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      Diesel crisis: UK minister holds emergency talks with US Energy Secretary

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UK housing market

  • Mortgages rates set to fall after Bank of England interest rate cut

    May 9, 2025

    Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they [...]

  • International buyers shun top end of the London housing market

    April 7, 2025

    The number of international buyers looking to buy London mansions has fallen to its lowest recorded level as stamp duty increases and broader tax changes weigh on housing demand. The proportion of international applicants – or people registering to buy a home – in Great Britain fell to one per cent of all buyers in [...]

  • Rightmove: 74,000 house buyers to narrowly miss stamp duty deadline

    March 17, 2025

    Rightmove’s stamp duty report has identified an estimated 74,000 moves, which includes 25,000 first-time buyers, that will just miss the March 31 deadline and complete in April. They form the unlucky section of a “massive log-jam” of 575,000 movers hoping to complete ahead of the tax change, Rightmove said. Collectively, the buyers are set to [...]

  • Five reasons the UK has a housing crisis

    March 12, 2025

    Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.

  • Foxtons: Estate agent boosts dividend as property sales pickup

    March 5, 2025

    London’s biggest letting agent, Foxtons, has raised its final dividend by 30 per cent after double-digit revenue growth. The company’s growth was driven by sales rather than lettings in the year ended December 31, 2024, with sales revenue up 31 per cent year on year and lettings up five per cent. Foxtons added that sales revenue [...]

  • House prices hit record high in January ahead of stamp duty deadline

    February 7, 2025

    According to new data, the average UK house price hit a record high of £299,138 in January ahead of the loss of first-time buyer stamp duty relief in April. House prices rose 0.7 per month on month and three per cent year on year, with London retaining the highest average house price in the UK [...]

  • House prices ‘gathering steam’ before stamp duty changes

    January 30, 2025

    The UK’s housing market got off to its strongest start in three years in 2025 as both demand and supply increased, according to new data. Buyer demand was up 13 per cent and 10 per cent more homes were on sale, with rising sales supporting UK house price inflation of two per cent year on [...]

  • Taylor Wimpey: Housebuilder holds guidance but warns of cost pressures

    January 16, 2025

    Taylor Wimpey has said it’s on track to meet its profit target for the year, but echoing a similar warning from rivals Persimmon and Vistry, said rising costs could be a headwind to growth in 2025. The FTSE 100 firm expects an operating profit of £416m for 2024, down from £470.2m the year prior, according [...]

  • Persimmon: FTSE 100 builder reaps benefit of higher house prices

    January 14, 2025

    In a trading statement covering 2024, the firm delivered a total of 10,664 homes, up seven per cent on the previous year and slightly ahead of market expectations.

  • Property analysts forecast strong spring as stamp duty deadline looms

    January 10, 2025

    Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]

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