Housing stocks to explore as London rents soar to 40% of average pay

Highlights:,The number of empty shops across the UK is falling, but it is yet to reach the pre-pandemic levels.,The latest numbers show that the overall vacancy rate slipped to 13.9% in the July-September quarter.,Amid the falling consumer ...

• As per Halifax data, the price of a typical home in Sheffield stood at £192,090 in January.

Rightmove claimed that first-time buyers were the hardest hit category amid this rising uncertainty.

Storm clouds can be seen in the deterioration of short-run expectations for both house sale as well as prices, said RICS chief economist.

It took 52 days on average for the sale of homes last year, as per property website HomeOwners Alliance.

Highlights:,Property sales in the UK collapsed at the fastest rate in September since the COVID-19 pandemic.,The latest data comes as mortgage rates have already breached the 6% mark.,Mortgage,rates in the UK have been soaring due to antici ...

The most crucial element for the housing market this autumn is the latest hike in mortgage rates faced by new borrowers, as per Zoopla.

Middle and high-end market sectors have primarily driven the growth in prices this month.

During the pandemic phase, there was a rise in the stamp duty threshold for supporting the stimulation of the property market.

2023 will probably be a tough year for Britain’s housing segment, with 6.2% peak yearly contraction projected in the third quarter.