UK Housing Market

Mortgage costs are expected to fall further after the Bank of England’s decision to cut rates last week, but the prospect of tax rises may dampen demand in prime markets.

Annual change -3.0%. Quarterly change - 0.6%.

Making sense of the latest trends in property and economics from around the globe

A move by the Bank to reduce interest rates will be critical to relieving pressure on mortgage holders and boosting the housing market, but the timing and speed of future rate cuts is uncertain.

Making sense of the latest trends in property and economics from around the globe

It is just days after Labour’s landslide win, but it has made bold pledges to boost housebuilding from the get-go.

Watch what the government says over the summer and what it does in its first Budget later this year

Making sense of the latest trends in property and economics from around the globe

Making sense of the latest trends in property and economics from around the globe

Competition among buyers has fallen ahead of the election, which is putting downwards pressure on prices.