House prices edged up in September as the market recovered from the initial Brexit hit October 7, 2016 House prices fell 0.1 per cent in the three months to September as compared to the previous quarter, according to Halifax – but they edged up month-on-month. There was a 0.1 per cent increase in property values between August and September, following two months of house prices falling. Year on year growth hit 5.8 per cent. Read more: [...]
Rightmove: Cheapest boroughs fuel 11 per cent rise in London house prices as one agent warns it now takes 46 years to save for a deposit March 21, 2016 London house prices have climbed 11 per cent over the last 12 months, with the cheapest boroughs rising at the most rapid rate. The fastest growth was in Barking and Dagenham, according to the data published today by property website Rightmove. Asking prices in the borough, the capital’s cheapest, are 23.5 per cent higher this [...]
Rightmove: London house prices beat the seasonal slump December 14, 2015 London asking prices have gone up 10 per cent in the last year, yet some experts are warning the market could run out of steam in 2016. Prices are down 0.5 per cent compared with last month, according to figures published by property website Rightmove this morning. The smallest December dip since 2008 took asking [...]
This is how far London house prices fell in the third quarter October 12, 2016 London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]
Philip Hammond unveils £5bn housebuilding stimulus package October 3, 2016 Chancellor Philip Hammond has announced a £5bn stimulus package for housebuilders, including a £3bn fund to help build 25,000 homes during this parliament. The fund will give loans to small and medium sized housebuilders and those using innovative building methods such as offsite construction. It will also provide funding for infrastructure. Read more: London has fallen out [...]
House price confidence ticked upwards in September as Brexit fears faded September 26, 2016 As worries about the effect of the Brexit vote on the UK economy start to fade, Londoners have become more confident about the price of their home. According to research by Knight Frank, people across the UK believe the value of their house increased in September. Londoners perceived the biggest house price growth of anywhere in [...]
House prices in Chelsea have fallen by 10 per cent this year October 6, 2016 House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
First-time buyers still have to save for over a decade to get a home in London September 26, 2016 First-time buyers may have hoped the EU referendum would reverse house price growth in the UK, but a Brexit housing crash has not materialised, and saving for a deposit has not become any easier. Would-be homeowners have to save for just over 10 years to get a deposit, according to research by Hamptons International, a figure [...]
Another knock to the Remoaners as mortgage lending boosted in August September 22, 2016 Pre-referendum fears about a housing market slump have been squashed today after the Council of Mortgage Lenders published figures showing a jump in mortgage lending in August. There was a seven per cent month-on-month rise in mortgage lending in August, CML said, with the total amount borrowed reaching £22.5bn. Lending was up 15 per cent annually, [...]
London sees Britain’s largest house price drop over last four weeks August 15, 2016 London house prices were the worst performing in Britain as they fell by the largest amount over the last four weeks. The average asking price for the capital's houses dropped by 2.6 per cent compared to a national decrease of 1.2 per cent, the Rightmove house price index revealed. Westminster was the worst performing in London with prices flopping 14.5 per cent from [...]