London’s new build market stalls under weight of costs and weak demand
Property agents say there are 22,000 new homes in the capital which have not found a buyer, as demand for London flats collapses.
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Property agents say there are 22,000 new homes in the capital which have not found a buyer, as demand for London flats collapses.
The popularity of tracker rates has now trebled in the wake of the Middle East crisis, new figures show.
Flats are dropping in value across the country, according to the latest figures from the Office for National Statistics.
Banks usually cap mortgages at 4.5 times the borrower's salary, but NatWest is ramping that up for certain borrowers.
House prices are expected to fall over the coming months, with fewer buyers out house hunting and fewer sales being agreed, estate agents are warning.
New-build flats on their first resale are currently almost twice as likely to be sold at a loss, new research from Property Data reveals.
Thirty-three per cent of new homes in England and Wales were sold before construction was finished last year, down from 36% in 2024, Hamptons said.
House prices have fallen for a second month in a row as the Iran war hits confidence and drives up mortgage costs.
Major mortgage lenders continue to cut mortgage rates, but some brokers are warning that they could be about to rise again.
Stamp Duty abolition could boost housebuilding by a quarter says Shadow Chancellor Sir Mel Stride. And the Conservative policy of scrapping Stamp Duty completely for primary residences could drive a significant increase in housebuilding in the next parliament. In a speech to the Propertymark One annual conference on Friday, Shadow Chancellor Sir Mel Stride set […]
Shadow chancellor Mel Stride has doubled down on his claim that stamp duty should be abolished.
First-time buyers are feeling the brunt of rising mortgage rates with some property insiders fearing it could have dire consequences for the rest of the market.