Grainger: Property giant benefits from higher rents and small landlord exits February 5, 2025 Property giant Grainger has reported double-digit growth in income driven by higher rents and the exit of private landlords from the rental market. Grainger, the UK’s largest listed provider of private rental homes, told markets this morning that total net rental income grew by 15 per cent in the four months to the end of [...]
Crest Nicholson: Housebuilder upbeat despite ‘tough and disappointing year’ February 4, 2025 Housebuilder Crest Nicholson has said it is “well-positioned” to meet housing demand with a new strategy, despite lower-than-expected profit this year. Revenue at the housebuilder fell six per cent for the full year to October 31, to £618m, while operating profit fell 38.4 per cent to £31.3m. Profit before tax fell 53.3 per cent year [...]
House price growth slows despite ‘busier January than normal’ January 31, 2025 House price growth slowed slightly in January, but year-on-year growth remained robust despite higher interest rates. The annual rate of house price growth slowed to 4.1 per cent in January, compared with 4.7 per cent in December, according to the Nationwide House Price Index. House prices increased by 0.1 per cent month on month, after [...]
UK mortgage approvals rise as buyers race to beat stamp duty changes January 30, 2025 The number of mortgages approved by the UK banking sector rose unexpectedly in December, according to new data, suggesting buyers are looking to beat upcoming changes to stamp duty. The Bank of England’s figures showed that 66,500 mortgages were approved last month, which was up from 66,100 approvals in November. Economists had expected the number [...]
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 [...]
Rachel Reeves says tax-hiking Budget was needed to stop economic calamity January 30, 2025 Chancellor Rachel Reeves has defended her tax-hiking Budget today, saying that without the changes to national insurance, the government would have lost control of the economy. Speaking on Time Radio this morning, Reeves said she recognises there are “consequences to increasing National Insurance,” but the “consequences of irresponsibility would have been far greater” had the [...]
The UK’s housing crisis is creating a generation of broke retirees January 24, 2025 The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasingly hard to save up for and mortgages increasingly burdensome, few people will be free of housing costs by 2050, unless something changes. A [...]
Could the Bank of England push the UK into recession? January 23, 2025 As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option. Launched in 2009 to save a collapsing financial system, it was supercharged during the pandemic, [...]
London commuter towns named ‘financial resilience capitals’ of the UK January 22, 2025 From pension plans to retirement savings, new data has revealed the 'financial resilience capitals' of the UK.
Natwest share price rockets to 10-year high January 21, 2025 The Natwest share price hit its highest level since February 2015 in early deals this morning as investors backed the bank for growth in 2025. The UK bank’s stock price is already up 95 per cent over the last year, making it one of the best performing stocks on the FTSE 100, and it shows [...]