Shortage of homes means two thirds of Londoners will be renting by 2025, says PwC February 16, 2016 London is on its way to becoming a city of renters, ending a century-long trend towards homeownership, new research reveals this morning. Over 60 per cent of Londoners will be renting by 2025, up from 54 per cent today, financial services giant PwC said. Only 41 per cent of Londoners had to rent in 2000. [...]
Greater London rental prices rise at slowest pace in nearly two years February 10, 2016 Greater London rents rose at their slowest rate in almost two years in January, according to research released today by HomeLet, suggesting that prices in the capital may have reached their peak. The insurance provider’s latest rental index reveals that prices rose by 6.2 per cent in the three months to January compared to the same [...]
How Iglu.com founder Richard Downs is taking on the world in the growing market for cruise holidays June 7, 2016 The internet has turned the travel industry on its head, giving ordinary people unprecedented opportunities to create bespoke holidays that were once the preserve of the rich. But it’s not just online travel warehouses like Airbnb and Expedia that have pushed the traditional agent off our high streets. The internet has enabled specialist providers to thrive [...]
Buy to let tax changes: Why a landlord exodus remains unlikely March 16, 2016 The growth of buy-to-let has been among the defining characteristics of the post-crisis mortgage market. Council of Mortgage Lenders figures released this month show that lending to landlords accounted for 17 per cent of all new loans in the third quarter of 2015. With rising property prices, meanwhile, property consultants Savills estimated last year that [...]
Landlords make last minute dash to beat buy-to-let stamp duty hike deadline March 31, 2016 Landlords and agents were scrambling to complete last-minute purchases of second home and buy-to-let properties today ahead of stamp duty hike which comes into effect at midnight. George Osborne's clampdown on buy-to-let properties was announced in November's Autumn Statement as part of a raft measures designed to tackle the housing crisis and help more first-time buyers on the property [...]
First homes revealed at Quebec Quarter as part of 10-year revamp at Canada Water February 23, 2016 Champagne sits in a bucket, ready to be poured into designer flutes and raised to the unusually high ceiling in the show room of a two bedroom apartment. Earlier in the week, this very room had convinced a cash buyer from Paris to part ways with around £800,000 cash for a second home. These are [...]
UK house prices: A quarter of people living with parents don’t think they will be able to afford to move out until they are at least 35, according to new research January 26, 2016 A quarter of people who currently live with their parents don't think they will be able to afford a home until they are at least 35, according to new research. Research from the Consilium Strategtic Land Fund revealed that a further 12 per cent don't think they will be able to buy a home until they [...]
Canary Wharf homes are now a reality – get them while they’re hot March 3, 2016 When the first homes went on sale at 10 Park Place on the Canary Wharf estate, there were buyers queuing a day early for them. When developer Galliard launched Maine Tower nearby, around £140m of property sold out within four hours, the equivalent of £580,000 worth of sales every minute. Now, it’s Telford Homes’ turn [...]
London house prices to reach £931,000 by 2025, more than double the UK average December 17, 2015 Just when you thought the housing market couldn’t get hotter: the average London house price is set to reach £931,000 by 2025. UK house prices are set to rise by 50 per cent, while rents will increase by more than 25 per cent by 2025, according to the Association of Residential Letting Agents (ARLA) and National [...]
Britain needs an industrial house-building revolution to tackle housing market failure January 14, 2016 The world is moving from uncertainty to instability. Economic, political and social “flashpoints” include the United States, EU, China, North Korea and the Middle East. While the UK has sensible economic goals – 2.5 per cent growth, 2 per cent inflation, £1 trillion of exports by 2020 and improved public finances – progress is mixed. [...]