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LONDON (dpa-AFX) - House prices in the U.K. fell for a third month in a row in May amid the global uncertainty linked to the tensions in West Asia and subdued demand due to higher borrowing costs,......

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Unexpected monthly drop of 0.1% in May leaves price of typical home at £298,806, says lender HalifaxBusiness live – latest updatesUK house prices fell unexpectedly in May as rising mortgage rates fuelled by the war in Iran affected affordability and homebuyer demand.The average price of a typical UK home fell by 0.1% in May to £298,806 compared with April, the third consecutive monthly drop recorded by the lender Halifax. Analysts had been expecting a return to growth, with a consensus of a 0.1% rise forecast for May. The monthly drop followed falls of 0.1% in April and 0.5% in March. Continue reading......

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LONDON (dpa-AFX) - UK mortgage approvals rose to a 15-month high in April despite higher borrowing costs, data from the Bank of England showed Tuesday. Mortgage approvals unexpectedly increased to......

UK mortgage approvals unexpectedly rose in April as the housing market displayed continued resilience to the fallout from the Iran war....

Nationwide finds typical price was £278,024 in May, as Savills says Iran war has 'fundamentally changed' outlookBusiness live – latest updatesHouse prices fell in the UK for the first time this year in May, as rising interest rates triggered by the war in Iran hurt homebuyer demand.The price of the average UK home dropped 0.6% in May compared with the month before, according to the lender Nationwide. Continue reading......

LONDON (dpa-AFX) - UK house prices declined for the first time this year amid high uncertainty over the developments in the Middle East and its impact on inflation and market interest rates, data ......

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British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsThis chart shows how UK house prices have now dipped back from their record high:Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Continue reading......

UK house prices fell for the first time in five months, according to one of Britain's biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war is placing a strain on prospective homebuyers....

Hong Kong families in the United Kingdom and Canada are facing deep uncertainty due to shifting immigration policies and the rising cost of living, and some are looking for alternative destinations to settle. Property agents said Spain's Non-Lucrative Visa (NLV), designed for retirees and anyone who can support themselves without employment, had become one of their top choices. The NLV provides a pathway for citizens outside the European Union and the European Economic Area who have enough......

The UK could miss its goal of adding 1.5 million new homes in the current parliamentary term by at least 40%, according to a report by Bloomberg Intelligence that urges the government to ramp up efforts to stimulate demand and help developers....

Goldman Sachs Group Inc. says the selloff in UK homebuilder stocks has been excessive and investors are too pessimistic on the sector's long-term profitability....

Centre for London report finds levy on property wealth would free up homes, fund social housing and help renters save for depositsStamp duty should be scrapped and replaced with a new property wealth tax to fix London's housing crisis, a leading thinktank has proposed.A report on the capital's property market suggests an annual tax to replace the levy paid when buying a property and council tax would encourage downsizing and raise funds for social housing. It would also help renters to save a house deposit. Continue reading......

Some of the homes have been repossessed, while others are being sold off by debt-laden housing associations. Who buys them – and who will end up living there?Amid the high-stakes bustle of numbered paddles shooting up and gavels banging down, an unexpected voice calls desperately from the corner of the auction room. “That's my house,” shouts the woman, watching her home of 20 years up for sale.“I live there. You can tell the people who are bidding I'm not coming out of my house,” she continues. Continue reading......

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Homebuyers more cautious due to possible mortgage rate rises and higher inflation as sellers sit on propertiesFears of higher mortgage rates and rising inflation as a result of the Middle East conflict are leading to a subdued and downbeat housing market, according to estate agents.Demand from potential homebuyers across England and Wales has shown a “noticeable softening” recently, according to a monthly survey of estate agents by the Royal Institution of Chartered Surveyors (RICS). Continue reading......