LONDON Ash, in his 30s, is about to sell his flat. His neighbour in the apartment upstairs sold easily with an online agent. In London, says Ash, a house "sells itself". "What does a (traditional) estate agent contribute?"
High-end property developers in London are restricting the supply of homes to prevent further price falls by selling entire apartment blocks to funds for rental, according to agents and investment managers.
LONDON Britain's mortgage lenders face compensation claims from hundreds of thousands of customers for incorrectly handling payment arrears, the country's financial regulator said on Wednesday.
LONDON Commercial property auctions are proving an unlikely bright spot in Britain's real estate market where a steep drop in sterling has attracted overseas buyers and local investors are as yet unfazed by potential fallout from Brexit.
LONDON, British construction output unexpectedly fell in August led by a decline in infrastructure projects but Britain's statistics office said the weakness did not appear to be linked to the Brexit vote in June.
LONDON British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote, a survey showed.
LONDON British house prices rose at their slowest pace in more than three years in the three months to September, figures from mortgage lender Halifax showed, adding to signs of a slowdown in the housing market after Britain's Brexit vote in June.
LONDON Britain's government will buy unsold homes built by developers using a 2 billion pound fund announced earlier this week, a move designed to get construction firms to commit to bigger projects, a trade journal reported on Thursday.
LONDON - Britain's construction industry unexpectedly returned to growth in September, according to a survey that will add to doubts whether the Bank of England will ready more stimulus to offset the hit of June's Brexit vote.
BIRMINGHAM, England Britain launched a 5 billion-pound homebuilding stimulus package on Monday, including plans to borrow 2 billion pounds to help address a long-term housing shortage that has become a major economic problem.