United Kingdom

Property News Headlines

UK house price growth weakest in over four years - RICS

British house prices rose at their slowest rate in over four years last month, while the number of sales slowed due to a limited supply of property and continued political uncertainty, a property industry body said on Thursday.

UK construction growth drops to 11-month low - PMI

Growth in Britain's construction industry tumbled to an 11-month low in July, as a lacklustre outlook for the economy and heightened political uncertainty deterred new orders, a survey showed on Wednesday.

UK house prices rise for second month in July - Nationwide

British house prices rose for a second month in a row in July after falling between March and May, mortgage lender Nationwide said on Tuesday, suggesting a stabilisation in the housing market which has weakened since last year's Brexit vote.

Hong Kong's LKK to buy London's 'Walkie Talkie' skyscraper

Herbal health products maker LKK Health Products Group Ltd, based in Hong Kong, said on Thursday it would buy the "Walkie Talkie" skyscraper in London from Land Securities Group plc and Canary Wharf Group plc for 1.28 billion pounds ($1.68 billion), the highest price for an office building so far in the UK.

England to ban the sale of new 'leasehold' houses

Britain unveiled proposals on Tuesday to ban the sale of new leasehold houses which oblige the owner of the lease to pay ground rent to a freeholder, after concern some buyers are facing sharply increasing costs for years afterwards.