Mortgage rate hikes cost London homebuyers £35,000 Property The surging mortgage rates caused by the Iran war have forced the average London homebuyer to fork out an extra £35,500 for their deposit. The rising cost of borrowing caused by the Middle East conflict has meant that the average deposit in the UK is £18,400 higher than in January – though costs have risen [...]
Let them build homes near stations, but let them be beautiful too Opinion Rules to allow thousands of new homes near stations is cause for celebration, but the government must avoid creating 'anywhere developments'.
House prices suffer biggest August slump in eight years Property House prices in the UK have suffered their biggest August drop since 2018, as a usually quiet period for the property market is stifled further by fears of Budget tax rises. The average house price slumped by two per cent this month to £364,999, according to property portal Rightmove. House prices are down one per [...]
Family feud: London estate agent Winkworth sues chair over plot with wife to oust son from board August 7, 2026 London estate agent Winkworth has initiated High Court proceedings against its chair, Simon Agace, for an alleged breach of contract after he and his wife attempted to oust the company’s board, including his son, City AM can reveal. The AIM-listed company, which is one of the UK’s oldest estate agents and specialises in high-end properties [...]
Top-end priced UK properties may take four times longer to leave market July 25, 2026 Property sellers in Britain asking for too high a price who have to reduce it to make a sale take four times as long to sell than those listing an accurate initial asking price. According to new research from estate agent Savills, 33 per cent of sales required the asking price to be slashed to [...]
Nationwide fires starting gun on mortgage deals ahead of interest rate decision June 16, 2026 Nationwide has slashed its mortgage rates for the second time in the space of a week, ahead of the Bank of England’s interest rate decision on Thursday. The building society has taken the chop to its home loan prices, with a 0.28 percentage-point reduction. It follows a 0.12 cut on 10 June. The move comes [...]
Real estate firms going bust at record rate as property market slumps June 10, 2026 Real estate companies are going bust at the fastest rate seen in a decade, City AM can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City AM analysis of [...]
Housebuilder Bellway warns mortgage rate hikes dampening housing demand June 9, 2026 Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” [...]
Local authorities thwart housebuilding with ‘manifestly unfair’ council tax raid on developers May 28, 2026 Cash-strapped local authorities across Britain are thwarting efforts to increase housebuilding by hitting property developers with steep council tax bills as soon as their homes are listed as complete, an influential industry body has warned. In a paper shared with City AM, the boss of the Home Builders Federation (HBF) accused local councils of slapping [...]
What does new City minister Rachel Blake have in store for the Square Mile? May 15, 2026 The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]