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Britain's blue-chip index closed nearly 12 points lower, or 0.16%, at 7,169 on Wednesday

The first clues are emerging about what might happen to the housing market after the tapering down of the stamp duty holiday and how the race to beat the deadline pulled sales forward. After a frantic final leg for agents, mortgage brokers, banks, conveyancers and, of course, buyers and sellers, a leading estate agent has revealed that exchanges dropped to 40 per cent of the five year average in the first week after the cut-off. According to Knight Frank, the number of exchanges dropped to less than half the five-year average between 1 and 7 July - immediately after the stamp duty relief was ...

House prices soared by 10.9 per cent annually in May, marking the strongest growth in nearly seven years, according to the Nationwide house price index.

BBC News Published image copyrightGetty Images Average house prices have climbed about £20,000 in the last year, the Halifax says, as the buying frenzy prompted by the stamp duty holiday continues. Prices are up 8.2% in the last 12 months, the highest annual growth rate for five years, it said. Altura mortgage broker Rob Gill said "fear of missing out" (FOMO) was driving the surge. "There's a fear among buyers that they could miss out if they don't hurry up and buy before prices spiral," he said. The Halifax said that prices rose sharply in April, up by 1.4% compared with March. The averag...

UK housing market 'on the boil' as prices rise © Getty Images Coastal properties have become increasingly popular UK house prices rose by 7.1% compared with a year ago, the Nationwide has said, prompting one analyst to suggest the market is "on the boil". Popular Searches The building society said the average property price had risen by £15,916 in the last year, to reach £238,831. The Nationwide said increased savings during lockdown meant some first-time buyers would be better placed to afford a home. But prices could continue to rise as homes available did not match demand. Lucy Pendle...