UK property

UK floods raise spectre of ‘mortgage prisoners’ across banks

In England, there are already 6.3 million properties in areas at risk of flooding

Inner London’s decline is the steepest for a calendar year since 2008, when prices plummeted almost 13% in the wake of the credit crunch and subsequent recession.

Inner London home prices see biggest drop since financial crisis

Prices are down 4.6% for inner city boroughs in December, compared with a year earlier

Across the UK as a whole, RICS said new buyer enquiries improved in January, alongside agreed sales.

London’s house price slump to bottom out, RICS survey says

The monthly study is closely watched for indications of where the UK property market might be heading

Housebuilding remains plagued by sluggish demand, weak client confidence and a lack of new project starts, making it the weakest construction sub-sector.

UK builders hopeful of turnaround as PMI shows slowdown easing

Builders across sectors continue to struggle with cost pressures eating into their margins

The Royal Institution of Chartered Surveyors says its gauge of expected home sales surged to 22, up from minus four the month before and the highest since October 2024.

UK housing market is turning a corner after Budget, agents say

Rics’ reading indicates that more agents forecast an increase than a decline over the next three months

The slump in the London market has prompted some desperate vendors to offer discounts of as much as 50% over the past year.

London now most likely place to see homes sell at a loss in UK: report

Pricier ground leases, expensive service charges and tougher regulation for buy-to-let investors have weighed on the values of the UK capital’s apartments

The fall in prices of UK homes is a sign that the market may have been affected by Labour’s tax-hiking Budget.

UK house prices in surprise drop at end of 2025

Nationwide Building Society says the average price of a home in December has gone down 0.4% to £271,068

London and the South East’s lacklustre performance in recent years has been blamed on a number of factors.

House prices in London’s ‘stockbroker belt’ drop most in 2025

The capital has seen sharp falls in property prices in real terms over the past decade, particularly for apartments

For apartments, a clampdown on landlords and a post-pandemic preference for bigger houses have also hurt valuations.

The real price of a London apartment has sunk 22% in the last decade

A series of factors, from Brexit to tax hikes, have reined in a market once seen as overvalued

 The tax disproportionately hurts London, as the city is home to nearly 60% of all the properties over £2 million.

Tax raid deepens London’s housing market downturn: agents

Prospective buyers also face pressures from weaker real wage gains and a deteriorating jobs picture