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London property rents fell for the first time in six years in July, a major U.K. estate agency said on Monday, with landlords opting to rent out rather than sell houses in the wake of the U.K.’s vote to leave the European Union (EU). Rents in the capital city fell by 0.5 percent over the … Read more
Heddon Street in Mayfair, the London postcode district where the median house price stood at £2.9m in 2014. Photograph: Jeffrey Blackler/Alamy Buyers in England and Wales forced to spend up to 12 times their income as gap between earnings and house prices widens The gap between income and house prices has sky-rocketed so much in … Read more
The number of mortgage applications given the green light increased by 6,131 from March to April, the biggest jump in six years and a early sign that the UK housing market is bouncing back after a muted six months and disruption caused by the general election. New data from the Bank of England showed that … Read more