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UK annual house price growth rose to 2.2% in March, up from 1.0% in February, suggesting the market regained some momentum after a slowdown at the start of the year. Across Q1, most regions recorded modest annual price increases, with only two of the 13 regions seeing declines: Outer South
The government has confirmed seven proposed new town locations across the UK, each expected to deliver at least 10,000 homes, with some developments exceeding 40,000. The locations include Tempsford, Leeds South Bank, Crews Hill and Chase Park, Manchester Victoria North, Thamesmead, Brabazon and West Innovation Arc, and Milton Keynes. These
The UK’s private rented sector (PRS) is shrinking. While the total value of UK housing rose by 3.8% last year, the PRS fell by 5.1% – marking three consecutive years of decline and a £79bn reduction since 2022. However, landlord sales do not automatically mean homes leave the sector –
The Bank of England voted in March to keep interest rates unchanged at 3.75%, while cautioning that the Middle East conflict could yet stoke inflation and push borrowing costs higher. For mortgage markets, the five-year swap rate remains the key benchmark, underpinning the pricing of fixed-rate deals. Since the onset
