Housebuying demand falls as Iran war spikes mortgage rates Property Housebuying demand has fallen as Brits take a “wait and see” approach after the Iran war spiked mortgage rates and prompted lenders to take hundreds of deals off the market. Buyer enquiries were 13 per cent lower in March than a year ago, as mortgage rates climbed by an average of 0.4 per cent over [...]
There are no incentives to buy or move home, Rachel Reeves warned Property Chancellor Rachel Reeves has been warned there are no incentives for people to buy or move home and that the Labour government needs to take action to ‘tackle the malaise’ in the building materials industry. John Newcomb, CEO of national trade body BMF (Builders Merchants Federation), added that “immediate intervention is now needed to thwart [...]
Rightmove: Lower mortgages and browsing Brits boost property portal Property Property platform Rightmove has benefitted from a more optimistic housing market as mortgage rates fall, with buyer demand and property listings both up. The FTSE100 company, which is home to over 80 per cent of all consumer time spent on UK property portals, said new property listings rose nine per cent in the first four [...]