UK house prices reached a new record average high of £299,138 in January, with a 0.7 per cent month-on-month increase. Annual growth slowed to three per cent, the slowest rate since July 2024, following a market-wide decrease in December. Halifax’s head of mortgages, Amanda Bryden, noted the recovery as a positive sign, despite affordability challenges, with strong demand for new mortgages and growth in lending.
Full Article
Grenfell Tower set to be demolished amid backlash from survivors
The government has announced that Grenfell Tower, the site of a tragic blaze in June 2017 that claimed 72 lives, will be demolished over a two-year period and transformed into a memorial. Housing secretary Angela Rayner faced backlash from Grenfell United, representing bereaved families and survivors, who felt their voices were not considered in the decision-making process. Rayner was unable to provide a clear rationale for the demolition, causing shock and disappointment among those affected...
Read more