Rightmove is holding firm, having rejected an unsolicited takeover bid from Rupert Murdoch’s REA Group.
Murdoch’s online property group is contemplating a £4.4 billion acquisition of Rightmove.
Australia’s REA Group, an online property advertising firm majority-owned by Rupert Murdoch’s News Corp, is considering a potential takeover of Rightmove in a deal estimated at around £4.4 billion.
Households with mortgages face the largest impact from inflation.
Over the past year, families with mortgages in Britain have experienced the most significant increase in living costs compared to other households due to sustained high interest rates.
UK Housing market will improve this year, says Rightmove
Rightmove anticipates improvements in the UK property market this year and expects a slight increase in its customer base compared to 2023.
UK mortgage approvals reach 18-month peak
According to recent figures from the Bank of England, mortgage approvals for home buyers in March reached their highest level since September 2022.
The UK House Listing Prices Surge by £5,000 in One Month
So far this month, asking prices have surged by over £5,000, fueled by a more stable mortgage market boosting confidence in property values.
UK House prices rise for first time in six months
For the first time since July, asking prices for homes on the market have risen, driven by declining mortgage rates and growing market confidence.
UK borrowers mortgage rates experience largest decline in more than a year
UK borrowers are set to receive some much-needed relief as mortgage rates see their most significant decrease in over a year.
UK house prices experience their most significant increase in a year.
According to a lender, house prices saw their most substantial improvement in a year, driven by increased mortgage affordability and optimism about potential interest rate cuts, revitalizing the market.
UK average price tag on a home jumped by around £4,500 in January
In January, the average home’s price tag rose by approximately £4,500 compared to the previous month, as reported by a property website.
Estate agents assert that the housing market is ‘moving towards a positive path’.
Halifax initially forecasted an 8% decrease in house prices for 2023, yet homeowners ultimately experienced a 1.7% increase in their property values.
In December, there was no change in house prices, as reported by Nationwide.
In 2023, UK house prices experienced a mild decline, defying expectations of a significant downturn, as indicated by data from one of the country’s largest mortgage lenders.