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 […]
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 […]
Britain has reversed its decline before, but things may get worse before they get better | Andy Beckett
The decay has set in across social classes, and more deeply than when the country last turned itself around in the 90s Decline is a spectre that has haunted this country for at least a hundred years. Through the retreat from empire, postwar recessions and growth panics, and our inward turn since Brexit, the worry […]