If taxing the rich is so fraught, maybe we need a rethink

The cost of government is rising, yet raising taxes is bad politics. From productivity to ‘degrowth’, the left ought to get behind the more radical approaches

UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

Average rent in Great Britain up by more than a quarter since start of Covid

Rise due to shortage of properties has been worsened by soaring interest rates, Savills finds

‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Average discount stands at five-year high despite ongoing long-term shortage of homes for sale

Cashing in? The mortgage-free landlords who are raising the rent anyway

Majority of letters with no exposure to rising interest rates are demanding more money in new tenancy agreements

Average UK house sale price suffers first annual fall for 11 years

ONS says average price dropped 0.1% year on year in September, with those in London decreasing 1.1%

Rising interest rates wipe £200m off British Land’s property portfolio

Underlying profits, however, up 3.4% to £142m in half year to end of September, driven by higher market rents

Landlords sell up in Great Britain as buy-to-let market sours

Owners sell to offset losses from tax changes and rate hikes, meaning fewer homes to rent and thus higher rents

New mortgage deal falls below 5% in ‘watershed moment’ for UK homeowners

Nationwide’s two-year fixed rate deal offered at 4.99% as lenders jostle for customers

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

UK house prices rise for first time since March amid supply shortages

Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax

Luxury London tower near remains of Shakespearean theatre opens

Find from 16th century uncovered in building of £750m complex of 412 apartments now renamed the Stage

‘Property porn’ estate agent The Modern House cuts staff amid downturn

Aspirational website and Instagram feed joins firms laying off workers as market slowdown hits

UK mortgage borrowers can expect competitive rates but higher fees

Offers for homeowners may look improved but deals are likely to come with huge percentage-based product fees

Labour says 630,000 will be hit by surge in mortgage costs before 2024 elections

Long period of high interest rates expected, meaning higher costs for homeowners whose fixed-rate deals are coming to an end