London, Oxford and Cambridge suffer steepest housing cost burden Property Londoners spend more on rent and housing than anywhere else in the country, according to a new report which highlights the economic cost of the capital’s housing crisis. The research found that residents of London spend 19 per cent of their outgoings on housing on average, although it noted that many renters and young homeowners [...]
London house prices record annual fall for first time in 18 months Property Budget uncertainty and a glut of supply caused house prices in London and the south to record an annual for the first time since last spring, according to new data. London house prices fell 0.1 per cent year on year, while prices in the south east and the south west fell by 0.1 per cent [...]
Council tax revaluation on high-value homes to disproportionately hit London and South East Property Rachel Reeves is set to introduce a council tax surcharge on expensive homes in a move that will disproportionately impact London and the South East, according to reports. The Chancellor is currently finalizing plans to plug a £25bn black hole in the public finances, and last week ruled out a major rise to income taxes. [...]
Taylor Wimpey shares slump as boss blasts Budget uncertainty November 12, 2025 The boss of Taylor Wimpey has blamed weak market conditions that hit the firm’s bottom line on the uncertainty surrounding the forthcoming Budget. Jennie Daly, chief executive of the housebuilder, said: “Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK Budget and continued affordability pressures.” Shares in Taylor Wimpey were down over 3.5 [...]
London house price growth to lag behind rest of UK until at least 2030 November 5, 2025 The capacity for house prices growing in London over the next five years is limited, according to property giant Savills, while Scottish and Northern prices are set to soar. By 2030, prices in the North West of England are expected to rise nearly a third to sit just 15 per cent below the UK average, [...]
London flat prices slump as market gets ‘reshaped’ October 22, 2025 The price of London flat has dropped year on year as prices remain under pressure from low demand and high supply. The average price of a flat in London fell by 2.6 per cent year on year to £445,000, according to the ONS. “This is a tough time to be selling a flat,” Jonathon Hopper, CEO [...]
The taxes driving housing developers out of London October 22, 2025 Stealth taxes faced by would-be builders have made London the most expensive city in the world to build, writes David Hirst.
Housing secretary Steve Reed ‘overly optimistic’ for betting jobs on housing targets October 22, 2025 The government’s housing secretary, Steve Reed, continues to be optimistic about the chance of a pledge to build 1.5m new homes in England despite mounting concern about delays. Earlier this week, Reed said that he would “absolutely” meet the goal and widespread scepticism would make “celebration all the sweeter”, he told BBC Panorama. “My job should be on [...]
Housing market ‘desperately needs’ a demand boost October 20, 2025 Analysts have argued the UK’s housing market needs demand-boosting policies after the housing market missed out on its usual Autumn bounce. House prices rose 0.3 per cent month on month, to £371,422 – far below the ten-year average October bounce of 1.1 per cent, according to Rightmove. “Buyers at the higher end in particular have [...]
Cutting affordable housing quotas is a slap in the face for Labour voters October 20, 2025 If Labour is no longer in favour of building affordable housing, what exactly is the party for, asks James Ford.