First-time buyer numbers ‘were lowest in a decade in 2023’ January 2, 2024 The number of first-time buyers who purchased a home with a mortgage in 2023 is estimated to be the lowest in a decade, according to a building society. Yorkshire Building Society calculated that, across the UK, there were around 290,000 first-time buyers in the mortgage market in 2023, shrinking by a fifth (21 per cent) [...]
Nationwide: House prices fell nearly 2 per cent in 2023 as higher mortgage costs bite December 29, 2023 House prices in the UK fell 1.8 per cent over the course of 2023, according to the latest data from the Nationwide House Price Index.
Best of opinion 2023: Housing special December 22, 2023 Housing was a hot topic in 2023 – prices may have lowered a little (though by less than expected) but punishing mortgage rates and the impact of inflation have squeezed would-be buyers and sparked a mass landlord exodus. Renters’ rates have rocketed, up around 10 per cent year on year. All in all Londoners are [...]
London house prices continue to fall in boost for buyers December 22, 2023 House price growth in London continued to decline in December, with properties on the outskirts of the capital seeing the biggest falls, according to new analysis from Zoopla. Overall, annual London house price growth fell 1.5 per cent this month, with the average price tag of £536k. This is down from a 3.4 per cent [...]
Falling mortgage rates to provide support for house prices in 2024 December 21, 2023 Interest rates are expected to fall in the first half of next year after new figures showed that inflation dropped to 3.9 per cent in November, down sharply from 4.6 per cent the month before.
Michael Gove: ‘I love Sadiq Khan and am here to help’, but London mayor may lose planning powers December 19, 2023 Michael Gove has said “I love Sadiq Khan” and told the mayor he is “here to help” as he warned City Hall risked losing planning powers for London.
Row over London housebuilding rates ahead of Michael Gove planning speech December 19, 2023 A row has broken out over housebuilding rates in London ahead of a key speech by Michael Gove on planning reform.
London house prices: Property boss on where he’d be buying in the capital December 15, 2023 MANY regions across the UK can expect to see house price rises in 2024, a leading property association has predicted, with one London spot on their top 10 list
Housing market to improve over next two years as borrowing costs stabilise say surveyors December 14, 2023 As stability returned to the mortgage market over the past few weeks, the housing market has started to show signs of improvement, a new survey conducted by the Royal Institution of Chartered Surveyors (RICS) has said. A net balance of 11 per cent of property professionals reported sales falling rather than rising, narrowing from a [...]
Billionaire vaccine maker buys London’s most expensive property of the year December 12, 2023 A billionaire who made his wealth from vaccines has just made the most expensive purchase on a home in London this year, snapping up a Mayfair mansion for £138m.