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Research by Bank of England economist reveals huge scale of parental support in housing market The massive scale of parental support for young people seeking to buy their first property has been revealed in a UK study showing one in four new homebuyers…
Housing secretary’s plans aim to address the housing crisis as he says country must make ‘better use’ of buildingsMichael Gove is planning to change planning laws to pave the way for more home extensions and conversions of shops into houses in England …
Rightmove says average advertised rent in Great Britain is at all-time high of £1,231 a month outside the capitalPrivate rents in Great Britain have soared to fresh all-time highs and the average amount being asked for outside London is now a third hig…
Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyersBritain’s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, accor…
Exclusive: Private rentals have grown £400bn in value – making a mockery of landlords’ demands for tax cuts, say campaignersPrivate landlords in England have made enough money from rising house prices in the last three decades to build at least 3m coun…
Homeowners’ worries are affecting national mood, poll shows, as figures reveal small drop in pricesHomeowners’ worries about falling house prices are affecting the national mood, according to a poll supported by a separate survey showing a small drop i…
Survey of estate agents reports growing reluctance among potential homebuyers to make a purchaseMortgages to cost 1m borrowers extra £500 a month by 2026, BoE warnsRenting a room in UK tops £700 a month on averageThe steep rise in mortgage interest rat…
Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’The average cost of renting a room in the UK has risen to more than £700 a month for the first time, according to data from the property website SpareRoom.Experts sai…
Average price of property drops by 2.6% year on year in June as mortgage rates climbBusiness live – latest updatesUK house prices experienced their biggest annual fall in 12 years, according to Halifax, the latest sign that soaring interest rates on mo…
Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming monthsBusiness live – latest updatesUK house prices have defied expectations by growing slightly in June but annual prices fell at the fastest rate since 20…