UK Property

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices unexpectedly rose again in November, according to data that provides further evidence of stabilisation in the property market as high mortgage rates ease. House prices grew 0.2 per cent between October and November, mortgage provider Nationwide said on Friday. The increase follows a 0.9 per cent expansion in the previous month and a marginal rise in September. Economists polled by Reuters had forecast a 0.4 per cent fall. The Nationwide...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK mortgage approvals rose more than expected in October, according to official figures published on Wednesday that point to a stabilisation in the property market after a prolonged period of low house sales. Net mortgage approvals for house purchases rose to 47,400 in October from 43,700 in September, Bank of England data showed. The number was well above economists’ expectations of 45,000 and the highest since July, but about 28 per cent...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Property sellers are accepting average discounts to asking prices of £18,000, as higher mortgage rates and increased supply create favourable conditions for equity-rich UK buyers.According to data from housing site Zoopla, in the first half of November sellers accepted the largest gap — on average 5.5 per cent — between asking and sales price in five years.Some potential buyers have been priced out of the UK housing market by the increased cost...