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

Rayner attacks Tories over ‘mortgage bombshell’ as Sunak misses PMQs again – as it happened

Rishi Sunak is attending the Nato summit but will fly back to host Tory MPs at No 10 later

The Guardian - UK

A million UK households face £500 rise in monthly mortgage payments; US inflation drops to 3% – as it happened

Bank of England chief says there ‘will be consequences’ of higher interest rates, as all UK banks pass stress tests

The Guardian - UK

Gove’s department hands back £1.9bn meant to tackle England’s housing crisis

Exclusive: Department for Levelling Up, Housing and Communities returning money to Treasury after struggling to find projects to spend it on

The Guardian - UK

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Labour accuses Sunak of ‘standing on the sidelines’ as housing crisis unfolds

Shadow housing secretary Lisa Nandy hit out at the Tories over rising mortgage costs and the abandonment of housebuilding measures.

The Independent UK

Martin Lewis shares when interest rates are predicted to fall and what you should do about a fixed deal

'But all forecasts could be wrong - we don’t know'

Wales Online

Theresa May says illegal migration bill will ‘consign more people to slavery’ as MPs vote on amendments – as it happened

Campaigners urge MPs to ‘stand on the right side of history’ by voting against the government’s bill

The Guardian - UK

Mortgage rates could surpass mini-Budget peak to hit 15-year high, experts warn

Two-year fixed-rate residential mortgage reaches 6.63 per cent on Monday

The Independent UK

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Labour claims it is now the ‘only choice’ for aspiring homeowners

Shadow chancellor accuses Conservative government of having ‘broken’ housing market

The Independent UK

Fresh fears for house prices after fastest drop in 12 years

Average home loses 2.6 per cent of value as Bank of England warned not to ‘tank’ mortgage market with interest-rate rise

The Independent UK

Northern Ireland housing market ekes out gains amid UK-wide slide

The province was one of only three UK regions to record gains in June

Birmingham Post

Housebuilder reports shrinking first-time buyer numbers as mortgage rates surge

Low-cost builder MJ Gleeson said it sold fewer homes in the year to the end of June.

The Independent UK

Mapped: House prices fall at fastest annual rate in 12 years as mortgage rates soar

Annual drop of 2.6% in June is largest year-on-year decrease since June 2011, Halifax said

The Independent UK

UK house prices fall at fastest annual rate since 2011, says Halifax

Average price of property drops by 2.6% year on year in June as mortgage rates climb

The Guardian - UK

House prices fall at fastest rate in 12 years

On a month-on-month basis, property values dipped for the third month in a row

Wales Online

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news in one place.

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The Independent UK

House prices fall at fastest annual rate in 12 years

The annual drop of 2.6% in June is the largest year-on-year decrease since June 2011, Halifax said.

The Guardian - UK

US wage growth stronger than expected in June, but job creation slows – as it happened

Wages rose by 0.4% last month, while total nonfarm payroll employment increased by 209,000, and the unemployment rate has dropped to 3.6%

Daily Record

Scots who re-mortgage next year will pay extra £190 a month, Labour claims

The party estimates that 546,600 households in Scotland will re-mortgage by 2026.

The Week

When is the ideal time to buy a house?

Buying a house can be especially daunting in uncertain economic times, leaving many would-be homeowners struggling to decide if and when to take the plunge.

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news in one place.

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Evening Standard

UK faces ‘chronic lack of housing’, experts warn, as building falls at fastest rate since pandemic

housebuilding fell at a rate only seen on the onset of the Covid-19 pandemic and the late 2000s global financial crisis.

The Independent UK

Mapped: Areas with biggest house price rises and falls revealed

New research by Zoopla’s shows two thirds of homeowners saw the value of their home increase in past year

The Independent UK

Locations with biggest concentrations of property value rises and falls revealed

Some property value falls have been concentrated in southern England, while the North and Midlands have been hotspots for homes rising in value.

The Guardian - UK

70% of central London properties sold this year bought with cash – Savills

Report fuels fear that rich overseas buyers are buying properties at expense of working Londoners

Evening Standard

London renting crisis: number of private homes to rent drops to ‘disastrous’ new low across the capital

Londoners scramble for fewer properties as rents continue to soar

The Guardian - UK

Risks of UK housing crash rising by the day as fixed-rate mortgage deals end

The tipping point for the economy could come if fixed-rate mortgages rise above 7%

Evening Standard

Here’s what the average London house price buys in every borough

From Soho apartments to suburban family homes, here’s what the average London asking price buys in your area

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