UK House Prices Stable Amid Interest Rate Uncertainty
UK house prices are now stable, but surveyors have cautioned that although more sellers are putting their properties on the market, the stance remains vigilant due to the continuous uncertainty…
Bank of England Reports a 50% Surge in Mortgage Balances with Arrears
According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023’s fourth quarter in comparison with a year earlier. Bank of…
UK House Prices Approach 2022 High with 5th Monthly Rise
According to the latest data from Halifax, UK house prices have experienced a 1.7% annual surge, bringing the average cost of a UK house remarkably close to the peak recorded…
UK Construction Downturn Shows Signs of Relief, Yet Job Losses Accelerate
Last month, the UK construction industry showed glimpses of stability, offering a glimmer of hope after enduring more than two years of turbulence, according to a recent survey. Despite this…
Mortgage Reforms: UK Building Societies Claim Exclusion of First-Time Buyers
Building societies are raising alarm bells over the unintended consequences of mortgage reforms implemented in the wake of the 2008 banking crisis. They argue that these reforms, initially aimed at…
Rents Surge in Commuter Towns Amidst Unaffordable Cities, Research Reveals
Recent research highlights a surge in rents in commuter towns, driven by the increasing unaffordability of urban areas. As cities grapple with a growing affordability crisis, tenants are turning to…
UK Property Sales Expected to Surge by 10% Amidst Buyer and Seller Resurgence
Online property platform Zoopla has unveiled optimistic figures, indicating a robust trajectory for UK property sales. Projections suggest the market is poised to achieve approximately 1.1 million transactions throughout…
UK Housebuilders Under Investigation Over Price Manipulation
The UK’s competition watchdog has launched an investigation into eight housebuilders after it found signs they may be sharing commercially sensitive information that could affect house prices. The CMA began…
UK House Prices Experience First Increase in Six Months
House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in the…
Affordable Housing Construction in London Hits Standstill, Gove Reveals
Housing associations are cautioning the government about a concerning trend in London, where housebuilding is rapidly slowing down. Over the last 12 months, the construction of affordable homes in the…
UK Housing Market Shows Signs of Recovery with Easing Price Falls
Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries…
No-Fault Evictions Surge in England as Reform Bill Faces Further Delay
In the five years since the announcement of the no-fault evictions ban, over 26,000 Section 21 notices have been issued. Concurrently, the social housing stock has plummeted, creating a complex…
UK House Prices Surge at Strongest Rate in a Year
Nationwide reports suggest a brighter outlook for the UK housing market, with recent price trends indicating notable improvements. UK House Prices Surge In January, the index of the building company…
Tenants Hit Affordability Ceiling, Leading to Slowdown in UK Rental Market
Within the tumultuous landscape of the UK rental market, tenants find themselves navigating the daunting terrain of surging rent prices and fierce competition for available properties. The challenges are twofold,…
Rental Affordability Crisis: Record Numbers of US Renters Face Prohibitive Housing Costs
The challenges surrounding housing in the United States have reached unprecedented levels, as recent data from Harvard University reveals a significant and concerning trend. A growing number of Americans are…
