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The Latest Breaking News from Zoopla

German economy shrinks; UK remortgaging lowest since 1999; window firm Safestyle enters administration – business live

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

The Guardian - UK

London house prices fall as UK market undergoes most dramatic slowdown since 2009

Homes in London are better value for money, reports Zoopla, but higher mortgage rates have impacted sales

Evening Standard

House prices fell in 80% of UK markets this year, says Zoopla

London and England’s southern and eastern regions worst affected as higher mortgage rates sap demand

The Guardian - UK

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Prices falling in most local housing markets in UK, Zoopla finds

All local markets in London, South and East England registered annual house price falls.

The Independent UK

German inflation falls to 4.5%; UK home sellers increase discounts; mortgage rates ease – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

426,000 first-time buyers ‘missing from England’s housing market by 2027’

Leeds Building Society predicts thousands fewer first-time buyers could buy homes between this year and 2027, compared with the long-term average.

The Independent UK

UK house prices declined at fastest rate since 2009 in August

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

Evening Standard

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Loophole in Scotland’s rent controls sees new tenants facing largest rises in UK

Rent cap limited to 3%, but landlords can go higher when drawing up new tenancy agreement

The Guardian - UK

House prices declined at fastest rate since 2009 in August – surveyors

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

The Independent UK

British renters will be hit with 25% price hikes over the next 4 years as landlords pass on spiraling interest rate costs, broker predicts

A cocktail of supply shortage, tougher regulation and rising costs to landlords means more pain for Britain's renters.

Fortune

Rise of ‘ghost listings’: five secret-sale London homes listed on property portals

As the housing market becomes even trickier to navigate, increasing numbers of ‘ghost listings’ are popping up on portals with almost no information whatsoever

Evening Standard

Wish you were here (permanently)? Survey reveals how holidays inspire home moves

Some 9% of people who have been on a UK-based holiday in the past three years have decided to move to their destination, according to Zoopla.

The Independent UK

Mortgage approvals plummet 20 per cent in UK amid soaring interest rates

THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…

The National (Scotland)

UK home sales in 2023 will be lowest in a decade, says Zoopla

Interest rate rises on mortgages are weakening demand, property website says

The Guardian - UK

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The Independent UK

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

Evening Standard

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

Ideal Home

Should you ever pay above the asking price for a home?

Our money expert explains whether you should ever pay over the asking price for a home, especially if house prices fall as predicted

Ideal Home

Shocking new report reveals renting is now cheaper than first-time mortgages for the first time in 13 years

Is renting better than buying? For the first time in over 10 years it might be according to Zoopla’s new report

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news in one place.

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The Independent UK

Rent is cheaper than mortgage payments for the first time since 2010

In places such as northern England and Scotland, mortgage payments are still cheaper than renting

Ideal Home

Should I fix my mortgage and how long should I fix for?

We speak to the experts to find out whether you should fix your mortgage and how long for as well as the impact further interest changes could have on your decision

Fortune

U.K. millennials and Gen Z labeled 'Guppies' because they're 'giving up on property'—they mostly live with mum and dad

They know they'll never be like the 1980s "Yuppies" who could comfortably jump on the housing ladder in the Thatcher years, Zoopla writes.

The Independent UK

Rents set to continue rising sharply despite cost-of-living squeeze, experts say

Fresh rise in costs would mark new high in 24-year records

The Independent UK

Rents ‘likely to continue rising sharply despite cost-of-living squeeze’

Rental demand shows no signs of letting up and supply remains constrained, the Royal Institution of Chartered Surveyors said.

Evening Standard

Housing markets where homes cost over £300,000 are ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000

The Independent UK

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

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