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UK rental market
Business

UK rents hit record £1,418 outside London as rental market shows signs of cooling

Advertised rents have reached new highs, but slower annual growth and softer demand outside London suggest the market is becoming more balanced, even as the capital faces a tighter squeeze

UK House prices
Business

UK house prices flat after first annual fall since 2023. What happens next?

The average UK property price was almost unchanged in September as higher mortgage costs and economic uncertainty weighed on buyers, but some regions continued to record strong growth

Mortgage rate
Business

UK mortgage rates hit 6% as almost all sub-5% deals disappear

The average five-year fixed mortgage rate has reached its highest level in three years, while the number of fixed deals below 5 per cent has collapsed by 99 per cent since September

Housing
Business

UK homes are more affordable than they’ve been in 11 years. Here’s where buyers still struggle

Wage growth has outpaced house price rises, but London and the South East remain the UK’s toughest housing markets for buyers

UK House prices
Business

House prices are slowing across much of the UK but first-time buyers have a new option

House price growth has weakened, but a new Government-backed scheme could lower the deposit barrier for some first-time buyers in England.

UK house price
Business

UK home sales slipped in July: Is the housing market losing momentum?

Higher mortgage rates and economic uncertainty kept buyers and sellers cautious, but a rise in property searches suggests demand could pick up as autumn begins

UK housing
UK

UK rolls out first phase of £10 billion housing programme

The government has announced the first £10 billion wave of a low-cost housing programme, with more than 70,000 new homes set to be built and a focus on London.

UK Inflation
Business

UK households face fresh pressure as inflation jumps to 2.9 per cent

UK households faced fresh pressure in July as inflation rose to 2.9 per cent, official figures showed on Wednesday, driven by a 13 per cent rise in the household energy price cap amid the ongoing US-Iran war.