People are pretty confident UK house prices rose this month November 18, 2016 Forget the slightly precarious economic situation both at home and across the pond – UK households are fairly confident the price of their properties have risen this month, new research has suggested. Knight Frank's house price sentiment index was at 55.3 points in November – suggesting the overall view is that prices were up during [...]
UK house prices are going to keep going up – Standard and Poor’s March 2, 2016 The UK's rapid house price growth will not end anytime soon, a major ratings agency said today. "Conditions for ongoing robust gains of UK residential property prices remain intact," Standard and Poor's said in a new report. Low mortgage rates and record high employment are fuelling demand, the report said. It added that "the search for yields in a [...]
UK house prices: This is how luxury property owners are selling their homes quicker January 25, 2016 Making a fresh batch of coffee and croissants isn't enough to convince people to part with their cash for your property anymore – at least not if you're in the top end of the market. As the super-prime market starts to cool, luxury home-owners are increasingly looking to "home styling" in order to secure the asking [...]
London’s house prices won’t rebound until 2020, according to JLL November 1, 2016 London's housing market won't recover from the hit of the referendum until 2020, property experts have predicted. According to research by JLL, the UK housing market will be "more subdued" over the next few years, and London house prices will recover in 2020 "assuming Brexit negotiations are not too detrimental". Read more: This is how the third [...]
The housing minister just admitted the government will miss its housebuilding targets November 11, 2016 The UK's housebuilding sector is "absolutely… not at the rate we need to be" in order to meet government targets, the housing minister has admitted. In an interview with Sky News, Gavin Barwell said although the UK is currently building 170,000 new homes a year, we're on course to miss a target of one million [...]
Information Commissioner’s Office hits Brighton-based Prodial with record-breaking fine of £350k for over 46m nuisance calls February 29, 2016 The UK's personal data watchdog has today slammed a Brighton-based firm with its largest ever fine issued for a "staggering" number of nuisance calls. The Information Commissioner's Office (ICO) levied a £350,000 fine to Prodial, which was operating out of a residential property, after the company sent out over 46m calls consisting of automated messages, resulting in [...]
Grainger joint venture goes on £57m west London buying spree February 9, 2016 Grainger and Dutch pension fund APG have bought a large residential estate near Kew Bridge in west London for £57.3m, as the pair continue to expand their presence in the private rental sector (PRS). GRIP, the residential property fund set up by Grainger and APG in 2013, has acquired the freehold of Kew Bridge House [...]
Airbnb has introduced a new rule in London which should cut down on “professional” hosts December 1, 2016 Until recently, the sharing economy has been a bit "Wild West" – but all that could be about to change in London, after one of its major players, Airbnb, announced a crackdown on so-called professional hosts. In a statement today the company said it is introducing automated limits on listings to prevent an entire home [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]
easyProperty lands biggest ever property deal for an online estate agent September 23, 2016 EasyProperty has landed the biggest ever property deal conducted by an online agent, acting for a private family trust. The property portal sold a £35m property portfolio that comprised 208 properties across east London and Essex; 114 of the assets were residential, 94 were commercial. Contracts between the parties were exchanged seven days after the off-market [...]