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Property News Headlines

UK banks approve fewer mortgages as new tax weighs

LONDON The number of mortgages approved by British banks in March fell to its lowest number since December, hit by the approach of a higher tax on buy-to-let properties, industry figures showed.

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UK rental property prices dip as tax hits, overall prices up

LONDON Asking prices for rental properties in England and Wales have fallen, hit by the introduction of a new tax, but prices in the housing market as a whole have continued their rise, online property listings firm Rightmove said.

UK construction slips in February, housebuilding strong

LONDON Britain's construction sector weakened slightly in February but construction of new homes hit a record, helping lift overall construction output in the previous three months to its fastest growth in nearly a year.

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