Economics
Mainstream property market sees ‘renewed deterioration’ as buyer enquiries fall again – RICS
'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist;
‘Holiday homes loophole’ to cost councils £170mn this year
'The problem is not second homeowners, it is politicians failing to understand the issues and having the courage to do something about it,' says top property agency.
Five parts of the economy that are hit when house prices fall
Finance professor Anandadeep Mandal explores what the UK's cooling housing market could mean for the wider economy.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Beauchamp Estates, ONS, The Buying Solution, OnTheMarket, Knight Frank & more...
Industry Reactions: Bank of England raises base interest rate to 5%
'If we don't raise rates now, it could be worse later,' explains Bank of England chief, as interest rates climb to a 15-year high.
Currency Matters: Pound nears 14-month highs against USD as rate hike looms
David Huggett runs through the latest movements and looks at the likely impact of another tumultuous week on the money markets...
Tom Bill: Nerves & mortgage rates rise ahead of inflation data & Bank decision
Rates are increasing as financial markets price in a period of more stubborn inflation, says Knight Frank's head of resi research.
Valuation Viewpoint: The future is here
Rapidly evolving tech will have profound implications for those in professional services, says James Wyatt.
Mortgage lending tumbled by 16% in Q1
'Lenders are all doing less business than they would like to be, and have shown willingness to absorb some volatility in order to remain competitive,' says Knight Frank Finance after checking the latest…
Tom Bill: Jobs market holds clues about direction for house prices & mortgage rates
What happens to core inflation will determine how much higher the Bank of England will push rates, says Knight Frank's head of UK resi research.
Larger homes are taking ‘considerably longer’ to sell
'One of the early underlying trends of 2023 and a direct effect of higher mortgage rates has been strengthening demand for smaller homes,' says Hamptons, as the housing market slows down.