London-based estate agent raises profit forecasts amid Covid ‘race for space’ and warehouse boomCoronavirus – latest updatesSee all our coronavirus coverageA rush to buy £1m-plus homes in the countryside in the Covid-inspired “race for space” and the w…
UK house prices return to double-digit growth
Annual price growth hit 10% in November, up from 9.9% in October, according to Nationwide indexHouse prices in the UK continued their upwards climb in November, reaching double-digit growth again as demand remained strong after the end of the stamp dut…
Average UK house price rises by £25,000 in a year
Cost of a home climbed in every region in 12 months to August, with prices in London rising to £526,000The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions.The annual r…
UK house prices show strongest monthly rise since 2007
Halifax says average property price rose by 1.7%, or £4,425, to £267,587 in SeptemberHouse prices registered the strongest monthly rise for 14 years in September, pushing the average cost of a home to a record high and reversing a three-month decline i…
UK house price growth slows as end to stamp duty holiday looms
Impending halt to tax break on Friday cools market to 0.1% growth in SeptemberUK house price growth slowed in September as economists said the looming end of the stamp duty tax break had cooled the market after a period of extraordinary growth.The aver…
‘Eerie silence’ as Evergrande misses payment deadline
As debt-laden Chinese property giant enters 30-day grace period, officials look to limit unrest and job lossesThe embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest …
Whether it’s homes or jobs, our dreams are moving further out of reach every year | Mark Blyth
From the warped housing market to the ‘knowledge economy’, the system increasingly works only for the uber-wealthyI travelled to New York City in August for the first time since the pandemic began, to visit friends who had just bought their first home….
Shares in China’s Evergrande plunge again as fears of contagion grow
Hong Kong stock fell up to 17% amid default fears that are beginning to have a knock-on effect on other marketsShares in the embattled Chinese property company Evergrande have plunged again as investors weigh up whether the group’s massive debt problem…
Thousands of leaseholders freed from doubling of ground rents
CMA says it will take further action against developers which do not remove such terms from contractsThousands of people who bought leasehold homes from the housing developer Countryside Properties will be freed from costly contract terms, following an…
UK house prices hit record high despite cut in stamp duty break
Average prices rose by 0.7% in August to £262,954, says HalifaxThe average UK house price reached a fresh record high in August while annual inflation cooled to a five-month low, after the partial end of the stamp duty holiday in England and Northern I…