Quick Glance: UK Property Market: Declining Sales and Frenetic Rental Market
- Rics report shows contrasting picture of buyers holding back and tenants battling in bidding wars
- High mortgage rates deter buyers, while rental prices surge and tenants compete for few available properties
- Demand from tenants increases, as surveyors expect rental prices to rise
- Concerns over rising rental prices despite the cost of living crisis
UK house prices are falling less sharply, according to a survey of estate agents that suggests the property market is stabilising following the recent surge ... Show more https://on.ft.com/3MhEVzq
Fierce competition for rented properties is squeezing prices higher in a “frenzied” lettings market. Research by surveyors has found this comes as housing ... Show more
As the new head of The Firm, Charles now oversees some $42 billion in assets and inherited more than $500 million from Queen Elizabeth ... Show more
As the new head of The Firm, Charles now oversees some $42 billion in assets and inherited more than $500 million from Queen Elizabeth ... Show more
As the new head of The Firm, Charles now oversees some $42 billion in assets and inherited more than $500 million from Queen Elizabeth ... Show more
Quick Glance: Sterling drops due to falling house prices and recession worries
- British house prices see most widespread falls since the start of the COVID-19 pandemic in November.
- Increasing public sector strikes and declining house prices impact economic activity.
- Experts expect the pound to fall 11% against the dollar to $1.08 by 2023.