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01.07.26 - 13:24
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UK house prices stall for second straight month as agents warn of summer slump (The Guardian)
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Average price of typical home little changed at £277,484 in June, says Nationwide, while housebuilder shares fallBusiness live – latest updatesUK house price growth stalled for a second consecutive month in June as rising interest rates triggered by the war in Iran hurt homebuyer demand and agents warned of a summer slump.The average price of a typical UK home edged down to £277,484 last month from £278,024 a month earlier, after a 0.6% month-on-month fall in May, according to the lender Nationwide. Economists had forecast a small monthly rise of 0.1% in June. Continue reading......
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01.07.26 - 10:30
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UK House Prices Remain Flat In June (AFX)
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LONDON (dpa-AFX) - UK house prices remained flat in June as uncertainty caused by the war in the Middle East and the subsequent rise in fuel prices and market interest rates weighed on the propert......
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01.07.26 - 08:54
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UK house prices flat in June, says Nationwide; higher energy bills cap kicks in – business live (The Guardian)
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Annual house price growth accelerates to 2.2%, led by Northern Ireland“The UK housing market is proving to be a study in resilience rather than exuberance,” said Anthony Codling, housing analyst at RBC Capital Markets. The average price of a home dipped £540 in June from May but rose almost £6,000 year on year.The average UK home now costs £277,484, a market that is moving sideways more than it is marching forward. The headline number tells one story, but the regional picture tells a more interesting one: Northern Ireland is doing its own thing entirely, running nearly four times hotter than the national average, while much of southern England is essentially flatlining.Mortgage rates remain the stubborn gatekeeper to a more meaningful recovery, with affordability still stretched by historical standards, and the Bank of England's cautious approach to rate cuts keeping buyers in a holding pattern.It is not surprising that the market has softened a little in recent months, given the uncertainty cause...
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29.06.26 - 15:24
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UK Mortgage Approvals Lowest Since Late 2023 (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals fell to the lowest since late 2023 in May, the Bank of England said Monday.The number of loans approved for house purchases decreased to 56,205 from 66,034......
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27.06.26 - 22:42
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UK minister working up plans for state-owned housing developer (The Guardian)
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Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developersThe housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding.Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian. Continue reading......
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19.06.26 - 08:18
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Telegram questioned by Ofcom after arsonist who targeted Starmer-linked properties recruited on app (The Guardian)
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Exclusive: Telegram urged to clarify how it detects illegal incitement after attacks were coordinated using appTelegram is facing questions from Ofcom over how it detects and prevents illegal incitement after a Ukrainian man was found guilty of carrying out arson attacks on a car and property associated with Keir Starmer.A spokesperson for the regulator said it had contacted the messaging app “to seek further clarification” because the arsonist had been directed on Telegram by a handler linked to Russia. Continue reading......
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16.06.26 - 09:24
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Mamdani′s pied-à-terre tax isn′t far off Labour′s housing policy. Not that you′ll ever hear Starmer say it | Anna Minton (The Guardian)
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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...
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