Homes for sale in UK financial districts – in pictures
Properties suitable for the new batch of candidates on The Apprentice, from skyscrapers to a Georgian terrace Continue reading…
‘Marked slowdown’ in UK housing market amid political and economic uncertainty – business live
Housebuilder Barratt says ‘political and economic uncertainty’ hit the housing market JD Sports has also predicted its profits will be towards the top end of expectations, following a jump in sales over Christmas. JD Sports’ revenues grew by over 10% in the 22 weeks to 31 December 2022, accelerating to more than 20% in the […]
Mortgage payers face squeeze in 2023 after UK interest rate rises
Wealthy people who own home outright will avoid higher costs and benefit from better return on savings Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to […]
Average UK house price falls for fourth month in a row, says Halifax
Figure of £281,272 comes as property values drop by 1.5% in December, after 2.4% decline in November The average UK house price fell for the fourth month in a row in December, according to Halifax, with experts expecting a further slowdown amid a long recession. Property values decreased by 1.5% in December, the lender’s monthly […]
UK house prices fall as cost of living crisis and higher interest rates slow housing market – business live
Halifax reports that average UK house prices fell 1.5% in December, the fourth monthly drop in a row, pulling annual growth down to 2% Energy news: Shell says it expects to pay around $2bn over the fourth quarter of last year, due to windfall taxes in the European Union and the UK. The oil and […]
HSBC to close more than one in four bank branches in the UK
Round of 114 site closures in 2023 will cut total to 327 as bank reveals usage by regular customers has fallen by two-thirds Full list of HSBC closures: is your local branch on it? HSBC is to shut a further 114 branches in the UK – more than a quarter of its network – after […]
High-rise mortgage costs see surge in rents across the UK
House prices may be falling as interest rates climb, but there’s no respite for tenants as property shortages bite It’s a tale of two markets: while private rents have soared to record highs in the UK, making life precarious for tenants, the for-sale sector has slowed sharply and property values have started to fall, with […]
Is the UK housing market heading for a crash? – podcast
A steady stream of bad economic news has filtered into Britain’s property market, prompting fears that prices could tumble. But how worried should people be? Rupert Jones reports Ever since Margaret Thatcher’s ‘right to buy’ revolution in the 1980s, the UK housing market has been an obsession for millions of people. For many, buying a […]
What is happening to the UK homebuying and rental markets?
House prices for buyers have started to fall, while housing rents have reached record highs For Joe, a youth worker in his 20s, soaring rents have made living and working in London precarious. “Our rent costs 50% of our combined wage before bills,” says Joe, who shares with his partner, a receptionist. They pay £1,450 […]