HOUSING NEWS

The UK’s housing model is broken and more homes are “desperately” needed, Michael Gove has said.

House prices fell at their sharpest rate for 14 years in March: Average property values dropped by 3.1% in the largest annual decline since July 2009

Mortgage lending in February fell to its lowest level since 2016, excluding the pandemic, the Bank of England has said.

The average interest rate charged by mortgage lenders is now much higher than many homeowners have been used to.

House prices are set to fall 10 per cent from their most recent high before picking up again in 2026, according to the Office for Budget Responsibility (OBR). The forecast in the public body’s latest report, released alongside today’s Spring Budget represents a further 1 per cent drop compared to its last prediction in November. […]

UK house prices fell by 1.1% in the year to February, as higher mortgage rates and living costs made homes less affordable.

The average asking price for a UK home rose by just £14 from January to February, according to property website Rightmove – the lowest increase for the month since its records began in 2001. The average asking price for a home is now £362,452, it said. Asking prices normally rise at the start of the […]

Online estate agent Purplebricks is up for sale after revealing it expects to lose between £15-£20m this year.

The cheapest mortgage rate has dropped to its lowest since September, as price war intensifies between banks and building societies…

Buy-to-let bust sees 66 rental homes disappear each day