UK Property

UK Property

Record UK home insurance claims after storms cause damage

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A barrage of storms left UK home insurers facing claims for £226mn of weather-related damage in the first quarter of this year, a record high since the data began to be tracked in 2017.Property insurance claims have now topped £100mn for seven quarters in a row, data from the Association of British Insurers showed on Wednesday, £67mn higher than the previous quarterly record set in 2022.Louise Clark, a policy adviser at the...
UK Property

Property scams: what are they and how to avoid them

Fraudsters employ many tactics to con you out of your cash – almost £9m was lost in 2024 to rental fraud alone. According to insights shared by property company Sell House Fast, property-related fraud continues to target home buyers, sellers and renters.Below, we look at the most common property scams and explain how to spot and avoid them.Sign up for scam alertsOur emails will alert you to scams doing the rounds, and provide practical advice to keep you one step ahead of fraudsters.Sign up for scam alerts1. Fake buyer scamsScammers pose...
UK Property

North East property market defies national trends as new builds rise by 33%

"When a town shows both rising prices and growing sales volume in this climate, that’s a signal"- Andrew Boast - SAM Conveyancing A new report from SAM Conveyancing reveals that the North East of England is outperforming the rest of the country in terms of property price growth, with new builds seeing a sharp 33% increase in value over the past year. This stands in contrast to other regions where the housing market has slowed due to ongoing affordability challenges. The report indicates that, in the year leading...
UK Property

Inside fairytale property with own moat located in unexpected part of UK

Every so often a property comes on the market that is like something straight out of a fairytale book, and this seriously lavish home definitely makes the cut - even featuring its very own moatGidlow Hall dates all the way back to the 16th century(Image: JACKSON-STOPS/RIGHTMOVE)This luxurious property takes fairytale to the next level - and it even boasts its own lake and moat. The gorgeous home of Gidlow Hall is seriously picturesque, with stunning character features that demonstrate its rich history, immaculate gardens, a gorgeous roof terrace, and its...
UK Property

UK property becoming safe haven by default

By Tom Bill, head of UK residential research at Knight Frank International buyers and tenants are looking more closely at the UK due to economic instability and political uncertainty elsewhere in the world. You would probably sell a £1.5 million house in Dulwich more quickly than a £7.5 million house on the edge of Hyde Park at the moment. The tariff turbulence of recent weeks has put downwards pressure on mortgage rates as the Bank of England is expected to cut more proactively to support the UK economy, starting with...
UK Property

Knight Frank    – Mortgage Strategy

International buyers and tenants are turning to the UK property market as a “safe haven” following the chaos caused by Trump tariffs, says Knight Frank.   Sharp falls across global markets caused by the uncertain direction of US trade policy has boosted trusted asset classes such as UK real estate.  Knight Frank head of UK residential research Tom Bill says: “In simple terms, Donald Trump has made buying a house in the UK slightly cheaper.”  “The tariff turbulence of recent weeks has put downwards pressure on mortgage rates as the...
UK Property

Property expert shares ‘hard truths’ everyone needs to hear before selling home

The expert shared the 'tough facts' sellers need to hear as homeowners keep making 'the same mistakes over and over'The expert shared advice for homeowners keen to sell (stock photo)(Image: Getty)A property expert has warned that homeowners make "the same mistakes over and over" when trying to sell their property. Terry Fisher, from We Buy Any Home, acknowledged that the UK housing market is experiencing turbulent times.However, the expert says he's identified the tough facts sellers need to hear before taking the plunge to maximise their chance of success. Terry...
UK Property

How Rightmove became ‘The Argos catalogue for adults’

People are casually browsing Rightmove with no intention of buying a house (Picture: Metro/ Getty) ‘My husband thinks I’m a tad unhinged,’ says Georgia Lewis, 49. ‘When I should be working, he’s caught me on Rightmove and asks: “What are you looking at now? Oh more property porn.”‘ Although Georgia has no intention of selling her London home anytime soon, she admits to scrolling through property websites at least a few times per week.  ‘I live a very rich fantasy life when it comes to houses I’m never going to...
UK Property

UK house prices fall in April as stamp duty taxes rise, data shows

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...
UK Property

Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million

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...
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