housing-market
Top StoriesTaylor Wimpey Looks at Job Cuts to Rein in Costs, Lowers Homebuilding Target
Top StoriesBiggest UK House Price Fall Recorded Since Financial Crisis
Top StoriesUK Housing Market Stalls, Credit Card Borrowing Accelerates: BoE Data
Top StoriesUK House Prices End 2022 on a Weaker Note After Pandemic Boom
UK Lenders See 23% Slide in Mortgages for Home-Buyers in 2023
Date: December 12, 2022
By David Milliken LONDON (Reuters) – British banks and building societies expect to lend 23% less to home-buyers next year, taking mortgage volumes back to their level before the COVID pandemic after a two-year boom that lifted house prices by more than a quarter. Trade body UK Finance forecast on Monday that gross mortgage lending...
UK Mortgage Approvals Hit Lowest Since June 2020
Date: November 29, 2022
By Andy Bruce LONDON (Reuters) -The number of mortgages approved by lenders in Britain fell in October to its lowest since June 2020, soon after the onset of the COVID-19 pandemic, according to Bank of England data on Tuesday that underscores a sharp housing slowdown under way. Lenders approved 58,977 mortgages for house purchase last...
Greek Residential Property Price Recovery Picks up in Third Quarter
Date: November 29, 2022
By George Georgiopoulos ATHENS (Reuters) – A recovery in Greece’s residential real estate market picked up pace in the third quarter, as the economy continued to expand and inflation rose near a three-decade high, central bank data showed on Tuesday. Property makes up a big chunk of household wealth in Greece, where the home ownership...
Spain Expects to Agree With Banks Mortgage Relief Measures by End of Week
Date: November 16, 2022
MADRID (Reuters) – Spain’s government expects to reach by the end of this week an agreement with banks on mortgage relief measures to help vulnerable households and middle-class clients cope with rising borrowing costs on such loans, the economy minister said. The government and lenders are readying a wider set of measures to help the...
Predicted House Price Fall – a Boost for Btl Landlords
Date: November 15, 2022
Analysts predict that a rise in mortgage borrowing costs might lead to a collapse of the UK real estate market, with a 15% reduction in home prices forecasted for 2023. As Finbri, a property bridging loan specialist, comments, “The current situation is not only having an impact on house prices but also on people’s spending....
UK’s Persimmon Signals Margin Hit Amid House Price Fall
Date: November 8, 2022
(Reuters) – Persimmon, Britain’s second-largest housebuilder, warned on 2023 profit margins on Tuesday, after house prices deteriorated and its sales rate slipped, as the political and economic turmoil in the country and a deepening cost-of-living crisis weighed on sentiment. Persimmon shares fell more than 7% in early trade and the company’s warning also dragged stocks...