London and UK house prices rise: First-time buyers face stiffest competition as average home in capital hits £615,115 July 16, 2015 London house prices climbed 7.8 per cent over the past 12 months, new figures show, with demand outstripping supply most heavily in the first-time buyer market. The average greater London house price is currently £615,115, according to data published today by Rightmove. Properties at the top end of the market have seen the biggest 12-month [...]
Could fintech be opening the door to more financial crime? December 8, 2017 Fintech startups aim to disrupt current practices and to do it fast. The emerging business model requires product managers find a buyer need, put out a minimum viable product, and iterate change in response to customer use. However, all this innovation—especially with entrepreneurs who have more tech savvy than experience in financial services—opens opportunities [...]
Highest London house prices dip: Kensington and Chelsea, Camden and Richmond fall as bottom end gets boost from first-time buyers July 19, 2015 Some of the capital’s most expensive residential areas saw house prices drop sharply this month, according to data released today, with high demand supporting the lower end of the market. In Kensington and Chelsea, London’s most expensive borough to buy in, prices dropped 7.2 per cent from June to July, according to Rightmove. [...]
Here’s how far fixed rates have fallen in the last six years August 4, 2016 Fixed rate mortgages have fallen continuously for the past six years – with marked falls taking place before the Brexit vote. Rates have fallen by an average of 2.5 per cent since 2010, according to data released today from Legal & General. Read more: Experts are not impressed by HSBC's new 0.99 per cent fixed [...]
Here’s why parts of London’s prime rental market have been boosted by Brexit vote August 3, 2016 Data released today suggests that there are sections of the prime rental market in central London that have benefited from Brexit. According to data from London estate agents Portico, rent prices for two-bed properties in Kensington and Chelsea have gone up by 0.4 per cent from May to July. The average rental price for a [...]
Time to remortgage? The rates on two-year fixed deals are very low, but watch out for additional fees October 27, 2016 Brexit has been kind to mortgage holders. As the Bank of England’s interest rate has come down, banks have been able to borrow more cheaply, allowing competition to increase and mortgage rates to fall. Borrowers have been quick to take advantage of the deals on offer; in August, the number of people remortgaging hit a [...]
Surprise: Asking prices have jumped to new record highs of £308,151 across England and Wales May 16, 2016 In what seems now to be an ongoing trend, asking prices in England and Wales jumped to a new record high of £308,151 on average in May. The "eye-watering" increase is a rise of £1,118 on the previous month, property website Rightmove said in figures released today. The price uplift has come despite a flurry to [...]
Focus On Barking: Will Khan’s approval for ‘Barcelona-on-Thames’ change the landscape of east London? September 16, 2016 It’s not often Barking – an industrial suburb of east London – finds itself in the spotlight. But that’s exactly what happened this month when Mayor of London Sadiq Khan approved “one of the largest and most ambitious regeneration schemes in Europe” on the north bank of the Thames. Barking Riverside, as it’ll be known, [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year August 3, 2016 Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]
Home ownership has fallen to its lowest in 30 years across all major English cities – not just London August 2, 2016 Home ownership has fallen to levels last seen in the UK in 1986, a major new report has revealed – and it's not just in the capital where it's hitting hardest. The report, by think tank the Resolution Foundation, showed the proportion of Britons owning their own home has fallen eight percentage points since it peaked at [...]