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‘This is just ruinous’: the Britons unable to afford their homes

Millions are finding themselves priced out of renting and buying amid high inflation and mortgage rates Out of reach? The tool that shows where you can afford to buy or rent in Great Britain The cost of living crisis, spiralling mortgage rates and soaring rents have exacerbated property shortages in Britain to the extent that […]

UK house prices experience annual fall for first time in decade, data shows

Price of average home in May was 1% lower than in same month last year, according to Halifax figures UK house prices have experienced their first annual fall in more than a decade, according to Halifax, in a sign that the impact of soaring interest rates on household budgets has brought a halt to the […]

Agreed house sales in UK at highest point this year, says Zoopla

But property website warns that rebound in activity could be hit by rising mortgage rates More prospective house sellers are returning to the UK’s property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla, although it warned that the rebound in activity could be knocked by rising […]

Studio flats for sale – in pictures

From a historic art deco ‘bachelor’s pied-á-terre’ in the heart of Chelsea, to one of Manchester’s coolest geometric glass creations Continue reading…

UK house prices could be stabilising despite falls, say surveyors

Rics data for February shows improvement in new buyer inquiries and sales The UK housing market remains in decline but there are some signs of stabilisation, with an improvement in new buyer inquiries and sales last month, according to surveyors. Many told the Royal Institution of Chartered Surveyors (Rics) that a return of optimism, and […]

UK house prices rise as mortgage rate cuts lift confidence

Average monthly increase of 1.1% to £285,476 in February, after falls in previous two months, says Halifax UK house prices picked up in February from the previous month as recent reductions in mortgage rates helped to stabilise the market, according to the lender Halifax. The average house price rose 1.1% to £285,476 last month compared […]

How rising interest rates sent the UK housing market into reverse

An end to ultra-low rates mean borrowers can only afford smaller mortgages BoE boss says interest rates may have peaked UK house prices fall at fastest annual rate since 2012 Since the turn of the year the news on the economy has been less bad than expected. Growth has been a bit stronger, spending in […]

UK house prices fall at fastest annual rate since 2012

Year-on-year February 1.1% decline comes as average price of property drops to £257,406, says Nationwide BoE boss says interest rates may have peaked How rising rates sent the UK housing market into reverse Annual house price growth in the UK turned negative in February for the first time in almost three years, Nationwide data shows, […]