In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]
London house prices continue to fall as cooling property market spurs rush to sell August 18, 2014 London house prices are falling for a third month in a row, according to a major property site, the latest sign of a groundswell of sellers flooding the market. New selling prices dropped 5.9 per cent between July and August, according to Rightmove. Although prices are still 10.3 per cent higher than in the [...]
Would you pay £737 a month for this tiny flat? June 3, 2014 For the dazzling price of £737 a month, you can pick up this studio flat on Kember Street. First listed just over 12 hours ago, it still seems to be very much on the market. The marketing agency refers to the apartment as "fully self contained with its own en-suite bathroom and kitchenette". The property [...]
Forget a penal mansion tax: It’s archaic council tax that needs desperate reform October 7, 2014 WHILE the party conference headlines have focused on Ed Miliband forgetting to mention the deficit, both the Labour leader and David Cameron were also guilty of only referring to “investment” twice in their conference addresses. When that happens, you know political minds are on next May’s general election, rather than on what is best for [...]
Here are 600 properties Mark Simmonds can afford in London, despite resigning because £120,000 MP salary is not enough August 12, 2014 The Conservative MP and Foreign Office minister Mark Simmonds resigned yesterday, telling the BBC that pay for MPs was not enough for him to spend time with his family in the capital. He said the “intolerable” situation was due to the lack of financial support for MPs which he claims is not enough to rent [...]
Entrepreneurial spirit alive and kicking in UK September 15, 2014 ENTREPRENEUR of the year The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business. According to campaign group Startup Britain, more than 410,000 new businesses launched in the UK in 2014 so far – up from [...]
London Report: Home lending up but rise in UK prices is slowing July 27, 2014 MORTGAGE approvals figures appear likely to show the housing market is moving again, after tough new MMR loan tests slowed lending figures. However, house price data due on Thursday suggests prices may not be soaring as much as earlier this year. They are expected to have risen 0.5 per cent month-on-month in July – the [...]
Best of the Brokers for 30 April 2014 April 29, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com RIGHTMOVE UBS has upgraded the online real estate company from “neutral” to “buy”, with the target price unchanged from 3020p. The broker thinks Rightmove offers promising long term growth against the backdrop of an improving UK housing market, with better margins than its [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]