London house prices sink again as wealthiest areas hit Property House prices in London have fallen for the seventh consecutive month, as the capital’s luxury hot spots saw huge slumps in value. House prices dropped more than 12 per cent in Westminster – which includes in-demand areas like Mayfair and Knightsbridge – and 11 per cent in Kensington and Chelsea. The average house price in [...]
House prices drop as Iran war shakes property market Property 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 [...]
House prices pick up but property outlook remains ‘clouded’ Property House prices picked up in March as the property market gained traction after a slow start to the year, though experts warn the Iran war could “cloud” this momentum. The UK’s house prices rose by 2.2 per cent year on year in March, up from one per cent growth in the year to February, as [...]
Gilt yields – the hidden driver of house prices March 20, 2026 Everyone has assumed, understandably, that the two main factors influencing UK house prices are supply and affordability, but there is a third driver: gilt yields, says James Sproule James Carville, Bill Clinton’s political strategist, famously said if reincarnation was real, he wanted to come back as the bond market, “because then I can intimidate everyone”. [...]
Labour urged to revisit non-dom regime to revive London economy March 16, 2026 Business leaders have urged Labour to overturn its abolition of the “non-dom” tax regime to stem an “exodus” of high-net worth figures leaving the capital. Lobby group BusinessLDN has called on the government to create an “Office for Tax Competitiveness” to identify where the UK loses out on attracting investment and growth due to stricter [...]
FTSE 100 Live: Stocks jittery amid oil tensions; Khan woos Anthropic AI March 6, 2026 Good morning and welcome back to the City AM liveblog. Inflation fears have dominated the week and as for the time being, they don’t look to be heading anywhere. The FTSE 100 ended Thursday’s session slipping 1.5 per cent to 10,413.94p as markets battled renewed fears of an energy crisis. Brent crude futures – the international [...]
Ministers should ‘stop managing scarcity’ in living standards push March 5, 2026 Government policy should concentrate on reducing the cost of essentials to help improve living standards for lower-to-middle income households, according to a new report from Bright Blue. The centre-right think tank argued that policy should focus on lowering energy costs and improving housing affordability, two areas where the UK performs particularly poorly compared to international [...]
FTSE 100 Live: Pound hits two month low after byelection, Flutter shares tumble February 27, 2026 Good morning and welcome back to the City AM liveblog. We were treated to a whole host of corporate updates yesterday and investors in some of the City’s biggest blue-chips were handed plans for bumper returns. Aerospace giant Rolls-Royce revealed ambitions to dish out up to £9bn to shareholders through from 2026 to 2028. The [...]
Budget damage to housing market set to continue, experts warn January 22, 2026 The UK’s housing market will continue to suffer from the impact of months of budget speculation last year as seller confidence languishes, property experts have warned. While sellers and estate agents breathed a sigh of relief when November’s Budget steered clear of most of the property that had been feared, these experts told City AM [...]
FTSE 250 housebuilder Taylor Wimpey strikes fresh deal with Zoopla January 20, 2026 One of the UK’s biggest housebuilders has signed a new contract with top property website Zoopla as it seeks to boost conversion rates for its new developments. FTSE 250 constituent Taylor Wimpey said the fresh agreement would support the company with further market data and insights to enable it to obtain the best return on [...]