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The Latest Breaking News from Tom Bill

Average house price falls 3.5% as mortgage rates keep climbing

The sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Independent UK

Heathrow security guards to strike from 24 June, says Unite; UK house prices ‘in first annual fall since 2012’ – as it happened

Heathrow security guards announce strikes over summer, UK house prices record their first annual fall in over a decade

The Guardian - UK

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Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

The Independent UK

Annual UK house price growth hits 10-year low; China’s imports in surprise tumble – as it happened

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

The Guardian - UK

London first-time buyer monthly mortgage payments up £363 in a year despite falling asking prices

New research reveals the true impact of rising interest rates on those looking to join the property ladder in the capital

Evening Standard

UK house prices rise after seven months of falls; Uber revenues jump; eurozone inflation rises to 7% – as it happened

Nationwide reports that UK house prices shows ‘signs of stabilisation’ in April, rising unexpectedly by 0.5%

The Guardian - UK

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UK house sales fell by 19% annually in March – HMRC figures

The number of house sales edged up by 1% compared with February 2023, according to the figures from HM Revenue and Customs.

The Independent UK

Asking price of properties popular with UK first-time buyers hits record

Average of £224,963 for homes with one or two bedrooms is 2% higher than a year ago, says Rightmove

The Guardian - UK

Average UK house prices have fallen for seven months in a row

House prices prices have dipped 4.6 per cent below their August peak.

Evening Standard

Average UK house prices have fallen for seven months in a row – Nationwide

House prices have dipped 4.6% below their August peak, according to Nationwide Building Society.

The Independent UK

Budget 2023: Why Jeremy Hunt ‘missed a trick’ in ignoring the property market

Unusually, the Spring Budget did not contain any housing market announcements

Evening Standard

London renters now pay £3,000 a year more than homeowners on housing costs

Across the UK, owning a home is still cheaper than renting overall but the gap is closing

Evening Standard

Average UK house price fell by 0.6% in January

Annual house price growth slowed to 1.1%, from 2.8% in December, Nationwide Building Society said.

The Independent UK

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The Independent UK

Revealed: Where in the UK house prices have dropped the most

An annual fall in house prices appears imminent, some housing market experts have suggested

The Independent UK

Average UK house price has dropped for fourth month in a row, says Halifax

An annual fall in house prices appears imminent, some housing market experts have suggested.

Evening Standard

House prices: the average cost of a UK home jumps £33,000 in one year while London sees lowest annual growth

Across the UK, the average house price hit a record high of £296,400 in October.

The Independent UK

Average house prices hit new records in October

Across the UK, the average house price in October was £296,000.

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news in one place.

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Evening Standard

UK house prices: average property price fell by £4,500 in November

The fallout from the mini-Budget continued to affect the market last month.

The Independent UK

‘Average UK house price fell by 1.4% month on month in November’

The fallout from the mini-budget continued to affect the market, Nationwide Building Society said.

The Guardian - UK

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

The Independent UK

House prices fall for first time in 15 months after mini-budget turmoil, says Nationwide

The drop marked the first monthly decline since July 2021 and the housing market looks set to slow, Nationwide Building Society says

Evening Standard

UK house prices fall for the first time in 15 months as market ‘impacted by turmoil following mini-budget’

A 0.9 per cent drop in October marks the first monthly decline since July 2021.

The Independent UK

House prices fell for the first time in 15 months in October, says Nationwide

The 0.9% drop marked the first monthly decline since July 2021 and the housing market looks set to slow, Nationwide Building Society said.

Evening Standard

Stamp duty cut ‘could spectacularly backfire’ first-time buyers warned

Today’s stamp duty changes will be welcomed by London first-time buyers, however buying incentives risk increasing demand and may see a surge in prices

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