UK Housing

People are looking for affordable housing in churches and schools

New legislation restricts advanced rent payments with a £5,000 penalty, aiming to enhance tenant rights and housing affordability.

Rachel Reeves, the new Chancellor, has pledged to build 1.5 million new homes by 2029 despite opposition from 'nimbys,' focusing on reforming planning systems and utilising brownfield and grey belt land.

The proposed measure involves a one-time adjustment of £16, spread across the period from April 2024 to March 2025.

Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.

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.

Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.

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.

"Making money off your home is ideal for people that don't have much time and want to generate cash to help with their bills," says Greg Wilson, CEO and co-founder of Quotezone.co.uk.

Asking prices for British residential properties are dropping and there are signs that the fallout from the "mini-budget" bond market rout is weighing on first-time buyers, property website Rightmove said on Monday.

Released prisoners with no stable homes are twice as likely to repeat crimes

Despite the numerous positive benefits, it may be in private-rented accommodation and low-paid work where the impact is most perceived.

Should the British property market go vertical to end the perpetual housing crisis?

The Prime Minister attempted to lay out her vision for housing in Britain - but everyone was distracted by something else.

Figures from the Institute for Fiscal Studies show young middle earners are struggling to get on the property ladder.

House prices fall 0.6% month-on-month in January, driving annual growth down to its lowest level since July.

Government data released last week showed homelessness in Britain rose by 15% last year and is more than double than five years ago.

Biggest price cuts are in Knightsbridge, where sellers have sliced an average of £927,188 off asking prices.

RICS data shows house prices to fall in the capital and the south-east next year and drop could spark nationwide fall.

Average rents in London records fifth decline this year after falling 1.7% month-on-month in November.

Rightmove expects average house prices in England and Wales to grow at fastest pace in seven years in 2018.

House prices grow 3.9% in the year to November, as annual rate of growth drops for the first time since July.

Nearly a fifth of all workers in house building sites across England are from the European Union, census reveals.

House prices in Manchester rose 7.9% compared to a year earlier in October, while prices in Birmingham were up 7.3%.

Slowdown in housing market and Bank of England's rate rise earmarked as the main factors behind a decline in confidence.

Chancellor pledges to invest £44bn to revive Britain's housing sector and delivers £3.75bn boost to NHS.

Chancellor abolishes Stamp Duty for all first time buyer purchases up to £300,000 as part of housing reforms.

Boost for housing sector, driverless cars and 5G technology are all expected to feature in Hammond's speech.

Some 37% of properties on the Rightmove website had reduced prices compared to when they were first listed.

Some 56% of Britons are pessimistic of their chances of ever owning property, a survey by Ipsos and ING shows.