Rising interest rates wipe £200m off British Land’s property portfolio Underlying profits, however, up 3.4% to £142m in half year to end of September, driven by higher market rents
Landlords sell up in Great Britain as buy-to-let market sours Owners sell to offset losses from tax changes and rate hikes, meaning fewer homes to rent and thus higher rents
New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners Nationwide’s two-year fixed rate deal offered at 4.99% as lenders jostle for customers
UK housing market is past its ‘peak pain’, declares Savills Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025
UK house prices rise for first time since March amid supply shortages Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax
Luxury London tower near remains of Shakespearean theatre opens Find from 16th century uncovered in building of £750m complex of 412 apartments now renamed the Stage
‘Property porn’ estate agent The Modern House cuts staff amid downturn Aspirational website and Instagram feed joins firms laying off workers as market slowdown hits
UK mortgage borrowers can expect competitive rates but higher fees Offers for homeowners may look improved but deals are likely to come with huge percentage-based product fees
Labour says 630,000 will be hit by surge in mortgage costs before 2024 elections Long period of high interest rates expected, meaning higher costs for homeowners whose fixed-rate deals are coming to an end
UK house prices rose unexpectedly in October, index shows Nationwide records monthly increase of 0.9% but average property value down 3.3% year on year
Rihanna’s former London rental mansion sells for £27.5m Chinese buyer snaps up St John’s Wood house that often featured in singer’s Instagram posts
UK mortgage approvals slump before interest rates decision Remortgaging at lowest level since January 1999 as borrowers face higher repayments
Interest rate rises caused sharp drop in UK household wealth, report finds Resolution Foundation says higher interest rates have led to a fall in house prices and pension pots
From right to buy to housing crisis: how home ownership killed Britain’s property dream Margaret Thatcher’s ‘property-owning democracy’ project drove a mass sell-off of social housing. After more than 40 years of soaring prices and growing inequality, is it time to change course?
‘Every night is sleepless’: the people falling behind on mortgage repayments With interest rates still high and mortgage arrears at highest levels since 2016, we hear from three people struggling to pay