UK Property

Dearbail Jordan and Mitchell LabiakBusiness reporters, BBC NewsGetty ImagesUK economic growth will suffer because of US tariff barriers and high interest payments on government debt, an influential global policy group has said.The Organization for Economic Co-operation and Development (OECD) cut its expectations for UK growth this year to 1.3% from the 1.4% it had predicted in March.The think tank has cut forecasts globally due to trade tensions, but said the UK faced particular issues due to its "very thin" buffer in public finances, calling on Chancellor Rachel Reeves to boost...

The UK economy continues to send a blend of cautious optimism and underlying uncertainty, driven by improving domestic indicators on the one hand, and global volatility on the other. For UK property investors, interpreting these mixed signals is critical to shaping resilient strategies amid a fast-moving environment. Recent developments, including the Bank of England’s latest rate cut to 4.25%, a stronger disinflation trend, and real income growth, offer a more stable foundation. Yet persistent geopolitical risk, trade tensions, and structural headwinds continue to weigh on the longer-term outlook. Positive signals:...

LONDON: British house prices in May were 3.5% higher than a year earlier, monthly data from mortgage lender Nationwide showed on Monday, after an unexpected 0.5% monthly increase largely reversed a fall in April.Economists polled by Reuters had forecast a 0.1% monthly increase and a 2.9% annual increase.The seasonally adjusted monthly increase was the largest since December, while the annual gain was the second-smallest since October, after April's 3.4% rise. British property sales surged in March as buyers sought to complete transactions before the end of a partial exemption on...

Keir Starmer arson plot: Fourth man detained at UK airport over property attacksA fourth man has been arrested for being involved in several fire attacks linked to UK Prime Minister Sir Keir Starmer.These fires involved two buildings and a car connected to Starmer, with the aim of putting lives at risk. "The 48-year-old man was detained at London Stansted Airport on Monday and is being questioned on suspicion of conspiracy to commit arson with intent to endanger life, the Metropolitan Police said," reported Sky News.Previous arrests over UK Prime Minister...

House prices in the UK picked up again in May, helped by favourable market conditions for buyers, according to Nationwide Building Society.Prices rose by 0.5% compared to April, when they had fallen by 0.6%. The average property now costs £273,427. On a yearly basis, prices were up 3.5%, a slight increase from April’s 3.4% rise. Nationwide said the market remains “supportive” for those looking to buy. Robert Gardner, Nationwide’s chief economist, said: “Despite wider economic uncertainties in the global economy, underlying conditions for potential home buyers in the UK remain...

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices rose more than expected in May, supported by low unemployment and strong wage growth, the lender Nationwide said. The average cost of a property rose 0.5 per cent between April and May to £273,427, mostly reversing the 0.6 per cent fall in the previous month, showed data released on Monday.Prices rose at an annual rate of 3.5 per cent, up from 3.4 per cent in the previous month....

If you happen to be a celebrity, or relatively unfamous but still with an extremely comfortable income, you may be able to afford a home in Richmond's most exclusive streets. There are near-constant rumours that well-known faces, both from the UK and abroad, are considering a move to the leafy, super-posh area in south-west London. The latest is that Ryan Gosling is buying a property that is currently being renovated. But this is most likely untrue, as a resident told the Express that they know the people who have purchased...

Stoke Bishop is one of the UK’s poshest suburbs and its house prices are a clear reflection of that. With an average property price of £832,090 and some homes being sold for upwards of £2million, the suburb is a hotspot for premium real estate.However, those wishing to live in the area - which according to The Telegraph is one of Britain's poshest - but don’t want to fork out premium prices may be in luck as potential buyers can bag a property for as low as £160k. Currently for sale on...

A traditional UK seaside town has been hailed as the "best" place for Brits to relocate to. Margate on the Kent coast is a leading holiday destination, with visitors flocking to the area for its old-world charm mixed with 21st Century culture, vintage seaside family fun as well as its theme parks and arcades.Located on the north east coast of Kent, the historic seaside town was one of the first resorts to embrace mass tourism and it has cleverly retained the nostalgic essence that first made it popular. Margate's Main...

Phil Rosenberg’s portfolio illustrates how tough it has become for UK landlords. The 44-year-old science researcher owns six properties in Yorkshire. Two are held through a limited company, where interest charges can be offset before tax, and earn a good profit. The remaining four, owned in his name, make roughly £1,000 profit each year — “less than I’d earn for a single shift each month in a bar,” he says. What’s worse is that all are on fixed-rate deals secured before 2022, when mortgage rates were very low. When each is...