Property News

Nurse with four children challenges the practice after landlords and letting agents refuse to rent to them Blanket bans on letting properties to families with children discriminate against women and are against the sector’s code of practice, the Property Ombudsman has ruled, after an NHS nurse and mother challenged the practice.Lexi Levens, 33, and […]

Some bystanders mistakenly thought the trees fell from a landslip event. Source : nzherald.co.nz/Property Read more…Owner of m Herne Bay cliff home: Pre-emptive pōhutukawa felling beat cyclone threat

Latest Rightmove survey concludes market on ‘much more stable footing’ than many had thoughtAverage house prices have risen by nearly £3,000 this month as the property market continues to resist predictions that the UK’s lacklustre economic performance will cause a significant slump during 2023.Despite low growth and historically high mortgage rates, which have prompted […]

We would like to speak to people in the UK who have had an artificial lawn fitted amid a rise in sales of plastic grassArtificial grass has become increasingly popular since the pandemic with global sales predicted to reach £4bn by 2027.We are interested in speaking to people who have had plastic lawns fitted. […]

Some landlords are hiking rents in response to requests for repairs – too many see their tenants purely as sources of profitThe flat was always going to be damp; they’d come to terms with that. But water dripping from the ceiling and fur growing on the walls seemed like a problem for the landlord […]

Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowingHomeowners in the UK are nearly £500 better off a year than renters, according to new research from Halifax.The average monthly cost of owning a three-bed home for first-time buyers is now £971, which is £42 […]

The move would protect deposits without taxpayer support Source : arabianbusiness.com Read more…Silicon Valley Bank UK arm rescued in private sale to HSBC

The Bank of England announced late on Friday that it planned to use its bank insolvency procedure to resolve Silicon Valley Bank UK Source : arabianbusiness.com Read more…UK seeks to tap Middle East buyer for Silicon Valley Bank

Exclusive: Developers furious at levelling up secretary’s public chivvying over contracts they say they have yet to receiveA row has broken out between Michael Gove and major British housebuilders over the government’s attempts to make developers retrofit buildings with safer materials in the wake of the Grenfell fire.The levelling up secretary has given developers […]

Rics data for February shows improvement in new buyer inquiries and salesThe UK housing market remains in decline but there are some signs of stabilisation, with an improvement in new buyer inquiries and sales last month, according to surveyors.Many told the Royal Institution of Chartered Surveyors (Rics) that a return of optimism, and lower […]

Average monthly increase of 1.1% to £285,476 in February, after falls in previous two months, says HalifaxUK house prices picked up in February from the previous month as recent reductions in mortgage rates helped to stabilise the market, according to the lender Halifax.The average house price rose 1.1% to £285,476 last month compared with […]

Royal Horticultural Society links spread of orchard infections to heatwave with trees still at riskThe UK’s fruit trees are under threat as a result of the climate crisis because plant diseases that thrive in warm weather are becoming more common.Each year, the Royal Horticultural Society (RHS) compiles a list of the most common plant […]

Lobbyist who warned of landlord ‘exodus’ found to have acknowledged to allies sector is actually growingPrivate landlords have been accused of “making up stories” about the state of the rented sector in an attempt to persuade the government to scrap UK tax measures forecast to cost them close to £1bn a year.The allegation came […]

From Bray, a town awash with Michelin stars, to ‘seafood heaven’ in Whitby Continue reading… Source : theguardian.com Read more…Homes for sale near UK foodie hotspots – in pictures

Spawning sites in east and south-west will need unusually wet spring for tadpoles to surviveThe recent warm spell brought the first sightings of frog spawn in Bedfordshire, but amateur recorders have expressed alarm at the state of breeding sites. Last year’s drought and relatively low winter rainfall has left many favoured ditches and ponds […]

Tens of thousands of borrowers had their loans sold on to providers at which they were unable to switchThe UK government made a £2.4bn “profit” when it pushed tens of thousands of mortgage borrowers “into poverty” after selling their loans on to new lenders, the campaigner Martin Lewis has claimed.The MoneySavingExpert founder was speaking […]

An end to ultra-low rates mean borrowers can only afford smaller mortgagesBank taking ‘wait and see’ stance to more rate risesUK house prices fall at fastest annual rate since 2012Since the turn of the year the news on the economy has been less bad than expected. Growth has been a bit stronger, spending in […]

Approvals at lowest since 2009 – bar during Covid lockdown – as demand for new homes continues to fallBritain’s mortgage market has contracted for a fifth month in a row, official figures show, as the jump in interest rates that followed Liz Truss’s September 2022 mini-budget continued to trigger a collapse in demand for […]

U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and sharpest contraction since November 2012. Source : cnbc.com Read more…UK house prices post sharpest annual fall for a decade

Year-on-year February 1.1% decline comes as average price of home drops to £257,406, says NationwideAnnual house price growth in the UK turned negative in February for the first time in almost three years, Nationwide data shows, falling to its lowest level since November 2012.The year-on-year 1.1% fall in prices represented the first annual decline […]

Values lowered for more than 40% of properties on Zoopla to attract ‘price-sensitive’ buyersUK home sellers are having to shave an average of £14,000 off the original asking price as the market continues to cool, data shows.The property website Zoopla also said that in the face of weaker demand, more than 40% of the […]

Annual rise of £425bn smaller than in previous two years, says Savills as it predicts fall in house prices in 2023The total value of all homes across the UK has reached a record high of £8.7tn but rising mortgage costs are likely to lead to a dip in 2023.The country’s 30m homes were valued […]

How the property markets around the world are faring and what is behind the global slideAcross the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost […]

Buying a house in rural Britain may be appealing after renting in densely populated Hong Kong, but property isn’t cheap there, and a lot of legwork may be needed to find the ideal home. Source : South China Morning Post Read more…After 28 years mostly renting in Hong Kong, this Englishman wanted his […]

We are particularly interested in hearing from people in the north of England and in the Midlands We would like to speak to prospective and recent first-time buyers about their experiences of purchasing their first home.We are particularly interested in hearing from people in the Midlands and in the north of England. Have you […]

Searches for travel destinations are up 185% as compared to the previous year Source : arabianbusiness.com Read more…UAE holidays 2023: India, Pakistan, UK among top travel destinations

On Monday, the movie’s production house Yash Raj Films (YRF) said that the SRK-starrer ‘Pathaan’ became the highest-grossing Hindi film (original language) in the history of cinema Source : arabianbusiness.com Read more…Shah Rukh Khan-starrer ‘Pathaan’ set to make new record, to cross .2bn this week, say analysts

UAE workers are in demand from employers around the world, remote work opportunities available Source : arabianbusiness.com Read more…UAE workers wanted by firms in US, UK, Canada and Israel

Dubai Government fully redeems Sukuk launched in 2013 Source : arabianbusiness.com Read more…Dubai repays bn of Sukuk

UAE investors eye oil and gas stocks in the UK Source : arabianbusiness.com Read more…UAE investors can’t get enough of these 5 UK stocks

Amid a debate about what is happening to the housing market, what are your options?We are in the grip of a mortgage price war, according to some experts – but it probably won’t feel like that if you are staring down the barrel of much higher monthly payments.It is certainly fair to say that […]

RHS gardeners say buds on trees suggest glorious spring blooms and season will potentially last longerThe UK is expected to have a spring of beautiful blossom, after a heatwave followed by a cold early February set the trees up for peak condition blooms.Gardeners at the Royal Horticultural Society (RHS) have been studying the buds […]

Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body RicsProperty sales and house prices continued to decline across the UK in January, while new buyer demand and fresh listings were also down, surveyors have reported.A net balance of -47% for new buyer inquiries was reported, down from -40% […]

Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautiousBritain’s largest housebuilder, Barratt Developments, has reported grounds for optimism in the UK housing market after an increase in sales in January – but it said the trading outlook for 2023 remains “uncertain”.Barratt has seen a “modest uplift” in reservations of […]

Halifax figures show average house price largely unchanged in January at £281,684UK house prices were roughly flat in January, having fallen in the previous four months, according to Halifax.Average prices were stable at £281,684 last month, the lender said, after sharp falls of 1.3% in December and 2.4% in November. Continue reading… Source […]

As the base rate reaches 4%, we hear from people concerned about rising mortgage costsChris Felix-Hill, 47, and his wife, Adeline, from Steeple, Essex, are struggling to keep alive their dream of one day becoming homeowners, after “demoralising” house price rises during the pandemic and yet another interest rate rise from the Bank of […]

A legal loophole means the identities of many foreign individuals – as opposed to companies – owning property in Britain are still unknown to the publicWhen Vladimir Putin launched all-out war on Ukraine a year ago, the British government realised that letting Russian oligarchs buy large chunks of west London had been foolish. The […]

Average cost of home now 3.2% below August 2022 peak as mortgage demand slumpsHouse prices in the UK continued to fall in January, sliding for the fifth month in a row, according to Nationwide, pushing the average cost of a home 3.2% below the peak seen last August.The cost of a home dropped by […]

UK annual house price growth slows to 1.1%; US Federal Reserve expected to raise rates by 25bps to 4.75% but markets wonder whether it will then pauseGood morning, and welcome to our rolling coverage of business, the world economy and the financial markets.The year has begun with further slowing in UK house price growth.However, […]

The companies may now face fines and a ban on selling their land, the government has saidAlmost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said.Martin Callanan, a business minister, praised the introduction of […]

Readers tell us about their sightings as part of RSPB’s Big Garden Birdwatch, with many species flourishingThe Big Garden Birdwatch, a citizen survey organised by the RSPB, has returned for its 44th year. The survey took place between 27-29 January 2023 and the deadline for submitting results is on 19 February.Hundreds of readers got […]

Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising interest rates, the latest official figures show.The Bank of England said the number of home […]

We’re keen to hear from UK homeowners and prospective buyers how house price reductions in their area have affected their plansThe average UK house price fell for the fourth month in a row in December, according to Halifax.We’d like to hear from people in the UK how their plans – to buy, sell, renovate […]

Imminent deadline to sign up to Companies House register aimed at flushing out secretive owners will be missed by many firmsThousands of offshore companies with UK properties are still not publicly declaring their ultimate owners because they are controlled by secretive trusts, new data shows.About 18,000 companies have so far registered with the government’s […]

‘We are delighted with how the construction is progressing.’ Source : nzherald.co.nz/Property Read more…Cladding applied to soaring new Mānukau Mormon temple, opening next year

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is expected to announce the latest blow to a rapidly weakening property market.Crunch time has […]

New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than £1bn of UK property via offshore jurisdictions, such as Jersey and the British Virgin Islands, the Guardian can […]

Exclusive: New register shines light on how businessmen, Gulf royals and states such as China have spent billions through offshore jurisdictionsThe BBC chair, Richard Sharp, more than 20 Conservative donors, a string of billionaire businessmen and the Formula One driver Lewis Hamilton are among those who have declared they own UK property through offshore […]

Source : telegraph.co.uk Read more…Afghan asylum seeker murdered aspiring Royal Marine after posing as child to enter UK

Source : telegraph.co.uk Read more…Leopard 2: Inside the German beer-balancing tank and why Ukraine desperately wants them

Source : telegraph.co.uk Read more…Ukraine has strengthened French-German ties, and Britain can benefit

Source : telegraph.co.uk Read more…How Mykhaylo Mudryk’s transfer will help Ukraine’s war veterans

Find space to get organised from a sprawling Georgian country home to a historic modernist flat in London Continue reading… Source : theguardian.com Read more…UK homes with storage to cut new year clutter – in pictures

Source : telegraph.co.uk Read more…Poland threatens to send Ukraine tanks without Germany’s permission

Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain’s mortgage lenders fear a spike in the number of homeowners handing back their keys as the cost of living crisis forces more people to default on their loans.The Bank of England said a survey of lenders showed they […]

Source : telegraph.co.uk Read more…UK weather: Further weather warnings issued after snow temporarily closes Manchester Airport

Source : telegraph.co.uk Read more…Britain to send 600 Brimstone missiles to Ukraine

Source : telegraph.co.uk Read more…Australian Open 2023 order of play: Day four schedule and how to watch on TV in the UK

Property transactions in Dubai year-to-date hit a record high by the end of 2022, surpassing previous records reached over the same period of 2009. Source : cnbc.com Read more…Dubai continues to benefit from crisis and the Russia-Ukraine war, Damac chair says

Trailer-like homes are attracting people struggling to buy or rent a house. Our writer went to size one upYou might bump your head, and the wheels betray its caravan roots, but it’s yours – and that’s the key for a growing number of people fleeing the UK housing crisis in a “tiny home”.Factory-built, shaped […]