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 […]
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 […]
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 […]
The Spinningfields development in Manchester. Amount spent on deals drops to £9.1bn in the second quarter The London office market is suffering from Brexit uncertainty but data shows the impact is more widespread in London . Investment in UK commercial property slumped by a third in the second quarter of the year as buyers held […]
Asking prices for London homes rose this month as owners tested a fragile market before the spring selling season. Values gained 3.4 percent from January to 614,182 pounds ($788,000), property-website Rightmove said in a report published Monday. The seasonal boost still left asking prices in the capital 2.1 percent lower than a year earlier. “It […]
