UK house prices drop due to ‘affordability pressures’ and soaring mortgage costs May 1, 2024 Nationwide's latest House Price Index showed that while the cost of property fell month-on-month, the annual rate of change slowed too.
Sadiq Khan threatens to use compulsory purchase powers to force ‘Tory town halls’ to build more homes April 30, 2024 Sadiq Khan has accused “Tory town halls” of blocking new homes from being built in London and pledged to crackdown on the issue if re-elected.
London office property deals abandoned as sellers pin hopes on price recovery April 20, 2024 Abandoned property deals have driven investment volumes in the London office market down in the first quarter of the year, but green shoots are starting to emerge.
Answer to Britain’s housing crisis? Labour announces plan to build on ‘grey belt’ land April 19, 2024 Labour have set out plans for a housebuilding drive on so-called ‘grey belt’ land in an effort to address the housing crisis.
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.
What makes a Nimby a Nimby when it comes to housing? April 11, 2024 We can predict how people will vote, so why not analyse the data on what makes an area more or less likely to welcome new development? Perhaps unsurprisingly, the biggest indicator is house prices, but some of the other results are unexpected…. Kieran Kumaria explains Everyone involved in planning has seen this movie before. Councillors [...]
Bank of friends and family: First-time buyers more reliant on help to get on housing ladder April 8, 2024 Between April 2022 and March 2023, 36 per cent of recent first-time buyers - resident for less than three years - used gifts from family and friends to help buy a home, according to the Office for National Statistics (ONS).
Grand Designs’ Kevin McCloud: Big builders are artificially driving up house prices for profit April 7, 2024 Most of the issues in the market can be traced back to the big builders that dominate the sector, TV presenter Kevin McCloud, told City A.M.
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? April 7, 2024 The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?