Priced-out UK house-hunters turn to lorry-sized tiny homes
Trailer-like homes are attracting people struggling to buy or rent a house. Our writer went to size one up You might bump your head, and the wheels betray its caravan roots, but it’s yours – and that’s the key for a growing number of people fleeing the UK housing crisis in a “tiny home”. Factory-built, […]
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…
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 homeowners: are you considering downsizing for cheaper mortgage repayments?
We’d like to hear from homeowners in the UK who are thinking of downsizing to a cheaper property in order to reduce monthly mortgage payments As disposable incomes in the UK are forecast to slump by 3.8% in 2023, and more than five million families could see their annual mortgage payments rise by an average […]
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 […]