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

Islington: North London council to buy back 310 ex-council flats for homeless families and Afghan refugees

Council housing buy back 'one of the largest in the country'

Evening Standard

Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme

The Guardian - UK

London remains UK's most expensive region even as house prices fall

London house price falls second highest in UK

Evening Standard

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UK house prices ‘little changed’ from a year ago but rents show record rise

The average UK house price was £291,000 in August 2023, which was little changed from 12 months earlier, the Office for National Statistics said.

The Independent UK

Bank of England chief economist says there’s still ‘some work to do’ fighting inflation – as it happened

Huw Pill warns against declaring premature inflation victory

The Guardian - UK

UK house prices rise at slowest post-summer rate since 2008 crash

Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit home

The Guardian - UK

Right first time: 10 of the best London starter flats under £500k, from Walworth to Wimbledon

It’s tough times for London buyers but those with ready cash can find a deal. Here are 10 of the best options for aspiring homeowners

Evening Standard

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“Gloomy outlook” of London housing market to last until 2024 due to mortgage affordability and cost of living

Buyer demand, sales and house prices continue to decline as mortgage affordability continues to affect the market, surveyors said.

Evening Standard

Mortgage affordability ‘hitting housing market but 12-month outlook more stable’

Buyer demand, sales and house prices continue to decline as mortgage affordability continues to affect the market, surveyors said.

The Independent UK

Map reveals best areas to move for first time buyers

Youngsters are willing to move across the country to be able to afford a home

The Independent UK

‘Up-and-coming’ locations for first-time buyers revealed

Halifax based its analysis on house prices, as well as factors that first-time buyers indicated are desirable, such as links to cities and schools.

The Independent UK

Bank of England flags concerns over longer mortgages and rise in credit card use

UK central bank’s financial policy committee says borrowing trends could lead to debt troubles in near future and longer term

The Guardian - UK

Buyer’s market: London house prices down 4.8 per cent reports Halifax

London has seen the biggest fall in house prices in cash terms of any UK region

Evening Standard

Buyer’s market fuels fastest fall in UK house prices in 14 years

High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax

The Guardian - UK

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The Independent UK

UK house prices have proven more resilient than expected, says Halifax

Despite recent house price falls,the average property value remains more than £39,000 above pre-pandemic levels, Halifax said.

Evening Standard

London house prices down 4.8% as ‘higher for longer’ interest rate fears slow demand, Halifax says

UK house prices were down 4.7% , the Halifax House Price Index found

Evening Standard

Getting on the ladder: top 10 tips for buying your first home in London

As first-time buyers become the top shoppers in parts of London, here is a quick-start guide to buying your first home

The Guardian - UK

Supply shortages and mortgage rate rises push UK rents to highest point ever

Average rental property receives three times more enquiries from prospective tenants than in 2019

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The Independent UK

Prime London housing market more robust than mainstream equivalents – Savills

Some prime London housing markets are benefitting from affluent buyers’ ability to buy with cash or low loan-to-value ratios, Savills said.

Evening Standard

London house prices fall over £20k on average as mortgage rates bite but full crash ‘unlikely’ say experts

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

The Guardian - UK

UK house prices drop 5.3% with falls in every region, says Nationwide

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

The Independent UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Guardian - UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

Evening Standard

House price forecast: will the property market rise or fall in five years?

The latest house price forecasts show values still falling but expects parts of London to recover faster than the rest of the country

The Guardian - UK

UK mortgage approvals hit six-month low as interest rates cool market

Number of house sales also fell in August compared with a year earlier, says HMRC

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