Can the UK economy cope with sustained house price falls? June 19, 2018 Brexit uncertainty is far from over. Indeed, as we approach the crunch point in negotiations over the summer, we expect rhetoric of hard Brexit and a cliff edge to reach a crescendo, before a final deal is agreed in September or October. Meanwhile, business and consumer confidence are likely to continue to suffer, causing decisions [...]
City house prices plummet as London market continues to cool June 18, 2018 The price of homes in the City and its surrounds has slumped as the London market continues to chill, according to a study from real estate firm Your Move. The research showed that house prices in the City fell 25.9 per cent in the year to April, although this was only on a small number [...]
As the weather heats up, London house prices settle in for a chill June 18, 2018 As the often busier spring housing market comes to an end, the price of homes in London has continued to drop, according to a highly regarded report from Rightmove, the UK's largest online real estate company. The Rightmove house price index shows that new homes on the market this month were priced 0.9 per cent [...]
Mapped: The risers and fallers of London boroughs ranked on house price growth so far this year June 18, 2018 London house prices had annual growth of 2.9 per cent, according to the latest Your Move figures for April, marking the lowest rate since March 2012. Prices fell on a monthly basis – dipping 0.3 per cent – taking the average house price in London to £636,947. The latest figures show a number of London [...]
City Moves for 15 June 2018 – who’s switching jobs at Grayling, Ashfords and Investcorp? June 15, 2018 Today's City Moves covers communications, legal eagles and alternative investments. Take a look at these movers and shakers: Grayling Grayling, the integrated global communications company, in partnership with Citigate Dewe Rogerson, Quiller and other companies in the Huntsworth PR Group, have recruited one of the world’s leading trade and competition lawyers, Shanker Singham, as a [...]
London house prices continue to fall as capital sees UK’s sharpest drop June 14, 2018 London’s house prices have continued to fall in May, with the capital seeing the UK's biggest decline, according to surveyors. A highly-regarded survey published this morning also revealed that London is the only region where prices are expected to fall further over the next year. The report, published by the Royal Institution of Chartered Surveyors [...]
Residents versus the local economy: The battle of Oxford Street pedestrianisation June 14, 2018 Last week, we heard of Westminster council’s surprise decision to pull the plug on a joint plan with the mayor of London to pedestrianise Oxford Street. Coincidentally, the shelving of the £60m project came a day after House of Fraser’s decision to pull its own plug on its flagship Oxford Street store alongside 30 others. [...]
How house prices across the UK have changed so far this year June 13, 2018 Average house prices in the UK rose by 3.9 per cent in the year to April 2018, according to the Office for National Statistics' UK house price index. The average price of a property in the UK was £226,906. For England, the April data from the ONS showed that on average, house prices had risen [...]
Don’t get caught up in your mortgage lender’s game of Space Invaders June 13, 2018 You might be familiar with Space Invaders – the computer game where you have to shoot aliens. According to UK Finance, that retro 70s game resembles the challenge that lenders face in the interest-only mortgage market. That is, once lenders have recouped cash from the easy targets (or borrowers), they then have to take [...]
Ranked: London boroughs where the most homes were sold last year June 11, 2018 The proportion of homes sold in London was lower than any other part of England and Wales last year, according to analysis of Land Registry data by property group Knight Frank. In total, 3.2 per cent of all private London residential properties were sold in 2017, well below the average of 4.1 per cent for [...]