]
Building society warns of ‘strengthening headwinds’ with high interest rates continuing for longer UK house prices fell at the fastest annual rate in nearly 14 years in May, as Nationwide building society warned that “headwinds” for the housing market were likely to increase in the coming months as high inflation fuels expectations of further interest rate […]
Introduction: Halifax shows annual house price growth fizzling out Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Annual house price inflation in the UK has slowed to its lowest in a decade, as the market stabilises after last autumn’s turmoil. Lender Halifax has just reported that […]
London (CNN Business)Britain’s housing market is on a tear. Pent-up demand following lockdowns, a temporary tax cut, record low-interest rates, and government support for workers and mortgage holders have spurred a rebound that’s taken analysts by surprise. The average price of a UK home soared to an all-time high in September, according to leading mortgage […]
A no-deal Brexit seems to be becoming ever more likely as the crunch date of December 31 draws closer. The property market is currently booming, but experts have warned that the momentum cannot last. The economic uncertainty of a no-deal Brexit is likely to hit the sector just as the government support measures that are boosting […]
Last week, New Zealand started lifting its lockdown restrictions, kickstarting its frozen housing market. Transactions that were on hold are now completing (or “settling”, as it’s known), and buyers can view homes. Its property market is very similar to Britain’s, which could soon be thawing as we come out of lockdown. So can New Zealand show us the future […]
Coronavirus hits the market just as it started to recover from slowdown after 2016 Brexit vote The UK housing market has come to a sudden halt, with sales expectations dropping to their lowest level in more than 20 years after estate agents closed their doors in the nationwide coronavirus lockdown. The score for sales expectations […]
As Britain enters the most serious phase yet in its fight to tackle the coronavirus crisis, the traditional “spring selling season” in the housing market has been all but forgotten. The government’s crisis measures to limit the spread of Covid-19 mean estate agents, prospective buyers and surveyors are barred from making home visits — bringing the […]
