The Market
The mini-Budget: What next for mortgages?
The government needs to calm financial markets as well as voters ahead of the next general election, says Tom Bill.
Property sales supply picks up, but still out-paced by buyer demand – Propertymark
'The number of properties available to buy is recovering from the mad dash we had before,' says Propertymark boss Nathan Emerson.
The rental market is ‘a pressure cooker getting hotter’ – Propertymark
77% of letting agents reported rising rents in August, says industry trade body.
The housing market ‘is slowly transitioning to a buyers’ market’ – Zoopla
Higher mortgage rates are reducing home-buying power by "as much as 28%", warns property portal.
UK house prices ‘could easily fall 10% to 15%’, suggest economists
Economists expect interest rates to spike and house sales to tumble - meaning the last year's worth of aggressive property price growth could be rolled back.
Interest rate rise ‘motivates two-thirds of home movers to act now’, claims estate agency
Rising mortgage rates are "driving homeowners to sell now rather than wait until 2023," says Jackson-Stops, noting that this is "boosting housing stock across the country and in turn, helping to balance…
Labour sets ambition to raise UK home ownership to 70%
Home ownership is "the bedrock of security and aspiration," says Keir Starmer.
Welsh Government updates Land Transaction Tax rates
Wales is cutting the Land Transaction Tax for lower-value homes, while raising rates for properties above £345k (the top c.15% of the market).
Ollie Marshall: How the past few years have created a ‘perfect storm’ for dollar-based purchasers
Neighbourhoods with the greatest international appeal are likely to outgun mainstream UK markets for the foreseeable future.
One in three high-value homebuyers now buys beyond London
"The days of London being the default location of choice for high-value house purchases are increasingly behind us," says Search Acumen boss Andy Sommerville, "as big spending homebuyers look to invest …
Rich pickings for US buyers in Knightsbridge, Chelsea & Notting Hill as sterling takes a pounding
It may be world famous as a luxury retail destination, but Knightsbridge has emerged as the discount capital of PCL for dollar-based property buyers
Major mortgage lenders pull products amidst market turmoil
Virgin Money, Halifax and the Skipton Building Society are amongst those to have pulled mortgage products.