Mortgage approvals jump to 15-month high despite Iran war chaos Property Mortgage approvals made a surprise jump to a 15-month high in April, despite continued signs that the economic chaos caused by the Iran war is shaking confidence in the property market. Net mortgage approvals jumped three per cent to 65,900 in April, above the six-month average of around 63,100, according to Bank of England data. [...]
House prices fall again as property market ‘deteriorates’ Property House prices fell again in May as the mortgage rate hikes and surging energy bills caused by the Iran war continued to take their toll on the UK’s fragile property market. The UK’s average house price fell by 0.6 per cent to £278,024 in May, compared to 0.4 per cent growth in April, according to [...]
House prices will fall by two per cent this year – the most since the financial crisis Property House prices will fall by two per cent for the first time since the financial crisis this year, according to Savills, which warned mortgage hikes as a result of the Iran war had “fundamentally changed the outlook for the housing market”. The property giant was forced to revise down its property price forecast for 2026 [...]
British Land and RLAM secure robotics AI firm for London ‘innovation’ cluster May 12, 2026 London’s AI property boom is gathering pace after British Land and Royal London Asset Management secured another major tech occupier at Regent’s Place, CityAM can reveal. Robotics startup Humanoid has signed for 42,000 sq ft at One Triton Square, pushing the building to 94 per cent let just six months after completion, as demand [...]
Robert De Niro: Nobu reveals major London plans amid UK push November 13, 2025 Robert De Niro’s hospitality brand is open to considering new luxury residences in London after the success of its restaurants and hotel, the firm’s co-founders have exclusively told CityAM. Nobu Hospitality first launched in London in 1997 with a restaurant at Old Park Lane. That was followed by a hotel and restaurant in Portman [...]
Tallest skyscraper outside London approved in £1bn project November 6, 2025 A £1bn project which will see the tallest UK skyscraper outside of London constructed in Greater Manchester has been approved. Developer Henley Investment Management has secured permission from Salford City Council for its scheme at Regent Retail Park in Ordsall Lane. The proposals include a 78-storey tower which, at 895ft (272m) tall, will be the [...]
Renters and landlords ‘in the dark’ on new law, Labour warned September 10, 2025 The UK’s landlord lobby group has warned that renters and landlords ‘desperately’ need more clarity on the rollout of the government’s Renters Rights Bill. The bill, which was debated in the House of Commons on Monday, is expected to receive Royal Assent in late 2025 and to become law in early 2026. It is one of [...]
Millennials and Gen Z cling to property dream as house prices soar September 8, 2025 Millennials and Gen Z are refusing to give up on their dream of owning a home despite the steep challenges of getting on the property ladder, fresh research has found. Over 35 per cent of Gen Z and 40 per cent of Millennials think that owning a property is the most effective way to grow [...]
New property tax will mean more over-65s living in family homes they don’t need August 21, 2025 More than half of Brits living in homes too big for them. We need incentives for over-65s to downsize, not punitive property taxes.
One in ten London homes would be hit by ‘mansion tax’ August 20, 2025 A tenth of houses in London would be hit by a ‘mansion tax’ on the sale of houses above £1.5m, according to new data. In London, 10.9 per cent of houses are worth over £1.9m, according to Rightmove, compared to just 1.6 per cent of houses outside the capital, with prices ballooning in the last [...]