UK property demand declines as house prices in England fall
Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body Rics Property sales and house prices continued to decline across the UK in January, while new buyer demand and fresh listings were also down, surveyors have reported. A net balance of -47% for new buyer inquiries was reported, down from […]
UK house prices flat after four-month fall as interest rates bite
Halifax figures show average house price largely unchanged in January at £281,684 UK house prices were roughly flat in January, having fallen in the previous four months, according to Halifax. Average prices were stable at £281,684 last month, the lender said, after sharp falls of 1.3% in December and 2.4% in November. Continue reading…
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 […]
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 […]