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07.11.25 - 10:06
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UK house prices rise at fastest rate since January 2025 (The Guardian)
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Halifax says October increase pushes average cost of home to £300k despite uncertainty over possible budget tax changes• Business live – updatesUK house prices rose at their fastest pace since January, a leading property index shows, with demand improving despite ongoing market uncertainty over likely tax changes in this month's budget.Prices increased by 0.6% month-on-month in October pushing the average cost of a UK home to a record high of £299,862, according to Halifax. Continue reading......
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07.11.25 - 09:42
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UK House Prices Rise To Record High: Halifax (AFX)
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LONDON (dpa-AFX) - UK house prices rose to a record high in October as property market activity remained strong ahead of Autumn Budget, data from the mortgage lender Halifax revealed Friday.The va......
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31.10.25 - 09:00
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UK housing market ′resilient′ in October; Asian stocks mixed after bumper tech earnings – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Some good news for homeowners this morning as UK house price growth unexpectedly grew in October.Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs.Looking forward, housing affordability is likely to improve modestly if income growth continues to outpace house price growth as we expect. Borrowing costs are also likely to moderate a little further if bank rate is lowered again in the coming quarters.”Among the myriad of proposals reportedly under consideration is a 'mansion tax' on homes valued over £2 million. Council tax reform, capital gains tax applied to the sale of high-value residences and replacing stamp duty with ...
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28.10.25 - 16:24
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What will Labour sacrifice for its housing targets? A standoff in south London is putting it to the test | Anna Minton (The Guardian)
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In Peckham, developers unwilling to meet affordable housing quotas are facing down residents and the councilTeekall and his wife are raising a family in Peckham, south London. He runs a successful business as a commercial designer with a studio just down the road, and she works in higher education. Their two boys attend the local primary school. However, the family has outgrown their one-and-a-half-bedroom flat. Although they would like to stay in Peckham, they can't afford to.Just around the corner from where they live, the developer Berkeley Homes is proposing to build 877 new units, on the site of the Aylesham Centre shopping complex in the heart of Peckham, claiming it is responding to the government's commitment to build 1.5m new homes to tackle the acute housing crisis. Given the predicament Teekall finds himself in, he might be expected to welcome plans for hundreds of new homes, but the opposite is the case. “Our budget can't reach the price of the homes in a Berkeley development. Me and my w...
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24.10.25 - 07:48
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Ministers confirm plans to reduce London′s affordable housing quotas (The Guardian)
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Developers will qualify for fast-track planning status if they include 20% affordable housing instead of current 35% targetMinisters have confirmed plans to reduce affordable housing quotas in London as they try to reverse the recent collapse in housebuilding in the capital.Steve Reed, the housing secretary, said on Thursday that developers would be allowed to qualify for fast-track planning status if their projects included 20% affordable housing, down from the current target of 35%. Of those 20% however, 60% will have to be available at the cheapest social rents. Continue reading......
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