The UK government is being urged to act swiftly to address the growing housing crisis in this country, as demand continues to heavily outweigh supply.

Mortgage rates have fallen despite the Bank of England raising the Bank Rate just over a week ago, as experts said a "fierce price war" had broken out between lenders.

 Too early to tell whether activity in the housing market has started to recover.

The ONS says a lack of Premier League football because of the World Cup contributed to a contraction in output during the final month of 2022.

By mid-2023, the UK base rate is predicted to reach 4.5%, as a result the majority of landlords are planning to raise rents to offset any increase in mortgage rates and additional expenses.

 The north-south house price divide may be narrowing, eXp UK claims.

The government has imposed a six-week deadline for housing developers to sign legally binding contracts that will commit them to pay to repair unsafe buildings.

The Bank of England’s decision to hike interest rates to a 15-year high is set to see mortgage payments rise for millions of homeowners.