Retail sales slide across Great Britain

Retail sales volumes fell by 0.9% in September 2023, following a rise of 0.4% in August 2023, new figures from the Office for National Statistics show. That’s worse than expected – economists had forecast a 0.2% monthly fall. On an annual basis, sales volumes were 1%...

Real estate leads UK stocks fall

London stocks closed down on Wednesday with real estate stocks hitting over a month’s low after Jefferies said the capital city’s office market was in “rental recession” and Ithaca Energy gained on a UK nod for the Rosebank oil and gas field....

Northern Ireland house prices fall

House prices in Northern Ireland saw their first quarterly fall in more than three years in the final quarter of 2022. The official House Price Index saw a 0.5% decline compared to the third quarter. However, prices were still more than 10% higher compared to the same...

UK House Prices Fall

House prices in the UK fell for the fifth month in a row in January, according to Nationwide Building Society. The price of the average property last month was £258,297, down by 0.6% on December. Annual house price growth slowed to 1.1%, down from 2.8% in December....

Rents rising at fastest rate

Tenants in properties owned by private landlords have faced the highest rise in rent since comparable records began seven years ago, official data shows. Rents rose 4% last year as landlords, who face their own squeeze from higher mortgage rates, passed on those...

Rents and house prices continue to rise

House prices and rents continued to rise late last year, official data shows, but experts predict a slowdown. Rent in properties owned by private landlords increased at the highest level since comparable records began seven years ago. And while house prices were still...