GCC investors could bet on the UK property market to hedge their future
GCC investors could bet on the UK property market to hedge their future The UK property market, renowned for its...
UK Property
UK house prices rise unexpectedly on scarcity of supply, says Nationwide
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices rose unexpectedly last month, supported by a lack of properties for sale, according to the mortgage provider Nationwide.House prices increased 0.9 per cent between September and October, the first monthly rise since April and the largest since March 2022, according to data published on Wednesday. Economists polled by Reuters had forecast a 0.4 per cent fall. House prices were still 3.3 per cent down from October last year, but...
Buying a home is becoming a luxury for ordinary British people
A large majority of people aspiring to buy a house in the UK find that homeownership is reserved for the...
UK house prices rose unexpectedly in October, index shows | Housing market
UK house prices unexpectedly rose last month, according to Nationwide building society, with some economists who had predicted a fall...
How investors lost their love for UK property funds
Investors in UK property funds have had their ups and downs since the Brexit vote. Now they are losing patience.Last week, fund manager M&G announced plans to close its £565mn property fund and return cash to clients, citing declining interest from retail investors. A day later, St James’s Place suspended trading in its £829.5mn property unit trust after a surge in redemption requests. A third property fund, run by Canada Life Asset Management, at the beginning of the month announced plans to close for the same reason. “Following recent redemption...
UK property prices have been diving deep and fast
What’s going on here?Data out on Monday showed that British property sellers are taking the scissors to their asking prices.What...
UK Property Funds: The Long Goodbye?
The news that fund house M&G is to close its open-ended property fund, which was one of the biggest on...
Cash buyers keep top end of London’s property market ‘robust’
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.The market for London’s most expensive homes has remained “robust” this year, highlighting the resilience of wealthy cash buyers in the face of a wider slowdown in the UK property market owing to high mortgage costs, according to the agency Savills.There were 390 sales of properties worth £5mn or more in the capital in the first nine months of the year to September, according to data collated by the estate agent....
UK house prices drop 13.4% from peak in real terms
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.Inflation has masked the true extent of recent falls in UK house prices, with many regions and nations of the UK no better off in real terms housing wealth than on the eve of the 2008 financial crisis, research has found. UK house prices have fallen by a modest 2.8 per cent in nominal terms since their peak in March 2022, but 13.4 per cent in real terms, according to analysis of...
UK estate agents gloomiest in 14 years as house prices and sales fall
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.House sales and prices fell across the UK in August as high mortgage rates hit property demand, leaving estate agents at their gloomiest about the market in 14 years, according to a leading survey published on Thursday. The Royal Institution of Chartered Surveyors said its house price balance, which measures the difference between the percentage of surveyors seeing rises and falls in home prices, fell to minus 68 last month from...