UK Property

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices contracted further than expected in April, posting the steepest monthly fall in 20 months, as a tax levied on property purchases increased, according to lender Nationwide.Prices fell 0.6 per cent month-on-month in April, below the zero growth forecasted by economists polled by LSEG, taking the average house price to £270,752, data showed on Wednesday. This was the largest monthly drop since August 2023, when prices contracted at the...

The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to £4.8 million (S$8.4 million) in Q1 2025, from £4.4 million.Revenue for the quarter inched up 0.6 per cent to £9.3 million, from £9.2 million in Q1 2024, said the manager in a bourse filing on Wednesday (Apr 30). Net property income in Q1 2025 rose 24.4 per cent to £10.4 million, from £8.3 million in the corresponding period of the previous year. The distribution per unit for the quarter...

The appeal of managing your own buy-to-let portfolio has been hit in recent years with increased taxes and restrictions on reliefs that have dented landlord profits, as well as increased regulations.The Renters’ Rights Bill currently going through Parliament will also introduce tougher requirements to evict renters and limit mid-contract rent rises. All this is driving many landlords to exit buy-to-let.But the returns from property can still be attractive, especially compared with volatile stock markets.Luckily, there are ways to invest in property without the added responsibilities and headaches of being a...

Escape to the Country made a delightful return to our screens with a fresh episode on Tuesday (29 April). The episode featured Sonali Shah guiding a couple through the scenic landscapes of North Yorkshire in search of their dream home.Marcus and Nicola, looking to shift from Halifax to the countryside after their two eldest children left home, had a generous budget of £850,000 for their ideal abode.Their wishlist included three bedrooms, an office space, a minimum of half an acre of land, and the possibility of entering the holiday let...

There has been a surge in the number of property industry firms reporting ‘critical’ financial distress, the UK’s leading corporate rescue firm has revealed. Begbies Traynor says there was a 12% rise in the number of companies significantly struggling within the real estate and property management sector. The figures is within the firm’s ‘Red Flag Alert’ report which provides a regular quarterly snapshot of the nation’s corporate health, saying increasing numbers of businesses across many sectors including estate agency are struggling as the economy heads towards major tariff and tax...

It’s now official: Hartlepool tops the list as the most affordable coastal town to buy a home in England according to Zoopla. Situated along the wondrous North Sea coast, Hartlepool is rich in maritime history and offers a welcoming community vibe.With its relaxed pace of life and a cost of living that’s easy on the wallet, it’s a place where both locals and newcomers can thrive. The town is well-connected, with excellent transport links to Newcastle, Durham, and Middlesbrough, allowing residents to enjoy coastal living without sacrificing access to larger...

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One hopeful buyer on Escape to the Country was disappointed when her dream home fell short due to a significant issue she refused to overlook.In Monday's episode (April 28) of the beloved BBC programme, host Denise Nurse helped a prospective buyer find her ideal North Yorkshire home.Former florist turned funeral celebrant, Kate, desired to relocate from Aldridge, West Midlands, to be nearer to family and spend more quality time with her two-year-old grandson.Her best friend Judy, whom she met during her floristry days, joined her in the property hunt. The...

Stay informed with free updatesSimply sign up to the Property sector myFT Digest -- delivered directly to your inbox.The UK has collected just 3 per cent of financial penalties issued to offshore companies that failed to comply with transparency legislation designed to uncover illicit wealth hidden in the property market.The figures, released to the Financial Times by Companies House, showed that of the 444 fines issued to companies for non-compliance with the Register of Overseas Entities since January 2023, just 14 were collected. Transparency campaigners said that while the creation of...

Channel 4 A Place In The Sun star Leah Charles-King recalled one terrifying moment where she was ‘trapped’ inside a house she was viewingLeah recalled one terrifying moment where she was ‘trapped’ during filming(Image: Channel Four Television Corporation)A Place In The Sun star Leah Charles-King has offered an insight into shooting the popular Channel 4 series. The 32 year old TV presenter recently shared a harrowing experience during production when she found herself 'trapped' in a bathroom.Leah gave her followers a behind-the-scenes look at filming challenges by posting a video...