UK Property

UK Property

UK house prices return to growth in May despite rise in mortgage rates

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices returned to growth in May despite a rise in mortgage rates that has damped the recovery, according to data published on Friday.The lender Nationwide said house prices increased by 0.4 per cent between April and May, following two consecutive months of decline, taking the annual rate of growth to 1.3 per cent.Robert Gardner, Nationwide’s chief economist, said the market was “showing signs of resilience” as stronger real wage...
UK Property

Rent controls will not fix Britain’s housing crisis

Stay informed with free updatesSimply sign up to the UK property myFT Digest -- delivered directly to your inbox.For every complex problem, quipped the American satirist HL Mencken, there is an answer that is neat, plausible and wrong. There could be no better verdict on rent controls as a solution to the problems of Britain’s private rented sector.Too bad, then, that Labour politicians are sending conflicting signals on the issue as the election nears. While the official Labour line is that rent controls are not party policy, shadow chancellor Rachel...
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