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The Latest Breaking News on Prime London property: house prices in most expensive areas close to bottoming out

DWP housing benefit 'not enough' to cover skyrocketing private rents

Analysis has revealed that fewer than one in five private rental properties in England were viable within the current local housing allowance rates

Daily Mirror

Tories can rule out any pre-election feelgood factor from property market

The question is not whether UK house prices will continue to fall but how big the drop will beBusiness live – latest updates

The Guardian - UK

OPINION - Want to buy in London? You would be better off downloading Hinge than Rightmove

Houseprices are falling annually for the first time since 2012 — and many forecasters expect they will fall further still. It’s the news private renters like me think we’ve been waiting for. Brush up your credit rating and cash in your ISAs, the keys to a natty starter flat in…

Evening Standard

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read the most diverse news in one place.

How much can my landlord raise my rent by? Rules explained after interest rate hikes

Renters may see their monthly costs go up if their landlord decides to up their rent following twelve consecutive interest rate rises since December 2021

Daily Mirror

More interest hikes will further weaken housing market, says FTSE 250 builder

FTSE 250 housebuilder reports drop in sales as it urges government to provide support for first-time buyers

The Guardian - UK

Property experts remain optimistic despite challenging housing market in Wales

Surveyors said the downturn in house sales could be bottoming out

Birmingham Post

‘It would really help us’: renters in the UK who want a 100% mortgage

No-deposit loan presents possible route out of rental trap to those deemed eligible

The Guardian - UK

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Stock of homes for sale picking up but ‘storm clouds are gathered’

May marked the strongest reading for new property listings since March 2021, the Royal Institution of Chartered Surveyors said.

The Independent UK

Bristolians given priority for homes being built at key South Bristol development

A total of 50 new homes are being built at the site in South Bristol

Bristol Post

Map reveals regions worst hit by slowing house price growth

The figures appear to show a divide between the north, where prices are still growing and the south, where they are slowing

The Independent UK

London house prices fall year-on-year for first time since 2012 as interest rates continue to rise

The Halifax research showed some of the biggest price falls were in London and the South East

Evening Standard

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

UK house prices experience annual fall for first time in decade, data shows

Price of average home in May was 1% lower than in same month last year, according to Halifax figures

The Guardian - UK

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

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Wales Online

House prices see first annual negative growth since 2012 with 1% drop

Property prices have now fallen by about £3,000 over the last 12 months

Daily Mirror

Liz Truss is blamed for inflation chaos as mortgage lenders hike rates yet again

A flood of lenders have upped rates in the aftermath of figures a fortnight ago revealing a smaller-than-expected drop in living costs

The Guardian - UK

UK banks pull hundreds more home loan deals as fixed mortgage rates rise

Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 years

Evening Standard

One in five first-time buyers taking out mortgages lasting over 35 years

A record 19% of first-time buyers took out mortgages lasting at least 35 years in March, according to figures from UK Finance.

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news in one place.

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The Guardian - UK

Mortgages: UK lenders continue to raise rates and pull deals

Record 19% of all loans taken out by first-time buyers in March were for 35 years or longer

The Guardian - UK

UK property market lacks spring bounce but a crash is unlikely

It’s reasonable to expect a fall in nominal house prices of at least 10%. That’s a chunky fall – and a welcome one

The Week

UK house prices fall at fastest rate for nearly 14 years

House prices in the UK have had their biggest annual fall in nearly 14 years, according to Nationwide, one of the country’s biggest mortgage lenders.

Evening Standard

Britain’s most and least expensive cities for first-time buyers revealed

Rightmove analysed 60 major urban locations across Britain to reveal the most and least expensive cities for would-be homebuyers

Daily Mirror

Most and least expensive places to buy a home in UK revealed - see full list

Property costs continue to remain at some of the highest prices the UK has ever seen - but some cities are more suited for first time buyers with one being crowned the "cheapest" city to buy your first home

The Guardian - UK

UK mortgage lending hits record low in sign of housing market stress

Bank of England data shows sharp dip in borrowing as Nationwide says house prices falling at fastest annual rate since 2009

The Guardian - UK

Eurozone inflation falls to 6.1%; Brexit a ‘historic economic error’; US private payrolls rise – as it happened

Eurozone inflation eased more than expected last month, as former US Treasury secretary Larry Summers warns Brexit helped to drive up UK inflation

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