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

How can renters looking for a new home give themselves a head start right now?

As renters are being squeezed by strong competition and rising rents, Vicky Shaw finds out what they can do to help get ahead.

The Independent UK

UK house price falls spread; Wilko falls into administration; US inflation rises to 3.2% – as it happened

RICS house price balance drops again … as more mortgage holders fall into arrears and Wilko takes ‘difficult decision’ to enter administration

The Guardian - 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

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London first-time home buyers having to save £13,000 more than originally planned for a deposit

A third of prospective homeowners said that saving enough for a deposit was the biggest barrier to getting on the housing ladder

Evening Standard

West London home available for just £160,000 — but it only has one window

Close to the Elizabeth Line, in a grand Victorian townhouse, this property is 80 per cent below the average price on its street but you’ll soon see why.

Evening Standard

The UK property market is not crashing, it’s proving resilient – for now

House price falls have been modest given the post-lockdown price boom and interest rate spike but further falls seem likely

The Guardian - UK

‘It’s tough out there’: cracks in UK housebuilding sector grow by the day

Insolvencies rocket as army of small firms – seen as backbone of the sector – struggle with falling demand, rising interest rates and higher costs

The Guardian - UK

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UK house prices fall for fourth month running - here are the areas most affected

Average value dropped by 0.3 per cent between June and July

The Independent UK

UK house prices drop again as Halifax says first-time buyers are switching to smaller homes

Decline in July is fourth monthly fall in a row with prices dropping by 2.4% on an annual basis, says lender

The Guardian - UK

Average UK house price fell by nearly £1,000 month-on-month in July – Halifax

The typical UK home cost £285,044 in July, down from £286,011 in June.

The Independent UK

UK house prices drop for fourth month running, as Halifax predicts ‘gradual decline’ – as it happened

Average house price fell by -0.3% in July, and is 2.4% lower than a year ago, but Halifax doesn’t expect ‘precipitous decline’ in coming months

The Guardian - UK

House moves out of London have ‘increasingly been driven by need over want’

Higher mortgage rates and affordability pressures mean London leavers are spending £63,735 less typically than those who left in 2022, Hamptons said.

The Independent UK

London leavers at record high as homebuyers are priced out of the capital by mortgage chaos

First-time buyers make up a record 30 per cent of those leaving London this year, new data from Hamptons has found

Evening Standard

More than 60,000 homes in Scotland at risk of repossession – Labour

The Bank of England has warned that the number of people likely to struggle with debt repayments is rising as a result of increasing interest rates.

The Independent UK

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The Independent UK

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing

Exclusive: Spiralling costs disproportionately hitting those who don’t own their homes

The Independent UK

Is now a good or a bad time to put your home on the market?

Uncertainty over mortgage rates and house prices mean would-be house sellers have some careful weighing-up to do. By Vicky Shaw.

Evening Standard

OPINION - Capital rent trap: It’s time to stop Londoners being forced out of their communities

London’s renters are having to swallow soaring bills, set to hit an average of £2,700 next year as the market becomes even more brutal

Evening Standard

Capital’s home rental crisis as bills soar to £2,700 a month

‘Spiralling’ rental costs are driving families into poverty, a campaign group said.

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news in one place.

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The Guardian - UK

Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - UK

Wall Street opens in the red amid global market rout after US credit downgrade – as it happened

Global stock markets tumble after Fitch downgrade; US ADP jobs report much stronger than expected

Evening Standard

‘Soft landing’ for house prices is still possible, Nationwide says

The average cost of a home in the UK dipped 0.2% to £260,828 in July

Evening Standard

UK house prices fall at fastest annual rate for 14 years

The price of a typical home is now 4.5 per cent below the August 2022 peak

The Guardian - UK

UK house prices fall at fastest rate since 2009 after interest rate rises

Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in July

The Independent UK

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

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