Cost of living crisis
US rate hike emphasises UK is far from ‘out of the woods’
Experts from both sides of the pond say predicting where interest rates will peak and if they’ll fall again is key.
Nationwide reveals biggest annual house-price fall since 2009
UK house prices decreased 8.8% in July, representing the largest fall on record since 2009, according to Nationwide’s index.
Businesses must predict household vulnerability during cost-of-living crisis
In the latest episode of PropCast, Andrew Teacher sits down with data science firm Outra’s Peter Jackson and the Vulnerability Registration Service’s (VRS) Helen Lord to discuss a new partnership from the two organisations which suggests that nearly 2.5 million British households are at high risk of vulnerability.
Jefferies’ Mike Prew on the stubborn market
As the holidays approach, every parent’s car journey nightmare is kids at the end of their tether with choruses of “Are we there yet?” REIT share prices are being defined by stubborn inflation but the UK, it seems, is also nowhere near arriving at the 2% target.
Blend’s David Alcock on why Sunak cannot afford to put housing on the backburner
At a time when Britain is suffering from a severe housing crisis, especially in the most prosperous places in the Greater South East, this government has taken an increasingly anti-housebuilding and anti-business policy environment stance that is threatening to leave thousands of much-needed new homes on the drawing board and ...
House prices fall at fastest rate in 12 years, Halifax finds
House prices fell at the fastest annual rate seen in 12 years in June, according to the latest Halifax index.
Halifax reports first annual UK house price drop in over a decade
Halifax has reported the first annual decline for UK house prices in over a decade, with the price of an average home down 1% compared with a year ago.
Property’s contribution to UK economy shows healthy recovery
The property industry’s contribution to the UK economy showed a healthy recovery from the impact of the Covid-19 pandemic in 2022, with higher levels of jobs, outputs and turnover, tax revenue to the exchequer and capital investment, a report from the British Property Federation (BPF) shows.
Prime central London housing shines amid economic gloom
While the wider market outlook is uncertain, overseas buyers are driving a boom in high-end London housing.
Self-storage market turnover set to exceed £1bn in 2023
Revenue in the self-storage industry is set to exceed £1bn for the first time in 2023 despite the cost-of-living crisis, according to Cushman & Wakefield and Self Storage Association UK.
House prices continue to ‘defy the odds’ following March uptick
Halifax’s price index showed the average house price rose 0.8% in March, following a 1.2% rise in February, suggesting that prices ‘continue to defy the odds’, according to Quilter mortgage expert Karen Noye.
Asset price plunge sees £200bn wiped off CRE values
A total of £210bn has been wiped off the value of Britain’s commercial real estate (CRE) in the past nine months after valuations fell “faster” than the 2008 financial crash, according to the Centre for Economics and Business Research (Cebr).
