Property News

Source : telegraph.co.uk Read more…Microsoft declines new cloud customers after promise to Ukraine

Weakening economy, cost-of-living squeeze and rising interest rates are cooling market, index showsThe growth of UK house prices slowed this month, an index shows, as the weakening economy, cost of living squeeze, and rising interest rates cooled the market.Prices were up by 10.7% in June, slowing from 11.2% in May, Nationwide building society said.South-west, […]

Source : telegraph.co.uk Read more…UK incomes face biggest squeeze since 1955 – live updates

Rolling coverage of the latest economic and financial newsIntroduction: House price inflation slowed to 0.3% in JuneNationwide: Tentative signs of a slowdownCrypto crisis: how digital currencies went from boom to collapseUK will face worse inflation than other major economies, says Bank governorTesco faces shortage of Heinz products after row over rising pricesLondon remains the […]

Source : telegraph.co.uk Read more…UK to cut gas supplies to Europe under emergency measures

Source : telegraph.co.uk Read more…UK sets out emergency plan to cut gas supplies to Europe – live updates

Source : telegraph.co.uk Read more…UK faces recession as inflation surges, warns KPMG – live updates

And with it, thoughts of courage and peaceThe seed packages have arrived from Ukraine. Two deliveries to two addresses, work and home, to give them every chance. Many packets from organicseeds.top, in the centre of the war-torn country. Of course I over-ordered, but I feel a need to support them.There’s our favourite Painted Mountain […]

Source : telegraph.co.uk Read more…Putin’s invasion of Ukraine is guaranteed to cause a two-year food crisis, Western officials warn

If you expect the mortgage approval procedure at UK banks to be largely the same as in Hong Kong, you might be in for a not-so-pleasant surprise. Source : South China Morning Post Read more…Buying UK property: here’s a tactic to get faster mortgage loan approval to fund your purchase

Standard variable rate reached 4.91% at the start June – before last week’s rise in base rate by the Bank of EnglandThe average standard variable rate paid by UK mortgage borrowers reached its highest level in 13 years this month, it was revealed on Monday, and last week’s increase in the Bank of England […]

Bank of England feels other measures will play stronger role in guarding against household debtLenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched rules originally designed to avoid another 2007-style credit crunch.The rules, introduced in 2014, were intended to make […]

As rates on shorter-term loans increase, longer-term deals look more attractiveLocking into a 10-year fixed-rate mortgage used to come at a considerable cost but as interest rates on shorter-term home loans have edged up, the price of a decade’s worth of certainty has fallen.This week the best two-year fixed-rate mortgages had a rate of […]

Our tipsters highlight brilliant spaces great and small, featuring Arts and Crafts design and eco-sensitive planting to adapt to the changing climateThe Walled Garden of Scampston, near Malton, offers so much: it’s a series of contemporary garden rooms within the walls of the 18th-century kitchen garden, and has a beautifully restored conservatory, a garden […]

Victoria and Oleksiy Manoylo, who were in Milan when Russia invaded, have poured their trauma into gardenA burnt-out cottage decorated with embroidered cloths and surrounded by swaying barley, designed by a Ukrainian couple unable to return to their war-ravaged village, is set to be one of the unexpected highlights of the RHS’s largest flower […]

Source : telegraph.co.uk Read more…Recession looms as Ukraine war ‘pushes fifth of EU companies to the brink’

Bellway and Crest Nicholson report strong sales despite impact of cost inflationBellway and Crest Nicholson, two of Britain’s biggest housebuilders, have said demand for new houses continues to outstrip supply, pushing up prices and offsetting the rising cost of building materials and energy.Bellway posted strong sales for the four months from 1 February to […]

Myth of affordable housing believed by all age groups, but split likely as young and old move further apart physicallyAlmost half all UK adults believe the collapse in home-buying among young people is caused by them spending too much on takeaway food and coffees, mobile phones, holidays and Netflix, a study on generational divides […]

Source : telegraph.co.uk Read more…UK shoppers ‘hardest hit in Europe’ by price rises, says Poundland owner

Experts give six ways of tackling the biggest problemsTimeline: how did owning a home become unaffordable?How do you fix a housing crisis that has its foundations in policy decisions that go back decades? Unsurprisingly, there is not one answer.The issues of high house prices – illustrated by the large swathes of Great Britain in […]

Annual growth remains at 10.5%, the slowest rate since start of year, says HalifaxThe average UK house price hit a fresh high in May, rising for the 11th month in a row, according to Halifax data, but the annual growth rate slowed in a sign that the cost of living crisis is cooling the […]

Source : telegraph.co.uk Read more…Biggest rail strike in a generation to paralyse UK travel network

Source : telegraph.co.uk Read more…Putin demands Ukraine weakens defences to solve world food crisis 

Peak blooming time is approaching in the UK’s gardens – which do you like to visit most? The best tip wins £200 towards a Sawday’s stayFrom alliums to agapanthus, poppies to peonies, June is perhaps the best time to see spectacular blooms in UK parks and gardens. We’d love to hear about your favourite […]

Source : telegraph.co.uk Read more…Four-day week begins for thousands of UK workers – with no change in pay

We want to hear about your recent experiences of trying to find a house or flat to rent in an overheated marketIt’s no secret that more people are renting, with millions locked out of home ownership in the UK and a recent property market boom ensuring first-time buyers have to save for a larger […]

Proportion of sellers reducing asking price and time taken to sell have both increased, says ZooplaThe average price of a UK home has topped £250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased, according to Zoopla’s latest market […]

People taking part in Plantlife’s conservation project say they have seen plants and wildlife thriveThe conservation charity Plantlife again urged people not to mow their gardens in May to help wild plants and pollinators thrive.As the month draws to a close, we asked some of this year’s No Mow May participants what new plants […]

As the Chelsea Flower Show gets under way, we pick pollinator-friendly meadows and gardens for making a beeline to, from North Uist to the Tower of LondonOne of 23 nature reserves across the UK owned by conservation charity Plantlife that sparkle with wildflowers each summer (use the website’s map to find your nearest), this […]

Hongkongers starting afresh in the UK have to quickly come to terms with the UK’s tax system. While there’s no way to avoid paying tax, there are a few ways to ease that burden. Source : South China Morning Post Read more…A smart way for newly arrived Hongkongers to pay the UK’s global […]

We answer readers’ questions about how the rise in cost of living will affect themThere is no escaping inflation: whether it’s energy, food, transport or entertainment you are paying for, prices are going up – and at pace.Once again this week’s headlines have been dominated by the latest figures – on Wednesday we learned […]

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crashIt took less than a week to sell a two-bedroom garden flat in north London, with a guide price of £950,000. Featuring a large patio, garden, oak floorboards and underfloor heating, it is in a mixed […]

The Government is considering sanctioning Russian billionaire oligarch Alexander Abramov – who has been linked to Putin – but has to work through how it will affect New Zealanders, Foreign Minister Nanaia Mahuta says. Abramov is… Source : nzherald.co.nz/Property Read more…Russia war on Ukraine: NZ ‘considering’ sanctions on billionaire oligarch Alexander Abramov, Nanaia […]

Exclusive: Many tenants aged over 65 are already struggling, Independent Age research findsAlmost two-thirds of tenants over 65 have cut back on their general spending as a result of the cost of living crisis, and campaigners are warning that older people who do not own their homes are particularly vulnerable to rising bills.Research shared […]

Exclusive: RHS says queries about diseases down 45% in good sign for May blooms such as lupins and irisPlant diseases are at their lowest levels in the UK for years because of a cold, dry spring, meaning it could be a bumper year for apples, and popular blooms such as iris are likely to […]

Few foreign investors are aware of the revised legislation, the impact on their residential property portfolio, and how to plan for it Source : arabianbusiness.com Read more…UK inheritance tax net spreads to UAE properties: Have you planned ahead?

Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balanceIt’s two years since concern last swirled around the health of the housing market. Then, estate agents were tentatively setting up socially distanced viewings after the market was allowed to reopen part-way through the first […]

April marks longest run of monthly increases since 2016 as average cost of home reaches record of £286,079House prices rose again in April, extending the longest run of monthly increases in six years, according to Halifax, but the lender said rising interest rates and squeezed household budgets would cool the market over the next […]

People urged to leave out mud pies and dishes of fresh water for migrating birds as temperatures riseThe RSPB is urging the public to get their hands dirty this weekend and create mud pies to help endangered birds such as house martins, swifts and swallows get enough sludge to build their nests.A nine-day mini-heatwave […]

Incredible Edible says a new law could give people better health, wellbeing and access to fruit and vegetablesPeople should be given the right to turn road verges, sterile lawns around hospitals and underused public spaces into vegetable gardens and orchards, say campaigners for a “right to grow” law.Incredible Edible, a network of more than […]

Average price of property in April rises to £267,620, the ninth straight month of growth, says NationwideHouse prices continued to climb in April but the rate of growth is slowing as soaring inflation and the cost of living crisis starts to affect the market, figures show.The average amount paid for a home in the […]

Typical figure in first three months of 2022 was 6.1% higher than a year earlier, standing at £849 a monthMore than one in seven private tenants are “overpaying” to secure a rental property, often because they are desperate or there is nothing else available, research suggests.Average UK rents have increased for the sixth quarter […]

The leaders discussed the need to strengthen joint Arab action and address the crises threatening the region’s security and stability Source : arabianbusiness.com Read more…Abu Dhabi Crown Prince, President of Egypt, and King of Jordan discuss impact of Ukraine crisis

Savills says people are paying close attention to EPCs, and homes with heat pumps sell at a premiumHomebuyers are paying more for properties with heat pumps or other low-carbon technology installed, and are looking closely at energy ratings, according to analysis by the estate agents Savills.Energy-saving credentials are becoming important considerations for people who […]

Christian charity ignored for years complaints of ‘serious hazards’ in rental properties in Hadleigh, EssexThe Salvation Army, one of the UK’s best known and well funded charities, has been accused of acting like “a rogue landlord” by leaving some of its private tenants exposed to “serious” hazards for at least seven years.The Christian organisation, […]

We would like to hear from people who have been served with an eviction notice in the last few yearsTheresa May said she would ban “no-fault” section 21 evictions three years ago, but currently they remain in place. Evictions jumped again last year – after the pandemic eviction ban ended on 31 May – […]

But situation needs looking at in global context because it is not a story of British exceptionalismEaster traditionally marks the start of the annual housebuying season but this year there has been no need for potential sellers to mow the lawn and give the living room a lick of paint because the market’s already […]

Brokers warn soaring bills, tax rises and big hike in cost of household basics have forced lenders to recalculate modelsHomebuyers wanting to take out a mortgage could soon struggle to get the size of loan they need, as banks begin taking into account the cost of living crisis when calculating how much they can […]

RSPB scientists say small increase in sightings points to first signs of recovery of beleaguered speciesGreenfinch populations, which were previously in steep decline in the UK, are showing the first signs of recovery, according to the latest annual RSPB big garden birdwatch results.The citizen science survey gives a good idea of how bird populations […]

Shortage of homes for sale and ‘race for space’ drove average cost to 282,753 in March, says HalifaxUK house prices hit a record of £282,753 in March but are likely to ease over the next year as homebuyers face higher interest rates and the cost of living squeeze, Halifax has said.The average cost of […]

Prices boom across all of UK with average price up by £33,000UK house prices grew at the fastest annual pace since 2004 in March, continuing the ascent to new record levels – a fifth higher than at the start of the coronavirus pandemic.Prices rose by 14.3% in the year to March, the strongest pace […]

Peatlands hold double the carbon of the world’s forests, and scientists, gardeners and campaigners want a ban on peat salesMore than a third of all compost sold in the UK in 2021 was peat dug from carbon-rich habitats, new data has revealed.The Horticultural Trades Association (HTA), which opposes a ban on peat sales, provided […]

Agents have given different advice and even the government’s website doesn’t make things clear for meQ I’ve managed to secure a job as a teacher in Brunei, starting in August, which is very exciting.I’m currently going through the process of getting my house ready to rent out which I will be doing through an […]

Anne Rothschild says the unchecked purchase of homes by overseas investors has helped to drive prices to ridiculous levelsCongratulations to the Guardian and its partners for the asset-tracking project ($17bn of global assets linked to 35 Russians with alleged ties to Putin, 21 March). Let us hope that the whole grubby episode of golden […]

Signs of warm weather have already boosted sales of outdoor items – and a wood pellet BBQ operated by an app is a hot favouriteThere have been fire pits, pizza ovens and even inflatable hot tubs, but now the wood pellet barbecue is the object outdoor lovers are expected to queue up for in […]

DMCC has played a major role in developing UAE-UK trade relations and is currently home to almost 2,000 British companies Source : arabianbusiness.com Read more…DMCC highlights opportunities for British companies in Dubai as UK claims one in five FDI projects in 2021

Oil extended gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel, as Russia cast doubts on the progress of its peace talks with Ukraine Source : arabianbusiness.com Read more…Dubai Ruler orders airlift of emergency aid for Ukraine civilians as UAE Foreign Minister calls for ceasefire in […]

Mortgage holders, house hunters and savers will be affected by the Bank of England raising rate to 0.75%The Bank of England has increased interest rates to 0.75% in an attempt to tackle rising inflation in the UK. That means the base rate is back to its pre-pandemic level. What does it mean for UK […]

UK Prime Minister Boris Johnson shared optimism about Saudi Arabia raising oil outputs, after his meeting with the Saudi Crown Prince, but received no guarantees that it would occur Source : arabianbusiness.com Read more…UK’s Boris Johnson discusses Ukraine crisis with Abu Dhabi, Saudi Crown Princes as oil prices edge higher on US plan to […]

Despite a modest setback at the turn of the year, the UAE GDP is forecast to grow by 6.2 percent in 2022, and 6.7 percent in 2023, backed by expansionary government policy and the surging oil sector Source : arabianbusiness.com Read more…UAE economic recovery on “firm footing” despite Omicron concerns, fallout of Russia-Ukraine […]