Home buyers with mortgages to lose buying power next year

Highlights:,Housing rates in the country jumped by 15.5% in annual terms in July.,The prices are expected to rise further this year due to interest rate hikes by the Bank of England.,The UK,property market,is showing signs of a cooldown, but that isn't st...

Highlights:,High inflation and interest rates are still unable to quell the demand for property in the capital London.,House prices in London are expected to rise by another £27,000 by the end of 2022.,The,British property market,is showcasing signs of a ...

It is believed that majority of the private rental properties in the UK do not incorporate utilities in the rent.

Highlights:,House sales in July rose 6% against the same period in 2019, the latest data has revealed.,The jump in sales came despite the UK property market showing signs of a cooldown.,The,property market in the UK,is showing signs of a cooldown amid the...

Highlights:,Housing prices in the UK saw sluggish growth in June, hinting at the slowdown in the housing market.,The latest data from the ONS shows the average house price in June reached £286,000.,House prices in the UK witnessed a sharp slowdown in June...

Even though the demand has started to fall, the average price of UK homes is still rising due to stock shortfalls.

Highlights,Britain’s construction industry reported first slowdown in 18 months in July due to rampant inflation, higher interest rates, fragile consumer confidence and recession fear.,The latest S&P Global/CIPS UK construction purchasing managers’ index ...

Millions of homeowners are facing hikes in mortgage costs amid the rising inflationary pressures.

As per Zoopla’s index for June, the value of an average UK property stands at £256,000, up by 8.3%.

England hasn’t witnessed a purchase affordability ratio of 8.7 since 1999.