Knight Frank slashes is forecast for Prime central London house price growth October 9, 2015 An upmarket estate agent has become one of the first to admit rapid growth in the price of the capital's luxury homes might be beginning to ebb, after it slashed its forecast for house price growth in London's most exclusive areas. Knight Frank said today it had revised its growth expectations for 2016 from 4.5 per cent to two [...]
How to make London more affordable for new grads September 16, 2015 London is in the midst of a housing crisis, and the UK's poorest graduates are bearing the brunt of this, however ramping up the number of innovate housing schemes for young people could help alleviate this. Less than six per cent of new graduates who move to London come from the most disadvantaged 20 per cent of [...]
London property price boom is making flatshares unaffordable for the capital’s residents October 6, 2015 Not only is London the most expensive place to buy a property in the UK, and seemingly getting pricier all the time, it is also becoming increasingly difficult to live in a flatshare in the capital. The average monthly price for a rented room in London is £692.30, according to data from flatshare website [...]
Halifax: Reluctant sellers push UK house price growth up again September 10, 2015 Another day, another confirmation that UK house prices are rocketing, after new figures showed prices were nine per cent higher in the three months to August than they were during the same period last year. To be fair, that was still lower than the impressive 9.6 per cent rise in June – but higher than [...]
Focus On London Bridge: Why house prices are on the rise next to The Shard December 11, 2015 Children in nursery may sing about London Bridge falling down, but in property circles, it’s building up and the sky’s the limit. The area first became a part of London’s fabric due to its famously crumbly bridge, which was built by the Romans and was the first to cross the Thames. It was originally made [...]
Halifax: UK house prices show biggest monthly fall in a year in September October 6, 2015 UK house prices fell by their most in a year in September, figures published today showed, with the average house price falling 0.9 per cent from £204,722 to £202,859 between August and September. That's a huge fall from the 2.7 per cent rise between July and August. The figures, by Halifax, showed prices in the [...]
Why does the UK have a productivity puzzle? The skills gap is one factor – but there are many more issues at play here December 1, 2015 Classical economic theory talks about three “factors of production”, land, labour and capital – the ingredients required to produce things. In a speech last month Ben Broadbent, deputy governor for monetary policy at the Bank of England, correctly identified changes to the labour market as one of the causes of weakness in productivity growth [...]
Land Registry: UK house price growth in August at lowest level in two years September 28, 2015 House prices rose by 4.2 per cent year-on-year in August, according to the latest survey from Land Registry. This is the weakest annual pace since November 2013 and compares with an annual growth of 4.7 per cent in July. The average value of all properties across the UK – now £184,682 – was up 0.5 [...]
UK house prices will rise by 25 per cent in the next five years as demand outstrips supply: Royal Institute of Chartered Surveyors November 12, 2015 House prices will rise by 25 per cent over the next five years, The Royal Institution of Chartered Surveyors has estimated, issuing another warning that supply is failing to keep up with demand. Properties sold at higher prices throughout the UK for the third consecutive month in October, with 49 per cent more chartered surveyors seeing an increase, [...]
Autumn Statement and Spending Review 2015: The verdicts on George Osborne’s proposals November 26, 2015 THE BUSINESS GROUP HEAD CAROLYN FAIRBAIRN, CONFEDERATION OF BRITISH INDUSTRY, DIRECTOR-GENERAL The apprenticeship levy will be a big extra payroll tax on employers and widening the net will hit Britain’s smaller firms. This was a good spending review for longer-term investment in the economy but there’s a sting in the tail in the size and [...]