UK Property

The shortfall between the average salary needed to buy the average home in an area and the average salary of someone living in that area varies across the country08:07, 10 Mar 2025Updated 08:49, 10 Mar 2025House prices have continued to rise over the years(Image: In Pictures via Getty Images)Prospective homeowners in the UK need to earn £53,600 a year in order to be able to afford the average property.Homes bought in the year to December 2024 cost their new owners £268,000 on average, according to the latest figures from the...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity firms are circling the UK’s beleaguered listed real estate trusts. The interest could help breathe life into the sector after years of underperformance.Assura, which specialises in GP surgeries and other healthcare buildings, on Monday said it had received an indicative takeover proposal from KKR and Stonepeak Partners and was minded to recommend a deal. Meanwhile, Blackstone and Sixth Street have made several proposals for Warehouse Reit. Executives at other firms...

The town was named seventh in a list compiled by property website Rightmove where people looking to get their first home would find the most affordable locations.11:02, 10 Mar 2025Updated 12:21, 10 Mar 2025Paisley has been highlighted as an affordable location to buy a first-time home(Image: Andrew Neil)Paisley has been named among the cheapest places in the UK to buy a first-time home.The town was named seventh in a list compiled by property website Rightmove where people looking to get their first home would find the most affordable locations. The...

Farming union members from across Wales were at the Senedd for a debate on the UK Government's controversial changes to Agricultural Property Relief (APR) on Wednesday, March 5, The Farmers’ Union of Wales (FUW) and National Farmer Union Cymru members were in the Senedd, lobbying Welsh politicians to press for the UK Government to review their far-reaching changes.The debate, tabled by Plaid Cymru, called on the Welsh Government to make representations to the UK Government to reconsider and pause the family farm tax until they have conducted a thorough consultation and...

A stunning coastal location that's famous for its millionaires' mansions has been pinpointed for its plummeting property prices. New research has uncovered that some of the UK's most popular coastal areas have house values that are very much on the decline.Poole, in Dorset, is home to Sandbanks, which is one of the most affluent neighbourhoods - not only just the UK but also the world. Sandbanks boasts an award-winning beach that has been dubbed as "Britain's Palm Beach". The neighbourhood is a predominantly residential area, with homes selling for millions...

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video President Trump’s prized golf club has been vandalised with ‘Trump is a c***’ and ‘F*** Trump’ graffiti. Pro-Palestinian activists targeted Trump Turnberry, located in South Ayrshire in Scotland, overnight and damaged the greens on several of the courses. Palestine Action labelled the damage a ‘direct response to the US administration’s stated intent to ethnically cleanse Gaza’. They group used blood-red graffiti to deface the elite 800-acre resort, which has held the sport’s...

Prime Minister Starmer promised to “secure the highest sustained growth among the G7 nations” prior to last year’s general election. However, under the new government, the UK economy continues to struggle to grow. GDP growth was positive in the first half of 2024, but stalled in the second half. The third quarter of 2024 experienced 0.0 percent growth compared to the previous quarter, although it was forecast to be at least around 0.1 percent. The UK’s service sector recorded a 0.1 percent decline, with the financial and insurance sector, which...

A once-booming village in the north of England that fell into decline following the closure of its local mine in the late 80s has houses nearby on sale at auction for as little as £10,000.Horden, in Durham, had been a mining community prior to the closure of Horden Colliery in 1987 and the collapse of the industry.By the 1930s, Horden Colliery had been known as the "jewel in the crown" of the region and was Britain's largest-producing coal mine in Britain.Since the closure the area has struggled economically and suffered...

New research has found Scottish towns are the cheapest in the UK for first-time buyers.Analysis from property website Rightmove also found that a typical monthly mortgage payment on a first-time buyer property is £350 more than five years ago.Scottish towns made up half of the top ten list of lowest-priced areas across the UK for first-time buyers.Kilmarnock in East Ayrshire was the most affordable, with a typical first home costing £84,325.Greenock and Paisley both come in at under £100,000, and East Kilbride and Ayr are just over.Across Scotland, the average...

The Financial Conduct Authority will take a look at simplifying the rules around getting a mortgage in a bid to help people struggling to get on the property ladder14:34, 07 Mar 2025Updated 14:52, 07 Mar 2025FCA chief executive Nikhil Rathi said firms have the flexibility to help more people become homeowners (Image: PA Archive/PA Images)The financial watchdog is gearing up to take "swift action" on making mortgages more accessible, with plans for a discussion about the future of the mortgage market this summer.Come May, the Financial Conduct Authority (FCA) will...