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Crest Nicholson forecasts lower profits after number of first-time buyers plungesBritain’s housebuilders were the top stock market fallers on Monday morning after one of the biggest companies issued a profit warning and new data showed the fastest drop…
A profit warning from housebuilder Crest Nicholson compounded fears of a housing market slowdown, as Rightmove data revealed a further drop in asking pricesAJ Bell investment director Russ Mould said that while weak house price data (as was “hardly a s…
House prices have increased more than 30% in five years in the state’s largest city, which has at least 50,000 people living outsideThe median price for a home in Los Angeles, California’s largest city, will soon hit $1m, as skyrocketing housing costs …
Decline in July is fourth monthly fall in a row with prices dropping by 2.4% on an annual basis, says lenderThe average UK house price has fallen for the fourth month in a row, according to Halifax, which says higher borrowing costs are increasingly pu…
Households fear being thousands of pounds out of pocket as problems beset Homes England administratorHomeowners who used the government’s help-to-buy loan scheme to buy a property are still reporting delays in getting hold of vital paperwork, weeks aft…
Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursd…
With the cost of borrowing likely to rise again, we speak to some of the 1.4m people on variable rates dreading the latest decisionBank of England poised to raise UK interest rates to 5.25%“It’s a bloodbath, that’s the way I’d like to describe it,” say…
Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in JulyBusiness live – latest updatesUK mortgage approvals rise despite surge in interest ratesAnalysis – mortgage rates show sign of easingUK house prices fell last month …
West Yorkshire-based firm warns of ‘markedly lower’ profits with company hit by falling demand for new-build homesUK mortgage approvals rise despite surge in borrowing ratesBusiness live – latest updatesAnalysis – mortgage rates show sign of easingThe …
Surprise jump in demand for home loans as borrowers ‘scramble’ to get ahead of interest rate increasesAnalysis – mortgage rates show sign of easingBusiness live – latest updatesMortgage approvals in the UK rose to their highest level since October 2022…