Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Mortgage approvals rise to highest level in a year – but UK housing market rebound unlikely to last February 29, 2024 The figures show that the housing market is steadily rebounding from the impact of higher interest rates.
Prime London house prices back at 2014 levels as buyers shun South Kensington and Chelsea February 17, 2024 House prices in prime London were 2.5 per cent below their pre-pandemic level and down by 7.1 per cent annually.
For sale: Mansion where Jacob Rees-Mogg grew up hits the market March 25, 2024 The mansion where Jacob Rees-Mogg grew up has been put up for sale for the third time in almost four years.
Confidence in UK property market starts to dip ahead of election June 13, 2024 Confidence in the UK housing market is starting to dip despite signs of improvements in recent months, according to the latest property surveyor report from the Royal Institution of Chartered Surveyors (RICS).
House prices: Shock month on month rise suggests property market beginning to stabilise November 1, 2023 House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide showed before the Bank makes its interest rate call tomorrow. . Compared with October last year, prices were down 3.3 per cent, a less sharp fall than September’s 5.3 per cent drop, Nationwide said. This comes after the Bank [...]
Audemars Piguet helps fuel booming UK luxury watch market as sales surge August 6, 2024 The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted a revenue of £72m for the 12 months, up from £58.7m. Newly-filed documents with Companies House also show that its pre-tax profit increased from £3.4m [...]
House prices dip unexpectedly as interest rates continue to dampen demand August 30, 2024 House prices dipped unexpectedly for the first time since April this month, but a closely watched survey today suggests that the outlook for the property market is likely to strengthen as interest rates are reined in. In its closely watched house price index today, mortgage lender Nationwide said British house prices slipped by 0.2 per [...]
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.
Billionaire vaccine maker buys London’s most expensive property of the year December 12, 2023 A billionaire who made his wealth from vaccines has just made the most expensive purchase on a home in London this year, snapping up a Mayfair mansion for £138m.