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Property

  • ‘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 [...]

  • JP Morgan to build Canary Wharf’s tallest tower – if there is a tax incentive

    April 7, 2026

    JP Morgan has been given the green light to build Canary Wharf’s largest tower but questions still remain over controversial tax incentives to lure the Wall Street titan in. The US banking behemoth has been in talks with officials from London City Airport regarding height restrictions for the tower. The bank is understood to have [...]

  • Labour must reform biodiversity laws to boost housebuilding, trade body says

    April 3, 2026

    Housebuilders are calling on the government to reform its biodiversity quotas for developers to lessen the costs and delays they say it causes to businesses.  The Home Builders Federation (HBF), which represents the housebuilding industry, welcomed recent changes to biodiversity laws but said they do not go far enough in lifting the burden on housebuilders.  [...]

  • Mansion tax to hit 165,000 homeowners 

    April 3, 2026

    The mansion tax is expected to hit 165,000 homeowners in its first year, more than the 120,000 that was previously thought. The levy will hit 45,000 more properties than had been initially forecast, according to the fiscal watchdog, and thousands could successfully appeal the tax. The mansion tax, introduced at last year’s Budget, will not [...]

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