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The value of outstanding mortgage balances with arrears in the UK jumped by just over 50% in the fourth quarter of 2023 compared with a year earlier, according to Bank of England figures. The bank...
Mortgage balances with some arrears at highest value since late 2016, Bank of England data shows
Art was the only luxury asset to hit double-digit growth last year, jumping 11pc in value, with a Picasso painting exchanging hands for £113m.
The perfect storm of soaring levels of inflation and ever-increasing interest rates appears, finally, to be moving on.
The housing market appears more robust than last year, experts said, as the Bank of England said the base rate was being held at 5.25%.