Natwest chair says “it’s not that difficult” to buy a house. The data disagrees. January 5, 2024 House prices continue to outpace wage growth but Natwest chair Sir Howard Davies has told youngsters it's "not that difficult" to get on the ladder
Storm Henk will spike insurance claims this time, but extreme weather events require longer-term thinking January 5, 2024 Storm Henk will undoubtedly cause a spike in insurance claims, but response to rising extreme weather events require a new approach going forward, experts have warned. The storm that battled the UK this week has caused flooding, damaged property and delays to travel as a result of rain and winds up to 80mph. This will [...]
Why the London property market will ‘underperform’ as UK house prices rise January 5, 2024 London house price growth will continue to “underperform” in comparison to the rest of the UK, property experts have predicted. Tom Bill, head of UK residential research at Knight Frank, said that buyers “struggling with affordability” will hinder recovery in the capital’s property market. “People were leaving to get more value during the pandemic..and I [...]
House prices rise for third straight month as market readies for 2024 rebound January 5, 2024 The UK housing market continues to beat expectations despite higher interest rates, with fresh figures today showing prices have risen for the third straight month.
Mortgage approvals rise as rates cool – but the housing market is not out of woods yet January 4, 2024 According to the latest reading from the Bank of England (BoE) net mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November.
Mortgage price war set to intensify as Halifax, HSBC lead charge slashing rates January 3, 2024 The new year has kicked off with a mortgage price war, according to brokers, as lenders slash deals to compete for business in a market under pressure from high interest rates.
Inside the largest and most expensive Dubai penthouse, worth £130 million January 3, 2024 The largest ever penthouse to be built in Dubai has gone on sale for £130 million
Government needs to bring in lighter regulatory regime to fill City’s specialist insurance market gap January 3, 2024 The UK insurance industry has urged the Government to adopt a lighter regulatory regime for captive insurance companies to fill the gap in London’s specialist insurance market.
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) [...]
What will the modern office look like in 2024? January 1, 2024 Offices will become more sustainable next year, a report has predicted, as the commercial property sector continues to undergo a transformation following on from the pandemic. Global architecture and design firm Gensler outlined what trends they expect UK offices to adapt in the new year. Sustainability is key The group said intense weather and climate [...]