UK house prices increased unexpectedly last month, the latest data from Halifax shows, bucking the falling trend elsewhere in the property market. The latest house price figures suggest that the market may be boosted by the recent easing of mortgage borrowing rates and the tight labour market. House prices increased by 0.8% between February and March, data showed on Thursday,...

The Bank of England may be forced to start reducing interest rates sooner than previously anticipated after raising them sharply in recent months despite signs of weaker inflation pressures, monetary policymaker Silvana Tenreyro said yesterday. Tenreyro, who cast one of two votes to leave borrowing costs on hold last month, while a majority of her colleagues on the Monetary Po...

An updated How to Rent Guide, a checklist for renting in England which must be issued by both letting agents and landlords to new tenants or those renewing, has been released by the government. It is crucial that agents issue the correct and current version of the How to Rent guide as a failure to do so before the tenants move in can invalidate a Section 21 notice used to regai...

Ditch the swanky Range Rover and live your authentic Cotswold life in this busy, dog-friendly community Cirencester residents enjoy markets, an array of shops, parks, cafés and a smattering of culture Cirencester residents enjoy markets, an array of shops, parks, cafés and a smattering of culture.This delectable ancient market town may brand itself as the capital...

Interest rates have been increased to 4.25% from 4% by the UK’s central bank in an attempt to get inflation under control. The Bank of England’s decision to lift rates for the 11th time in a row comes after figures showed the cost of living rising by more than expected. Inflation jumped to 10.4% in the year to February, despite predictions it would fall. The rate...

The average price of property coming to market increased by 0.8%, or £2,906, this month, to £365,357 mainly due to a 1.2% jump in the largest homes sector, according to Rightmove. But this rate of growth is below the average monthly rise of 1% seen in March over the last 20 years, reflecting a higher degree of pricing caution by many new sellers than is usually rec...

The average asking price for newly-listed homes has risen 3% over the last 12 months, despite higher mortgage costs, according to Rightmove. The property portal said that the typical asking price had increased by £2,906 to £365,357 in the year to mid-March, as the market showed ‘cautious signs of recovery’ following turbulence caused by the infamous mini...

The chancellor has announced the budget for 2023. The UK will now not enter a technical recession this year, say independent forecasters the Office for Budget Responsibility (OBR). Inflation will more than halve and reduce to 2.9% by the end of the year, the OBR expects. Parents - working 16 hours a week - of children aged nine months to five years will get 15...

The average price for larger detached homes has grown at almost twice the rate than for smaller properties such as flats three years since the onset of the coronavirus pandemic. Halifax has looked at data from its own House Price Index in the three years since when the property market was overhauled by the start of the pandemic in March 2020. One of its many impacts was to...

Average new seller asking prices rose by just £14 over past month, according to Rightmove, but first-time buyers are rejoining market driven by increasing rents and recovery in mortgage pricing. Average new seller asking prices rose by just £14 from January to February – the smallest ever increase recorded by Rightmove during the period and a sure sign that s...

Online estate agent Purplebricks is up for sale after revealing it expects to lose between £15-£20m this year. It said the potential of the group may be better realised under an "alternative ownership structure". After being founded in 2012 the firm had dazzling early success but has seen its share price fall 98% from its heights. The company said it be...

Newsflash: UK inflation slowed to an annual rate of 10.1% in January, according to the Office for National Statistics’ consumer prices index. That indicates prices across the economy did not rise as quickly as expected in January after a 10.5% reading in December. Economists had predicted a rate of 10.3%.

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House prices stable after price falls in last two months The Halifax HPI says prices were static in January as the market stabilises after successive drops. House prices stabilised in January after price falls in the previous two months, the latest Halifax HPI reveals. The monthly change last month was 0% compared to drops of 1.3% in December and 2.4% in November....