The Bank of England (BoE) said the UK faces the longest recession in 100 years after raising interest rates to 3% in the highest single increase since 1989. The Bank…
Category:
United Kingdom
PropertyUnited Kingdom
House prices in the UK are expected to fall as mortgage rates rise.
by Editor
ENGLAND — Following a slew of tax cuts announced by the government that drove interest rate forecasts skyrocketing and raised lending rates for homeowners, there are mounting concerns about a…
The largest lender in the nation issued a warning about the effects of rising interest rates and the wider cost of living crisis as UK house prices declined in July…
Real EstateUnited Kingdom
Surge for UK Real Estate from Middle Eastern buyers continues, as GBP to USD drops to lowest rate since March 2020
by Editor
Following on from the news last week that the pound sterling had sunk to its lowest level against the dollar since March 2020, there has been a noticeable surge in…
Market ReportReal EstateUnited Kingdom
Luxury house prices in London rise as sellers anticipate price peak
by Editor
Last month, the price of London’s most opulent residences increased by the most in more than seven years, as rising demand for city center homes tempts owners to sell. According…
Market ReportReal EstateUnited Kingdom
UK Housing Market on Discount as Property Boom Slows Down, according to Zoopla
by Editor
Zoopla data states that while UK home prices reach new highs, there are at least some signs of cooling. More property owners give discounts to tempt buyers. According to the…