First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more
UK house prices rose at their fastest pace in almost 18 months in March, although soaring mortgage rates amid the Iran war may have led to a market downturn, according to Nationwide. The UK’s biggest building society said the average UK house price rose by 0.9% month-on-month in March, the biggest increase since January 2024. … Read more
House price growth picked up in March, but conflicts in the Middle East have clouded the economic outlook and could lead to a slowdown in the housing market, according to the report. Annual growth in UK house prices rose to 2.2% in March, up from 1.0% in March, the National Institute for Construction reported. Property … Read more