Latest property news uk
Here are some of the latest property news stories from the UK:
Housing Market
- UK house prices rise at slowest pace in 6 years (The Guardian) - According to the latest data from the Office for National Statistics (ONS), UK house prices rose by 1.3% in the year to January, the slowest pace in six years.
- London property prices fall for first time in 10 years (The Times) - The average price of a home in London fell by 0.4% in the year to January, marking the first annual decline in a decade.
Renting
- Renters face biggest increase in 10 years (The Telegraph) - The average rent in the UK rose by 2.5% in the year to January, the biggest increase in a decade, according to data from property website Rightmove.
- Government to introduce new rent controls (The Guardian) - The government has announced plans to introduce new rent controls to help renters, including a ban on letting agents charging fees to tenants.
Mortgages
- Mortgage approvals hit 10-year high (The Financial Times) - The number of mortgage approvals in the UK rose to a 10-year high in January, according to data from the Bank of England.
- Interest rates to remain low, says Bank of England (The Times) - The Bank of England has said that interest rates are likely to remain low for the foreseeable future, despite concerns about inflation.
Property Development
- Government to invest £1.5bn in affordable housing (The Telegraph) - The government has announced plans to invest £1.5bn in affordable housing, including the construction of 30,000 new homes.
- Property developers face new regulations (The Guardian) - The government has introduced new regulations to improve the quality of new homes, including requirements for developers to build more affordable housing.
Regional Property News
- Manchester property prices rise by 10% (The Manchester Evening News) - The average price of a home in Manchester rose by 10% in the year to January, according to data from property website Zoopla.
- Birmingham property prices fall by 2% (The Birmingham Mail) - The average price of a home in Birmingham fell by 2% in the year to January, according to data from property website Rightmove.
These are just a few of the latest property news stories from the UK. If you're looking for more information, I'd be happy to help!