UK House Prices to Rise up to 3% in 2025 says Halifax

19 Dec 2024 CW Team

British house prices are expected to increase by up to 3 per cent next year, as property remains in short supply across much of the country and new home construction has been weak, according to a prediction made by mortgage lender Halifax.

Amanda Bryden, the head of Halifax mortgages, explained that the uneven availability of properties for sale, in relation to demand, continues to support prices. She also noted that higher mortgage rates compared to a few years ago might have made some homeowners hesitant to sell, as it could trigger an immediate increase in their monthly mortgage costs when they move.

Last week, British Prime Minister Keir Starmer announced plans for an overhaul of the planning system, aiming to speed up the construction of new homes and boost economic growth.

Rival mortgage lender Nationwide stated that it expected house prices to rise between 2 per cent and 4 per cent in 2025.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..