Crest Nicholson halts opening of new division as forward sales slow November 17, 2022 British housebuilder Crest Nicholson has halted the opening of its third new division as interest rates dampen the desire to buy a home. The FTSE250 housebuilder is not the first to voice caution over rising rates, which have pushed up mortgage costs for many – deterring Brits from jumping onto the property ladder. Forward sales [...]
UK house price growth accelerates as supply of new homes coming to market dwindles May 13, 2021 UK house price growth accelerated last month due to a slowdown in the supply of new homes coming to market, according to the latest research. A survey carried out by the Royal Institution of Chartered Surveyors (Rics) showed that 75 per cent of respondents reported an increase in UK house prices. The figure is up [...]
UK house prices drop by 0.8 per cent as ‘softening’ of growth at weakest since 2009 September 1, 2023 Nationwide said house prices are now 5.3 per cent below their August 2022 peak, while the average property value is now £259,153.
Socialism is on the rise in the UK – we need radical free-market solutions to issues like the housing crisis to fight it July 8, 2021 Last Friday, an underwater oil pipeline burst in the Gulf of Mexico. Spectacular images of a burning oil patch, which looked a lot like the “eye of Sauron” from Lord of the Rings, quickly went viral around the world. What had gone wrong? It did not take long for Twitter to reach its verdict: the [...]
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
Satellite Vu cuts deal to provide climate data to UK real estate market June 7, 2022 Infrared imaging specialist Satellite Vu is set to provide climate data to the real estate market – once its satellites are in obit – in a bid to decarbonise the UK housing market. Buildings contribute some 40 per cent to the world’s total emissions, making real estate a key target in the country’s net zero [...]
UK house prices reach new record high as property market booms April 9, 2021 UK house prices reached a new record high last month as government measures such as the stamp duty holiday continued to buoy the property market. Average house prices jumped 1.1 per cent compared to the previous month, hitting a record £254,606. In comparison to March last year – when the pandemic hit the UK – [...]
Next week in the City: Prudential, Bunzl and Grafton update investors August 26, 2023 Despite an August lull taking hold of the corporate calendar, Prudential, Bunzl and Grafton.
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? April 7, 2024 The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?
House prices inch higher to £286,079 as steamroll slows May 6, 2022 House prices have inched higher to an average of £286,079, another new record high – though spiralling prices are beginning to slow. The average price of a home climbed 1.1 per cent since April, but has risen 10.8 per cent year-on-year. While prices appear to have slowed in their steamroll, costs have grown for the [...]