New Planning Rules Aim to Safeguard UK Residents from Displacement Due to Short-Term Lets
Secretary of State for Levelling Up Housing and Communities, Michael Gove, emphasised the crucial role short-term lets play in the flourishing tourism sector.
Labour's Ambitious Home Insulation Plan Faces Uncertainty Amid Debt Concerns
The initiative, aimed at addressing climate change and improving energy efficiency, now faces scrutiny over the potential impact on national debt and the feasibility of implementation.
Barratt to Acquire Redrow in Landmark £2.5 Billion Deal
Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion.
Urban Exodus vs. Urban Oasis: the Post Pandemic's Mixed Picture of City Life
The pandemic has sparked a global change in urban living, from sprawling suburbs to gated green havens. While Westerners escape the city centre, some Asians refuse to sacrifice the convenience of urban life. They have the foundation for this choice, as mega-complexes of thousands of hectares, like Vietnam's Ocean City, are taking root in the heart of bustling cities, aspiring to fulfill every resident's need.
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UK Housing Market Set for 3% Rise in 2024 Amidst Economic Resilience
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Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
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Reported £19 Billion Surge in Mortgage Costs as Fixed-Rate Deals Near-Expiry
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A Reported £80 Million Allocated to Regenerate Brownfield Land and Construct Thousands of Homes
More news
UK Housing Market Sees December Dip as Average Asking Prices Drop by £7,000
There is a shift in the dynamics of the property landscape as the new seller's average asking prices are 1.1 per cent lower.
Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors
The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.
Bank of England's Financial Stability Report Highlights Resilience Amid Rising Interest Rates
The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates.
UK Property Market Anticipates 1% Price Drop in 2024 Amidst Seller Competition and Mortgage Rate Stability
Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.
UK Household Financial Struggles Soar Amid Cost-of-Living Crisis
The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.
Nationwide's Competitive Two-Year Fixed-Rate Mortgage Signals Positive Shift in Property Market
Mortgage brokers have hailed Nationwide's decision as a "watershed moment", anticipating a revitalisation of the property market and instilling hope among borrowers.
UK Housing Market Poised for Recovery as Savills Forecasts Bottoming Out in 2024
Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.
Recent Data Reveals House Prices Fall in Largest Slump Since 2009
Data from Zoopla shows there has been a 23 per cent reduction in housing sales so far this year compared to the same time last year.
UK Housing Market Faces 5.3% Yearly Decline as Interest Rates Squeeze Prices
According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.
Over 4,000 UK Homes To Get Better Heating Through £13.9 Million Heat Networks Upgradation Plan
A reported 55 heat networks across the country are being upgraded so that thousands of old and inefficient heating systems in UK homes get lower energy bills ahead of the winter.
Empty Properties Rate Hit 24% Sparks Urgent Calls to Tackle England's Escalating Homelessness Crisis
Over the past six years, the number of long-term empty properties has surged by 24 per cent, prompting housing experts to call for stronger political action.
Renters face 25% increase over next 3 years as landlords also grapple with increased costs
The Bank of England forecasts, however, predict salary growth of only 15 per cent over the same time period.
Scottish Mortgage shares face headwinds amid market turbulence and Chinese economic concerns
Scottish Mortgage Investment Trust faces challenges due to Chinese exposure, Nasdaq volatility and unlisted stocks, trading at a significant discount to its net asset value.
UK housing market faces steepest annual price drop in 14 years
The abrupt increase in mortgage rates in recent months has been a response to the Bank of England's actions, which have raised interest rates 14 times since December 2021.
With the unique volatility of the UK housing market, is now a good time to buy or sell property?
The Halifax House Price Index found a -2.4 per cent annual decline, a monthly change of -0.3 per cent, in house prices, with the Director of Halifax Mortgages insisting that the equivalent of this drop in terms of cash is a thousand pounds.
The mental health of 14 million people is affected by rising mortgage rates
New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.
How will the UK real estate industry go 'digital' in 2023?
The UK government and the major real estate industry players have jointly launched a new group for the digital transformation of UK real estate.
Investors' projections indicate affordable housing market set to double by 2023
JLL's Affordable Housing 2023 report projects a 120 per cent growth in the UK's affordable housing market, with an increasing interest of investors.
Build-to-Rent sector in the UK shows resilience despite economic uncertainty
The British Property Federation reports that despite market challenges, the number of completed Build-to-Rent homes in the UK has increased, highlighting the sector's resilience.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
Is the Russia-Ukraine war affecting the real estate industry?
Urban Logistics REIT PLC highlighted the adverse impact of Russia's invasion of Ukraine as a contribution to a significant shift in its financial performance.
Investing in England's worst quality housing could generate over £135 billion
Restructuring England's poor housing could yield £135 billion in societal benefits, according to the Building Research Establishment.
UK house prices experience modest growth in June – yet annual decline at fastest rate since 2009
UK house prices grew slightly in June but fell at the fastest rate since 2009, impacted by soaring mortgage costs, with two-year fixed-rate mortgage rates climbing past six per cent.
Britain's mortgage crisis, borrowers to be given 12-month grace period before repossession
Rising costs, affordability concerns, and economic uncertainty impact the housing market, with interest rates now standing at five per cent in the UK, the highest level since April 2008.
Housing crisis report shows 8.5 million people in England unable to access appropriate housing
NHF England's report highlights the pressing housing crisis, with 8.5 million people in England lacking appropriate housing. The report calls for a long-term plan and transformative approach to address the issue ahead of the general election.
Industry bodies unite to oppose proposed Infrastructure Levy
Thirty industry bodies, including housebuilders, housing associations, and charities, oppose the proposed Infrastructure Levy, warning it threatens affordable housing and infrastructure development in England.
Latest labour market data spells more trouble for UK mortgage holders
A reported 1.3 million UK households with mortgages were already expecting increased costs at the start of the year. The latest data means there is more pain yet to come.
HSBC makes a comeback in the mortgage broker market with adjusted rates
HSBC's return to the mortgage market amid rate adjustments reflects a turbulent landscape and changing economic conditions.
Social housing staff latest in a series of public employees to announce strike action over pay and conditions
Workers at the Housing Ombudsman and the Regulator of Social Housing have announced a week of strike action in June.
Inside a $40,000,000 Dubai Luxury Villa with Anthony Joseph Abou Jaoude
Dubai's invincible real estate magnate Anthony Joseph Abou Jaoude recently gave a glimpse inside a stunning $40,000,000 Dubai luxury villa in Emirates Hills.
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'It's Time for You to Leave': Trump Admin Allegedly Sends Mass Deportation Emails to Immigrants
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Chinese TikTok's Reveal How 'Luxury' Brands Charge Thousands for Factory-Produced Goods Worth £30
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What's Going On With Donald Trump's Bruised Hand? Experts Say It's Likely 'Minor Trauma'
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How Much Does Elon Musk Reportedly Offer 'Intelligent Women' to Have His Child? WSJ Reveals Shocking Details
