House prices “resilient” for now – but will the election throw them off course? May 31, 2024 UK house prices are standing up to the challenge of expected ‘higher for longer’ interest rates and political uncertainty, according to the latest data. Nationwide’s closely watched house price index showed a 0.4 per cent month on month jump in property prices in May, signalling a 1.3 per cent annual growth rate. Whilst still lagging [...]
Vistry lifts profit outlook and build target on demand for affordable homes May 16, 2024 British housebuilder Vistry is on track to build close to 2,000 more homes than what it built last year.
UK construction activity recovers despite housebuilding struggles May 7, 2024 Of all the sub-sectors, activity in the commercial sector increased at the fastest pace with a score of 53.9.
Londoners are working 197 days a year just to pay the rent May 7, 2024 It will take the average Londoner until 16th June to earn enough before tax to cover their annual rent bill. The only way to bring prices down is to build more houses, says Sam Bidwell On average, for the first 125 days of 2024, English renters worked solely to pay their landlord. That’s according to [...]
UK house prices drop due to ‘affordability pressures’ and soaring mortgage costs May 1, 2024 Nationwide's latest House Price Index showed that while the cost of property fell month-on-month, the annual rate of change slowed too.
Sadiq Khan threatens to use compulsory purchase powers to force ‘Tory town halls’ to build more homes April 30, 2024 Sadiq Khan has accused “Tory town halls” of blocking new homes from being built in London and pledged to crackdown on the issue if re-elected.
London office property deals abandoned as sellers pin hopes on price recovery April 20, 2024 Abandoned property deals have driven investment volumes in the London office market down in the first quarter of the year, but green shoots are starting to emerge.
Answer to Britain’s housing crisis? Labour announces plan to build on ‘grey belt’ land April 19, 2024 Labour have set out plans for a housebuilding drive on so-called ‘grey belt’ land in an effort to address the housing crisis.
Mortgages are up but don’t get too excited April 19, 2024 What should we read into recent signs of a gradual recovery in the mortgage market? The answer is, it depends. Taking into account distortions caused by the work-from-home exodus from London and the cost of living and it looks like we may simply be returning to precedented times, says Steven MacDonald When it was announced [...]
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.