House prices fall at fastest rate since 2009 – and it’s worst in London September 7, 2023 House prices are falling at their fastest annual rate since the global financial crisis, with London hit hard
Belvoir: Renter demand helps drive up revenue amid rocky period for UK housing market September 4, 2023 Belvoir has reported a 10 per cent uptick in profit before tax to £4.4m in its half year results as it was bolstered by a series of acquisitions and rising demand for rent. During the term, the listed property firm acquired BMA Bristol Ltd, a financial services business comprising of over 20 self-employed advisers for £1m, [...]
Vistry, Barratt and Berkley: Housebuilders to report as investors nervous on rates, mortgages and rule changes September 1, 2023 After their shares soared on the Government’s decision to relax environmental rules, three housebuilders are preparing to update shareholders next week. Vistry, Barratt Developments and Berkeley Group will all update shareholders during the week, as nervous investors will be looking for more indications of what is happening in the mortgage market. Vistry has already said [...]
UK house prices drop by 0.8 per cent as ‘softening’ of growth at weakest since 2009 September 1, 2023 Nationwide said house prices are now 5.3 per cent below their August 2022 peak, while the average property value is now £259,153.
Property sales down 16 per cent in July as reduced lending rates fails to stop hesitancy August 31, 2023 The number of property sales taking place in July was 16 per cent lower than it was in the same month last year, as reduced lending rates failed to allay prospective buyers' hesitancy.
Competition watchdog probes land banks in housing investigation August 25, 2023 The UK competition watchdog has said it will probe land banking by the country’s biggest housebuilders as it identified a number of concerns regarding the sector. The Competition and Markets Authority (CMA) formally started a probe into the housebuilding sector and the private rental market in February. It said it was looking into the housebuilding [...]
House prices: Five things we’ve learnt from the latest data (and why we might still be set for a crash) August 21, 2023 House prices might not crash - but neither renters nor homeowners have all that much to cheer as we head into September
Brits think almost half of England is ‘built on’ – but real figure is less than 10 per cent August 17, 2023 Brits think almost half of land in England is built on by towns, roads or rail lines – despite the real figure being under nine per cent, polling has revealed. Six in 10 people in England also say retaining the current green belt should come before meeting housing needs, researchers at Ipsos for the Economist [...]
London and south east house prices fall fastest with analysts predicting five per cent crash August 7, 2023 House prices dropped by 0.3 per cent from June to July, the latest data suggests, with London and south east homes falling fastest in value. House prices fell by -2.4 per cent on an annual basis , easing from -2.6 per cent in June, the latest figures from Halifax show. The 0.3 per cent fall [...]
London rent crisis deepens: Costs may soar to £2,700 as families face being driven in to poverty August 3, 2023 Average rental costs in London may soar to £2,700 per month next year, new figures suggest. Families in the city are being driven into poverty by “sky-high” rents, campaigners warned. The figures, gathered by City Hall, mean that many Londoners can expect to pay £133 more than the current average of £2,567 calculated by Rightmove. [...]