UK Property

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...

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...

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....

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...

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...