UK Property

It has been a long winter for the UK’s commercial property sector, but at last it seems spring is in the air. Savills reports that the vacancy rate in the City and West End of London office property market has fallen from a peak of 9.5% in late 2023 to 7.4%, although it is still comfortably above the long-term average of 5.9%.The rate of growth in online shopping has slowed to the mid-30s in percentage terms, including food, and shopping centres have learned to adapt. Customers see them as a...

Asking prices for homes have hit a "new record high" this month, said The Guardian. In May, the average asking price across the country has risen to £379,517, according to Rightmove – a 0.6% increase from April.But while spring is usually "busiest" for the housing market, things have been more "subdued" than usual in comparison to the first part of the year. This is thought to be down to the number of homes for sale, which has now hit its "highest level in a decade".By contrast, it was a "busy...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain’s National Crime Agency has obtained freezing orders on two London properties owned by the son of an ally of ousted Bangladesh leader Sheikh Hasina, following allegations that her regime embezzled funds.The properties are owned by Ahmed Shayan Fazlur Rahman, the son of Salman F Rahman, a Bangladeshi businessman who acted as an investment adviser to Sheikh Hasina and founded Bangladeshi conglomerate Beximco, according to company and property filings.One is a luxury...

The average property price has dropped to £970,657, a 22% decrease from 2022 when it stood at over £1.2 million.Andrew Quinn Westminster Reporter, Lily Shanagher and Adam Toms09:37, 22 May 2025Businesses in Salcombe rely on tourism(Image: (Image: Getty))The introduction of a £10 daily parking charge has reportedly led to fewer day-trippers visiting Salcombe, Devon's coastal gem recently crowned as the UK's priciest seaside spot. Following a Lloyds report in May 2024, it was observed that Salcombe's average property price had fallen to £970,657, showing a sharp 22% drop from 2022’s...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It’s becoming increasingly difficult to make money from UK property. Tax changes brought in at the end of the last decade have squeezed landlords’ profit margins, and caused some to consider selling up and deploy their money elsewhere.Research from real estate group Hamptons last week found that new buy-to-let investment had fallen to its lowest level since 2007. Across Britain, 10 per cent of home sales went to BTL investors in the...

The March data shows: on average, house prices have risen 1.1% since February 2025there has been an annual price rise of 6.4% which makes the average property in the UK valued at £271,000 EnglandIn England, the March Data shows on average, house prices rose by 1.3% since February 2025. The annual price rise of 6.7% takes the average property value to £296,000. The North East experienced the most significant monthly increase with a movement of 4.2%London saw the greatest monthly price fall, with a fall of -0.3%The North East experienced...

A new poll of over 2,000 UK adults has shown that nearly a quarter (24%) of Gen Z and Millennials say the property they most aspire to is one just like their own parents’Forget millionaire mansions and Instagram interiors, when it comes to dream properties, young Brits are far less rebellious than one might expect. (Image: Brabantia)Forget millionaire mansions and Instagram interiors, when it comes to dream properties, young Brits are far less rebellious than one might expect. A new poll of over 2,000 UK adults has shown that nearly...

Lloyds said in May that the average property price in Salcombe in Devon is £970,657, down 22% when compared to 2022, when the figure stood at more than £1.2 millionSalcombe in Devon is usually a hotspot for tourists(Image: Getty Images)A new £10 parking fee is deterring day-trippers from visiting Salcombe, recently dubbed the UK's priciest coastal spot. Lloyds reported in May 2024 that the average property price in the Devon town has dropped to £970,657, a 22% decrease from 2022's figure of over £1.2 million.Rightmove's August rankings listed Sandbanks and...

LONDON (AP) — A third suspect has been charged with arson over a series of fires targeting property linked to U.K. Prime Minister Keir Starmer, police said Wednesday.Petro Pochynok, 34, has been charged with conspiracy to commit arson with intent to endanger life. The Ukrainian national is scheduled to appear at London’s Westminster Magistrates’ Court on Wednesday morning.Two other men have already been charged with setting fire to Starmer’s personal home, along with a property where he once lived and a car he had sold. They are Ukrainian national Roman...

LONDON — A third man was arrested Monday for a series of fires that targeted property linked to U.K. Prime Minister Keir Starmer, police said.The unnamed 34-year-old was arrested in Chelsea, west London, on suspicion of conspiracy to commit arson with intent to endanger life, Metropolitan Police said.A 26-year-old man was arrested on the same charge Saturday, the day after Roman Lavrynovych, a Ukrainian national, appeared in court on charges of setting fire to Starmer's personal home, along with a property where he once lived and a small SUV he...