Crowdfunding website offers new ways to invest in UK property development April 27, 2016 A new crowdfunding platform is offering investors the chance to buy a stake in potential housing development sites. Intro Crowd, launched today, offers the opportunity for investors to buy shares in companies owning the land plots for as little as £1,500. Gregory Baker, Intro Crowd’s chief executive, said: “The government has pledged to build one [...]
London house prices edged closer to £500,000 in November January 17, 2017 The average house price in the capital edged closer to the half a million pound mark in November, rising to £482,000 for the first time. Figures published this morning by the Office for National Statistics (ONS) showed house prices in the capital jumped 8.1 per cent in the year to November, rising 1.9 per cent [...]
Part of British chipmaker Arm to be sold to Saudi-backed Softbank Vision Fund March 8, 2017 Softbank is reportedly selling part of newly acquired British chipmaker Arm to its Saudi-backed investment fund. After snapping up the firm for £24bn in a shock mega-deal just weeks after the vote to leave the European Union last June, the Japanese conglomerate is now selling a 25 per cent stake to its Vision Fund, the Financial Times reports, [...]
Property prices are continuing to soar – and it’s not just because of stamp duty May 17, 2016 There's yet more evidence that the government's stamp duty changes forced house prices up in March – but experts are warning that a chronic undersupply of housing will continue to push prices up overall. UK house prices increased by nine per cent in the year to March 2016, up from 7.6 per cent in the year to [...]
UK home-buying stays solid in November but consumer credit rises by highest amount since 2005 says the Bank of England January 4, 2017 British house purchase numbers stayed flat in November, but still remained steady above pre-referendum levels, while UK consumer borrowing increased by the most since March 2005. UK banks approved 67,505 mortgages in November, compared to 67,371 in October, according to the Bank of England (BoE), but remortgaging levels rose to the highest levels since October [...]
UK house price growth drops to 4.1 per cent in March as slowdown in London continues , according to data from the Office for National Statistics May 16, 2017 Average UK house prices increased 4.1 per cent in the year to March 2017, down from 5.6 per cent in the year to February 2017. New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues. House prices in London recorded the second-lowest annual growth [...]
Regular home buyers feel the squeeze as investors and second home buyers storm London property market April 27, 2016 Fewer than half of all homes sold in central London over the last three months went to regular homeowners, a new report has shown, casting a light on the extent of the housing crisis in the capital. Buy to let landlords accounted for 36 per cent of property transactions during the first three months of [...]
UK house prices: Buy to let investors are swarming the property market ahead of April’s surcharge, but supply is actually rising February 22, 2016 Buy to let investors are clearly getting their houses bought before the new surcharge rules come into place: new figures show a 35 per cent surge in buyer activity as supply fell eight per cent. According to estate agent Haart, there were 15 buyers for every new property that came on the market in January. But [...]
Housebuilders have their doubts about government targets May 6, 2016 When the government revealed its target to build one million homes by 2020, plenty of those dreaming of stepping onto the property ladder must have rejoiced. However, a study out today warns that they might have celebrated too soon, as over half (51 per cent) housebuilders believe that the target will not be met, with lack of land, painfully [...]
UK house prices: Asking prices reach record highs due to first-time seller surge, according to Rightmove April 2016 house price index April 18, 2016 If you had been hoping the property market would become easier to enter this month, you might still have to wait a while… UK house prices continued to rise throughout March, according to Rightmove, and the average asking price has reached a new record high of £307,033. This was a rise of 1.3 per cent, or £3,843, compared [...]