UK Property

UK Property

The housing crisis is still being underplayed

Stay informed with free updatesSimply sign up to the Residential property myFT Digest -- delivered directly to your inbox.One of the most powerful cultural myths of the English-speaking world over the past century has been the belief that if you work hard, you’ll earn enough to buy yourself a house and start a family.For a long time, it held true. Between the end of the first world war and the turn of the millennium, rates of home ownership climbed rapidly in both Britain and the US, topping out at about...
UK Property

Cautious UK homebuyers force correction in sellers’ price expectations

Stay informed with free updatesSimply sign up to the Property sector myFT Digest -- delivered directly to your inbox.Sellers of UK residential property are expected to rein in lofty price expectations this year as buyers remain cautious despite falling mortgage rates, according to agents and housing market experts.“I think those sellers who had pinned their hopes on doing the kind of extraordinary transactions that happened in the bullish times have had to get real,” said Roarie Scarisbrick, a partner at buying agent Property Vision. “Some of the froth is dissipating....
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