House prices slump as Iran war and interest rates hit demand Property House prices slumped in July after the Iran war and higher interest rates squeezed demand and triggered a slowdown in sales. Annual house price growth slowed to 1.8 last month, down from 2.2 per cent the prior month. Month on month, average house prices remained broadly flat, rising by just £58 to reach £277,542, up [...]
Dream Industrial REIT Announces Entry Into U.K. Multi-Let Industrial Market and Growth of Strategic Private Ventures in Europe Business Wire This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. All dollar amounts are in Canadian dollars unless otherwise indicated.
Mortgage approvals inch up yet gains to be ‘retracted’ Property Mortgage approvals rose slightly in June, according to Bank of England data, yet growing fears of a rise in interest rates could set the property market back again. Net mortgage approvals climbed by around three per cent, from 56,565 in May to 58,200 in June. That remained below the six-month average of around 61,400, and [...]
Student housing giant Unite faces £400m loss amid property value slump July 28, 2026 Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
London house prices fall again as property slowdown drags on July 22, 2026 London house prices fell again in May as uncertainty over Andy Burnham’s premiership dampened market confidence. The average house price in the capital slipped by 3.7 per cent to £545,000 in the year to May, according to the Office for National Statistics (ONS). Prices jumped in the rest of the country, though the headline rate [...]
Wealthy Brits fear Burnham tax consequences July 20, 2026 Wealthy Brits are bracing for a major shake-up of the tax system, as the UK’s new prime minister looks for ways to fund fresh spending commitments. Prior to taking office, Andy Burnham had already hinted at plans over how the country should be taxed. The Makerfield MP has so far refused to rule out a [...]
The Executive Ledger: Is the company car consigned to history? July 17, 2026 The traditional executive company car used to be defined by a beautifully simple set of rules, writes motoring journalist Tim Barnes-Clay. It required a German saloon, 3.0 litres of naturally aspirated displacement, finished in metallic paint, and a designated parking space close to the boardroom doors. It was a statement of seniority, paid for by [...]
Why does Britain treat housebuilding as one big burden? July 14, 2026 Housebuilding is one of Britain's most obvious economic opportunities, yet government and citizens alike seem to see it only as a burden.
House prices rise as mortgage rates ease from Iran war highs July 7, 2026 House prices inched up in June as mortgage rates softened following a sharp spike in response to the Iran war. The average UK property price rose by 0.2 per cent in June to £299,330, compared to a 0.2 per cent fall in May, according to the Lloyds house price index. Inflationary fears and expectation of [...]
As it happened: FTSE 100 rises to defy tech gloom; oil creeps up on fresh Iran tensions July 7, 2026 Welcome back to the City AM liveblog. Donald Trump warned the US will “finish the job” in Iran leaving investors unnerved as he renewed military threats following the funeral of Tehran’s former Supreme Leader Ayatollah Ali Khamenei. Brent crude – the international benchmark for oil – traded above $72 per barrel on the news, but [...]