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15.12.25 - 18:24
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Europe′s housing costs akin to ′new pandemic′, warns Barcelona mayor (The Guardian)
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Jaume Collboni and 16 other city leaders urge EU to unleash billions in funding as it prepares to tackle crisisThe Guardian view on Europe's housing crisis: time for the EU to get radicalThe soaring cost of housing is akin to a “new pandemic” sweeping across Europe, the mayor of Barcelona has said, as he and 16 other city leaders urged the EU to respond to the crisis by unleashing billions in funding for the hardest-hit areas.The EU is expected to present its first-ever housing plan on Tuesday, after consultations with experts, stakeholders and the public. For months, those on the frontlines of the crisis have warned the problem is too big to ignore. Continue reading......
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15.12.25 - 18:06
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UK mortgage shake-up: people on variable incomes could have more payment flexibility (The Guardian)
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Some potential first-time buyer groups 'could be better served', regulator says in reviewFreelancers and gig economy workers could enjoy more flexibility over how and when they pay their mortgage under plans designed to help more people get on the property ladder.A shake-up of the rules so people whose income is “variable or irregular” could be freed up from having to make monthly mortgage payments is one of a number of changes being considered by the Financial Conduct Authority (FCA) that could make it easier for millions of “underserved” UK consumers to get a home loan. Continue reading......
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15.12.25 - 17:00
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UK house prices ′could rise by up to 4% in 2026 as interest rates fall′ (The Guardian)
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City watchdog the FCA announces plans to help first-time buyers and self-employed get on the property ladderBusiness live – latest updatesHouse prices in the UK could rise by as much as 4% next year but getting on the property ladder may become slightly less difficult, according to forecasts from the lender Nationwide.Robert Gardner, the chief economist at the building society, said prices were likely to increase by 2-4%. “We expect housing market activity to strengthen a little further, as affordability improves gradually via income growth outpacing house price growth and a further modest decline in interest rates,” he said. Continue reading......
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15.12.25 - 08:30
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UK house prices tipped to rise by up to 4% in 2026 as affordability improves – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsAverage mortgage for UK first-time buyer hits record high of £210,800Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.With the year almost over, thoughts are lightly turning to what might happen in 2026.“Looking ahead, we expect housing market activity to strengthen a little further as affordability improves gradually (as it has been in recent quarters) via income growth outpacing house price growth and a further modest decline in interest rates.We expect annual house price growth to remain broadly in the 2 to 4% range next year.“The changes to property taxes announced in the Budget are unlikely to have a significant impact on the market. The high value council tax surcharge is not being introduced until April 2028 and will apply to less than 1% of properties in England and around 3% in London.The increase in taxes on income from properties may dampen buy-to-let activity further and hol...
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