Housebuilding stocks recover as industry reaches ‘rock bottom’ Property The UK’s biggest housebuilder kept to the well-rehearsed tone of gloom which has loomed over the sector in recent months, when it became the latest to pull back on spending amid the market uncertainty caused by the Iran war. FTSE 100 firm Barratt Redrow said its financial targets hold firm, but warned that the blockage [...]
‘Entirely avoidable’: Build-to-rent housebuilding slows as London planning wait doubles Property The construction of build-to-rent homes in Britain is in danger of grinding to a halt as the planning wait for London homes has almost doubled in this decade. The number of build-to-rent homes under construction has fallen for the ninth consecutive quarter, according to data shared exclusively with City AM. The government has pledged to [...]
Help to buy scheme had ‘limited impact on social mobility’ Property Previous help-to-buy schemes did little to improve social mobility and mainly benefited high earners, the government has been warned, as it mulls reviving the programme. Help-to-buy, which offered equity loans to first-time buyers, had a “limited impact on social mobility,” the Institute for Fiscal Studies (IFS) has said. The government is reportedly considering revising help-to-buy, [...]
‘Mortgage mayhem’: Deal lifespans hit record low as interest rate cut hopes dim April 13, 2026 Borrowers have been left in a “mortgage maze” after lenders frantically pulled deals due to the unfolding crisis in the Middle East leading to the lowest average shelf-life on record. The average mortgage was on the market for just eight days in March – the lowest since records began in November 2011. This marks a [...]
Middle East expats rush back to London, luxury property rents spike April 10, 2026 An influx of people who have recently moved to the Middle East are now seeking short-term refuge in London, pushing up rents in the capital’s luxury property market – according to a leading estate agency. British, European and North American nationals have rushed to snap up short-term rentals in high-value London properties since the Iran [...]
Demand soars for central London offices while outskirts snubbed April 9, 2026 The demand for central London office space is soaring while vacant buildings are piling up on the fringes of the capital. The vacancy rate – which is a key indicator of demand – of central London offices has fallen to its lowest level in this decade as occupiers target prime locations like the City and [...]
Non-dom reforms blamed for collapse of Harrods luxury property arm April 9, 2026 The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge. London estate agents said the collapse of [...]
Mood has shifted on housing market as rates rattle demand April 9, 2026 High mortgage rates are unlikely to deflate immediately even if the Iran ceasefire holds, property experts have warned, as rising rates stifle demand for houses. The number of Brits enquiring to buy a new home fell even further in March, down from negative 29 per cent in February to minus 39 per cent last month, [...]
Construction firms slash jobs after biggest-ever cost inflation rise April 8, 2026 Construction businesses cut jobs at a faster pace in March while the month-to-month inflation rise was the largest on record in a survey that has existed for 29 years. S&P Global said the difference in a reading for cost inflation between February and March was the largest it had ever recorded since data collection began [...]
House prices drop as Iran war shakes property market April 8, 2026 House prices fell in March as the uncertainty caused by the Iran war stifled the property market and spiked fears of interest rate rises. Average house prices fell 0.5 per cent last month, reversing the modest 0.3 per cent February increase, according to Halifax’s house price index. This is the latest signal that the Iran [...]