UK housing slowdown hits market confidence as asking prices fall Homeowners’ worries are affecting national mood, poll shows, as figures reveal small drop in prices
Labour will rebuild broken Britain with big reforms, not big spending. That’s a promise The heart of Labour’s approach is to get Britain thinking big again, which requires reform, writes Keir Starmer
Cost of living crisis forces more Britons to use savings, with renters worst hit ONS finds one in 20 households have run out of food in the past and could not afford more
A crash is unlikely but the fall in UK home prices has a long way to go First-time buyers face high mortgage rates, while soaring rents and bills hinder saving for deposits – no wonder there’s a big slowdown
Profits at UK homebuilder Barratt drop as buyer demand slumps Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyers
UK GDP: mortgage payers’ worst fears are likely to come true Cycle of interest rate rises are expected to continue after better than forecast economic data
Number of would-be homebuyers falls to 8-month low as UK economic anxiety deepens Survey of estate agents reports growing reluctance among potential homebuyers to make a purchase
Renting a room in UK tops £700 a month on average Analysts say 17% rise from spring 2022 shows ‘housing market isn’t working for anyone’
Mortgages to cost 1m borrowers extra £500 a month by 2026, Bank warns Bank of England says millions of homeowners will be paying up to £220 more a month by end of year
UK two-year fixed mortgage rates hit highest level since 2008 Average rate rises to 6.66%, according to Moneyfacts, in more bad news for homeowners
UK house prices fall at fastest annual rate since 2011, says Halifax Average price of property drops by 2.6% year on year in June as mortgage rates climb
UK homeowners in limbo as help to buy firm won’t answer phone Frustrated borrowers unable to sell or remortgage as company running loan scheme leaves them on hold
70% of central London properties sold this year bought with cash – Savills Report fuels fear that rich overseas buyers are buying properties at expense of working Londoners
Risks of UK housing crash rising by the day as fixed-rate mortgage deals end The tipping point for the economy could come if fixed-rate mortgages rise above 7%
The UK’s housing market is hurting everyone. Time to rethink the whole thing There appears to be no relief in sight for homeowners or renters – but there are things that can be done, says Josh Ryan-Collins, an associate professor at UCL