UK mortgage approvals rise for first time in six months

Collapse in demand for property may be bottoming out but no return to boom conditions, analysts say

UK house prices defy gloom with an average £3,000 rise

Latest Rightmove survey concludes market on ‘much more stable footing’ than many had thought

Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowing

Exclusive: Developers furious at minister’s public chivvying over contracts they say they have yet to receive

Rics data for February shows improvement in new buyer inquiries and sales

Average monthly increase of 1.1% to £285,476 in February, after falls in previous two months, says Halifax

An end to ultra-low rates mean borrowers can only afford smaller mortgages

Approvals at lowest since 2009 – bar during Covid lockdown – as demand for new homes continues to fall

Year-on-year February 1.1% decline comes as average price of property drops to £257,406, says Nationwide

Values lowered for more than 40% of properties on Zoopla to attract ‘price-sensitive’ buyers

Annual rise of £425bn smaller than in previous two years, says Savills as it predicts fall in house prices in 2023

How the property markets around the world are faring and what is behind the global slide

Renters hit by increases as high as 20%, with owners seeking to absorb increased mortgage costs

UK rent and rate rises plus tougher rules are fuelling a crisis for both tenants and owners

Catherine Mann, a hawkish member of the MPC, says high rates necessary to stop inflation becoming embedded in wages and prices