London housing bubble inflates further August 16, 2013 LONDON house prices soared to more than 12-times the average income in June, official figures showed yesterday, as economists warned the boom could prove unsustainable. Government policies to keep interest rates low and help first time buyers onto the property ladder are pumping up a bubble, analysts said. The average price in London shot up [...]
Fewer deals on offer for first time buyers August 22, 2012 THE MORTGAGE market has tightened up over the past six months, but remortgage lending has bounced back, according to reports. The number of high loan-to-value (LTV) mortgages has plummeted, with a collapse in 90 per cent and 95 per cent mortgages offered, MoneySupermarket said yesterday. Its data shows that 95 per cent mortgage availability has [...]
Further solid rise in house prices confirmed July 16, 2013 UK HOUSE prices are rising strongly, ticking up by 2.9 per cent in the year to May, the Office for National Statistics announced yesterday. The release showed the fastest year-on-year growth in prices yet seen in 2013. London contributed most to the increase, with a 6.6 per cent rise, soaring above average wage growth. In [...]
Buyers flock to market but supply shortage hits sales August 18, 2013 IN THE year to July, the number of first-time buyers in London rose by an astonishing 109.1 per cent. According to information released today by estate agent Haart, there has been a 27.9 per cent rise in new buyers across the country, and a 60.3 per cent increase in London alone. Despite this surge in [...]
London housing bubble inflates further August 13, 2013 LONDON house prices soared to more than 12-times the average income in June, official figures showed yesterday, as economists warned the boom could prove unsustainable. Government policies to keep interest rates low and help first time buyers onto the property ladder are pumping up a bubble, analysts said. The average price in [...]
Q and A July 25, 2013 Director, Douglas & Gordon Q I’m very confused about the Government’s Help to Buy scheme. Does the fact that I have owned a property before affect my eligibility? A You do not need to be a first time buyer to take advantage of the Help to Buy scheme, merely unable to afford to buy (they [...]
US politicians need to grow up before growth is shut down October 1, 2013 IT is time for Americans to decide: do they want to be a social democracy, Eurozone style, with high levels of tax and public spending, or do they want to be a small state society, with low taxes and low levels of public spending? The partial government shutdown and the political warfare between Barack Obama [...]
Investment into Europe property hits record high March 10, 2014 INVESTORS from outside of Europe spent a record €36bn (£30bn) on European real estate last year, with US, Asian and Middle Eastern investors leading the charge. According to research released today by DTZ at Mipim, the property’s industry annual conference in Cannes, this represented a 26 per cent share of total volumes invested across the [...]
Long row in prospect as Man City reject Uefa deal May 7, 2014 MANCHESTER City are on course for a summer-long battle with European governing body Uefa over their proposed punishment for breaking new financial fair play (FFP) rules. Uefa have offered City a settlement comprising a €60m (£49m) fine and a restriction on the size of squad they can use in next season’s Champions League – but [...]
Long row in prospect as Man City reject Uefa deal May 6, 2014 MANCHESTER City are on course for a summer-long battle with European governing body Uefa over their proposed punishment for breaking new financial fair play (FFP) rules. Uefa have offered City a settlement comprising a €60m (£49m) fine and a restriction on the size of squad they can use in next season’s Champions League – but [...]