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Lender Nationwide is slashing mortgage rates as the Iran peace deal sends oil prices sliding and raises hopes that the Bank of England could cut borrowing costs....

The UK has its own progressive policies such as the second home and 'mansion' taxes. So why isn't the PM shouting it from the rooftops?In April, to mark the day on which Americans are expected to file their taxes, the New York mayor, Zohran Mamdani, filmed himself on Billionaires' Row, an enclave of super-tall apartment buildings just south of Central Park. When he took office, he said, he would tax the rich, and now, outside the hedge fund billionaire Ken Griffin's $238m penthouse, he was ready to make good on his pledge. “Today, we're taxing the rich,” he said with a flamboyant smile, zooming his face into the camera. It was the opening to a short film unashamedly titled Happy Tax Day, New York.He went into battle armed with stats. According to Mark Levine, NYC's comptroller (a senior financial executive), the pied-à-terre tax on second homes will raise about $500m annually fromabout 11,200 properties.Anna Minton is reader in architecture at the University of East London. Her new book, Super...

LONDON (dpa-AFX) - UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday.Averag......

Homeowners could see the cost of a new fixed rate mortgage jump by £450 a year if the Bank of England increases interest rates this week....

LONDON (dpa-AFX) - UK house prices continued to decline and sales activity indicators remained negative as challenging macroeconomic conditions weighed on demand but some measures showed signs of ......

A slowdown in Britain's residential property market appears to have bottomed out, according to a prominent survey, as buyers and sellers come to accept the reality of higher borrowing costs and weak sentiment....

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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......