UK house prices: London rents actually fell in the last quarter (but they are still higher than this time last year), according to HomeLet October 16, 2015 Good news for London's renters; bad news for the capital's buy-to-let investors: the average rent of a property in Greater London has fallen for the first time since February. Average rents in the wider region fell by 0.2 per cent in the three months to September, according to HomeLet. That doesn't mean it's cheap: the average [...]
Mind the price gap: Night Tube lifts values October 9, 2015 The arrival of London’s Night Tube will bring with it a price premium of as much as 10 per cent for properties close to a handful of selected stations along the route, according to research from Sellmyhome.co.uk and Dataloft. Homes close to Stratford, Willesden Green, Mile End and Canada Water are set to rise more [...]
UK house prices: The reverse ripple effect on prime London property October 15, 2015 A new expression has entered the property lexicon; the reverse ripple effect. Since the financial crash in 2008, we’re all used to price rises rippling out from the centre of London. The place to watch now is the area around it, known as Emerging Prime. You might assume that a reverse ripple simply means where [...]
Budget 2016: Here are the reactions to Osborne’s announcements on sugar tax, corporation tax, Insurance Premium Tax, Isas, education and growth prospects March 16, 2016 George Osborne has just announced some Budget surprises – a sugar tax, longer school days – as well as an increase in sin taxes on tobacco, alterations to ISAs and savings, and corporation taxes. Here's what analysts are already saying about the chancellor's latest agenda on… Personal allowance David Kilshaw, private clients services partner, EY [...]
London house prices: 15 Night Tube stations where 24-hour services will add a premium to the value of properties October 8, 2015 The arrival of London's Night Tube will bring with it a price premium of as much as 10 per cent for properties close to a handful of selected stations along the route. Homes close to Stratford, Willesden Green, Mile End and Canada Water are set to rise more than at any other station served by the [...]
Property grandee Mike Slade to step down as chief executive of Helical Bar November 26, 2015 Property grandee Mike Slade has announced he will step down as chief executive of FTSE 250 developer Helical Bar next year after more than three decades at the helm. Slade is one of the industry’s jolliest characters, who is as likely to be found racing his yacht the Leopard as he is in his company’s [...]
Generation rent on the rise: UK private rental sector set to outstrip households with mortgages July 21, 2015 The plight of Britain’s generation of renters was laid bare this morning, as new figures showed that those in the private rental sector could outnumber mortgage-holders in a decade. City analysts say there are now 5.4m households in the UK’s private rental sector – more than double the same figure from 2001. By 2025, [...]
London house prices: You’ll need to earn £77k each year to afford one of David Cameron’s starter homes October 7, 2015 Housing groups have called out Prime Minister David Cameron's new plans to accelerate the building of discounted properties for first-time home buyers, saying the government's so-called starter homes will still be out-of-reach for most workers. In his speech at the Conservative party conference in Manchester today, Cameron announced the government’s proposed “starter homes” initiative, which will be part [...]
South east and London hit hardest as UK homebuyers faced £3.6bn repair bill on properties September 5, 2015 Those who bought a home and failed to look into the condition of the property they were moving into faced a total repair bill of close to £3.6bn in 2014, according to new research. Research from e.surv, the UK’s largest chartered surveyor, shows that in July 2015 alone, UK homebuyers faced “unexpected repairs worth over [...]
London house prices might be mind-boggling for renters and young buyers, but it’s forcing creative solutions to the problem like never before October 15, 2015 This month, Daniel Radcliffe reportedly put his New York apartment up for rent at an eye-watering price of $19,000 (£12,500) per month. But now you can live the real “Harry Potter” lifestyle for a snip of the cost after an eager London renter in search of a new home tweeted a ‘room’ that was available to rent [...]