House prices rise at slowest rate in years as Budget ‘fails to boost market’ Property House prices rose at their slowest rate since the start of 2024 in October, as property experts said the Budget failed to boost the UK’s beleaguered housing market. The average house price in the UK rose by 0.5 per cent this month to £273,566, according to Nationwide, slowed from 0.8 per cent growth last month [...]
How Labour’s assault on landlords is driving up London rents Property The government’s crackdown on landlords is set to hammer London’s rental market, push up costs for tenants and shrink the supply of properties, industry figures and estate agents have warned. Property experts and estate agents told City AM that John Healey’s hike to tax on rental income is the latest blow in an assault on [...]
Developers urge Labour to cut red tape and boost housebuilding Property The government has been urged to slash red tape and boost housebuilding in the UK as the rate of construction of new homes falls well behind Labour’s own targets. A group of property and investment leaders have handed a set of proposals to the government which they say will get stalled housing schemes moving and [...]
Four in five London homes shed value as mortgage costs soar October 27, 2026 The vast majority of homes in London are losing value, prompting calls for John Healey to cut stamp duty at the Budget later this week. Across the capital and the south east of England, 85 per cent of homes have fallen in the last year, according to property portal Zoopla, compared to 35 per cent [...]
Surging mortgage rates ‘biting harder’ on fragile housing market October 19, 2026 Rising mortgage rates are starting to “bite harder” on the UK’s fragile housing market by forcing sellers to push down asking prices. The average two-year fixed mortgage rate has risen to 5.55 per cent, up from 5.29 per cent last month and 4.25 per cent since before the war in Iran, according to homes portal [...]
Bellway warns revived Help to Buy scheme could slow housing market October 13, 2026 Bellway has warned the government’s revival of the Help to Buy scheme could further slow the housing market in the near term by encouraging housebuyers to delay decisions. The FTSE 250 housebuilder said Labour’s new equity loan scheme, Your First Home, is a “welcome development” but cautioned it will not immediately solve the UK’s housing [...]
Housebuilders pull out of London over Labour planning ‘nightmare’ October 8, 2026 Top housebuilders have begun to pull out of London citing a “nightmare” of planning objections that have made developments unviable. Listed housebuilders Taylor Wimpey and Berkeley Group both said that the costs of navigating the huge complexities of red tape and planning processes in the capital are making them less willing to continue investing. This [...]
Interest rate fears dampen UK house buying demand October 8, 2026 Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]
House prices fall faster in London as property market stays ‘subdued’ October 7, 2026 House prices in London fell at a faster rate last month, as homeowners in the capital continue to bear the brunt of the property market slowdown caused by the Iran war. The average house price in London fell by 2.2 per cent to £531,548 in the year to September, according to the Lloyds house price [...]
Cut stamp duty to reap £4bn windfall, Berkeley urges Healey October 6, 2026 One of Britain’s biggest housebuilders has urged John Healey to slash stamp duty on newly built homes, in a move which it says would hand the Treasury a £4.2bn windfall. In its Budget submission, London-listed Berkeley Group told the Chancellor that urgent action was needed to prevent the housing market from “sliding over an economic [...]