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 [...]
House price slump blamed on World Cup and heatwave Property House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]
Rightmove hikes dividends amid confident outlook Business Rightmove has hiked dividends after issuing a confident outlook for 2025 despite wider uncertainties in the UK housing market. The property portal unveiled a 6.1p per share dividend in its full-year results on Friday, up five per cent and taking the total payout to 9.8p. Underlying operating profit increased four per cent to £273.9m in [...]
Value of UK housing stock hits £9 trillion for the first time February 17, 2025 The total value of all homes across the UK has passed £9 trillion for the first time, according to new research by property firm Savills. After a brief slump in 2023, the UK’s housing stock grew by £346bn last year – meaning it is now more than 3.5 times the annual GDP of the UK. [...]