‘Marked slowdown’ in UK housing market amid political and economic uncertainty – business live
Housebuilder Barratt says ‘political and economic uncertainty’ hit the housing market JD Sports has also predicted its profits will be towards the top end of expectations, following a jump in sales over Christmas. JD Sports’ revenues grew by over 10% in the 22 weeks to 31 December 2022, accelerating to more than 20% in the […]
I bought my own home last year. But I now have big regrets | Arwa Mahdawi
There is immense pressure to buy a place – and to do so is obviously a massive privilege. So why does homeownership seem so overrated? Here are a few things that I have Googled in the nine months or so since I bought a Victorian terrace home in Philadelphia: Does a crack in the lintel […]
Mortgage payers face squeeze in 2023 after UK interest rate rises
Wealthy people who own home outright will avoid higher costs and benefit from better return on savings Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to […]
Average UK house price falls for fourth month in a row, says Halifax
Figure of £281,272 comes as property values drop by 1.5% in December, after 2.4% decline in November The average UK house price fell for the fourth month in a row in December, according to Halifax, with experts expecting a further slowdown amid a long recession. Property values decreased by 1.5% in December, the lender’s monthly […]
Average House Price in the UK Falls for the Fourth Month in a Row
The average house price in the UK fell for the fourth month in a row in December, dropping by 1.5% caused by the rising cost of living and elevated interest rates. Halifax revealed that the average house price now stands at £281,272 stating that they expect ‘a reduction in both supply and demand overall, with […]
UK house prices fall as cost of living crisis and higher interest rates slow housing market – business live
Halifax reports that average UK house prices fell 1.5% in December, the fourth monthly drop in a row, pulling annual growth down to 2% Energy news: Shell says it expects to pay around $2bn over the fourth quarter of last year, due to windfall taxes in the European Union and the UK. The oil and […]
UK homeowners: are you considering downsizing for cheaper mortgage repayments?
We’d like to hear from homeowners in the UK who are thinking of downsizing to a cheaper property in order to reduce monthly mortgage payments As disposable incomes in the UK are forecast to slump by 3.8% in 2023, and more than five million families could see their annual mortgage payments rise by an average […]
Cost of living: House prices drop by 2.3% in a month – Halifax
The mortgage lender says the annual rate of growth in property prices fell from 8.2% to 4.7%.
House prices see biggest fall for two years, says Nationwide
Prices fell 1.4% in November as higher interest rates put off buyers, Nationwide says.
HSBC to close more than one in four bank branches in the UK
Round of 114 site closures in 2023 will cut total to 327 as bank reveals usage by regular customers has fallen by two-thirds Full list of HSBC closures: is your local branch on it? HSBC is to shut a further 114 branches in the UK – more than a quarter of its network – after […]