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The Latest Breaking News on Real Estate

Bank of England raises interest rates to 5% amid mortgage crisis

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

The Independent UK

Bank of England pushes interest rates to highest levels in almost 15 years

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

The National (Scotland)

Unexpectedly high interest rate rise puts more pressure on mortgage holders

Rates are now at the highest level in almost 15 years

Wales Online

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What the Bank of England's interest rate rise to 5% means for your mortgage

Millions of homeowners across the UK are expected to be hit hard by today's announcement

Manchester Evening News

Bank of England raises interest rates to 5%

The Monetary Policy Committee votes in favour of raising rates for the the 13th time in a row

Insider UK

Bank of England hikes interest rates to 5% - what it means for your money

The central bank's base rate was upped by 0.5 percentage points from 4.5% and remains at its highest level since the 2008 financial crash

Daily Mirror

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

The Guardian - UK

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Mortgage warning for millions as interest rates set to rise again today

The Bank of England is set to increase the base rate for the 13th time in a row

Liverpool Echo

Planning consultancy firm Marrons appoints new Bristol director

Marrons said it was looking to make further additions to its South West team as part of a growth strategy for the region

Birmingham Post

Bank to hike rates again as Rishi Sunak struggles to tackle rising inflation

Government under fire over mortgage crisis as Bank set to hike rates again

The National (Scotland)

Acorn Property Group begins work on Somerset development

The property developer has offices in Exeter, Newquay and Bristol

Birmingham Post

Council rejects Jock's Lodge student flats plans

Community campaigners against the development admit an appeal may now be made to the Scottish Government

Insider UK

Crichton Trust to "reflect" on Dumfries and Galloway Council decision not to progress with Ladyfield

Councillors would prefer to create a Dumfries masterplan and review housing allocations in the town as part of a new local development plan

Daily Record

Labor under pressure to freeze rents as Greens and Coalition back inquiry into housing crisis

Greens urged to back government’s fund as advocates say housing is needed now and politicians need to ‘start taking action’

The Guardian - AU

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Evening Standard

Bank of England set to raise interest rates again as high inflation sticks

Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon

Evening Standard

Sadiq Khan warns London faces ‘a wave of repossessions’ unless government intervenes

Mr Khan called for ‘flexibility’ in mortgage deals

Wallpaper

Self-build home guide: a how-to inspired by the award-winning Secret Garden Flat

Architect Nic Howett tells how to create the perfect self-build home using the case study of his award-winning Secret Garden Flat in London

The New Daily

Treasurers to discuss housing supply, affordability

Housing supply and affordability will be a key issue for the federal treasurer and his state and territory counterparts as the Greens block the housing fund.

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USAFacts

Where do people pay the most and least in property taxes?

Owning land, homes, or other buildings can be expensive — here’s where people are paying more of their income on them.

The Independent UK

Rishi Sunak says he feels ‘deep moral responsibility’ to cut inflation

Prime minister to say it is imperative he ‘hold his nerve’ in commitment to half inflation

The Guardian - UK

Let’s not pretend Labour has found a way to defuse the ‘mortgage timebomb’

Starmer and his party seem to have concluded direct support for homeowners cannot be justified – but it’s smart politics to be seen to take on the banks

Manchester Evening News

This is how much house prices have gone up in every Greater Manchester borough

The market remains hot across the region as property costs continue to sour

Evening Standard

160,000 Londoners falling behind on rent payments, analysis finds

Mayor Sadiq Khan said new polling data showed why he should be allowed to bring in rent controls, but the Government said the measure “does not work”

Salon

Expert: Trump's Oman deal poses "threat"

This "gives him an opportunity to line his pocket with millions of dollars in foreign income," expert warns

The Independent UK

Foundations buoy a new movement of renters’ activism

After years of rising rents, a group of Kansas City, Missouri, renters came together in 2019 to form KC Tenants, armed with an annual budget of $30,000 and demands for a bill of rights to protect renters from rising prices, unjust evictions, and landlord abuse

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