UK house prices rise for third successive month as interest rate cut speculation mounts December 1, 2023 Crash? What crash? The latest Nationwide data suggests house prices are on the up
Property transactions slide 17 per cent in October as hangover from high mortgage rates drags on November 30, 2023 The number of new homes bought in October was 17 per cent lower than the year before, as high mortgage rates during the summer led to lower activity, according to the latest figures from HMRC.
House prices to face pressure well into 2024 despite positive updates November 14, 2023 Recent data on the UK's housing market has pointed in contradictory directions, but analysts remain confident that house prices will remain subdued well into 2024.
Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.
House prices: Shock month on month rise suggests property market beginning to stabilise November 1, 2023 House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide showed before the Bank makes its interest rate call tomorrow. . Compared with October last year, prices were down 3.3 per cent, a less sharp fall than September’s 5.3 per cent drop, Nationwide said. This comes after the Bank [...]
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
Parliament urged to back renters reform bill amid fears landlord MPs could rebel October 22, 2023 Parliament has been urged to support the Renters Reform Bill which would end no-fault evictions despite fears landlord MPs could rebel against the legislation. Some MPs who own rental properties say they will be among landlords leaving the market due to what they call an “unconservative” policy on Section 21, according to the Telegraph. But [...]
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Gove in a fresh bid to scrap green housebuilding rules and slams Labour’s ‘crude, nimbyist appeal’ October 16, 2023 Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding. The House of Lords last month defeated an attempt by ministers to scrap EU-era rules that force developers to mitigate the impact new homes have on river health. Earlier in the month it was reported [...]