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BIZARRE: 4 - You Need To See This

Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened

Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank

The Guardian - UK

UK house prices could be stabilising despite falls, say surveyors

Rics data for February shows improvement in new buyer inquiries and sales

The Guardian - UK

Demand from house hunters fell for tenth month in a row in February – surveyors

The majority of the feedback points to house sales being agreed within 5% of asking prices, the Royal Institution of Chartered Surveyors said.

The Independent UK

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Builders are making thumping profits by over-charging for new homes – new findings

Welcome to the UK, where affordable housing can often feel like an oxymoron. The average national house price is £294,000, but someone earning the average annual salary of £33,000 can expect to borrow no more than £140,000, leaving a considerable shortfall. The typical first-time buyer is aged 32 and pays…

The Conversation

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

The Guardian - UK

UK property demand declines as house prices in England fall

Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body Rics

The Guardian - UK

UK housing prices and sales record fall as buyer inquiries drop

The Royal Institution of Chartered Surveyors said the overall tone of the feedback from property professionals remains subdued

The Independent UK

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House prices and sales fall as buyer inquiries drop

Property experts say the market is having to adjust to higher interest rates with new instructions staying on a downward trend

Wales Online

House prices and sales fell in January as buyer inquiries dropped

The Royal Institution of Chartered Surveyors said the overall tone of the feedback from property professionals remains subdued.

The Independent UK

Demand and supply continue to soften in Scottish housing market

Latest surveyor survey show that new buyer demand fell through January

Insider UK

Why UK house prices could plunge by 20% after the latest interest rate hike

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crash

The Guardian - UK

Welsh housing market weakens as buyer demand expected to decline in 2023

House prices and sales in Wales continue to be on a downward trajectory

Birmingham Post

Northern Ireland house price rally continues, but at slower pace, say agents

The RICS survey said agents in the province are the most optimistic of all UK regions

Birmingham Post

House price decline gained momentum in all regions across England last month

The South East and East Anglia regions are seeing the sharpest rates of house price decline across England

Evening Standard

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The Independent UK

Downward trend in house prices is gaining momentum, surveyors say

Property market weakening across all regions of England, survey finds

Wales Online

Downward trend in house prices continued at end of 2022

A net balance of 42% of UK professionals reported a decline in prices

Insider UK

Scottish house prices continue to rise - albeit at slowest rate since 2020

New buyer enquiries in Scotland fell for the eighth consecutive month

The Independent UK

Downward trend in house prices gained traction towards end of 2022 – surveyors

Expectations continue to point to rents being squeezed higher, according to the Royal Institution of Chartered Surveyors.

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Birmingham Post

Tough economic climate hits Welsh construction as activity slows

Macro-economic events, skills shortages and financial constraints are having an increasing impact on the sector

Birmingham Post

Northern Ireland housing market manages to post quarterly gains despite inflationary pressures

The RICS survey of estate agents was less optimistic about the market's future prospects

Wales Online

Home buyer demand in Wales falls for the seventh consecutive month

Latest research by RICS indicates price levels and sales expectations continue a negative trend

The Independent UK

Demand for rental homes pushes upwards as house sales market slows

A net balance of 35% of property professionals saw a pick-up in rental demand in November, according to surveyors.

Birmingham Post

Latest survey underlines Northern Ireland housing market jitters despite price gains

On balance, agents expect the market to soften in the coming quarter

Birmingham Post

Property professionals less positive about house prices in Wales survey shows

While prices have been propped up by a lack of housing stock, house price growth continues to slow

The Guardian - UK

UK house prices stall as mortgage rate rise fuels caution

The drop follows two years of growth, although property professionals recorded some regional variation

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