London asking prices to hit record levels in 2014 December 15, 2013 INITIAL asking prices for London homes are set to rise by six per cent next year, a slowdown on 2013 but still taking London prices to new all-time records, new research out today shows. According to Rightmove’s latest house price index, the average price of property coming to market in London is up by 10.6 [...]
Scale of house price boom in prime London revealed January 20, 2014 AVERAGE house prices have doubled to over £1m in dozens of wards inside and surrounding London in the past decade, soaring despite the effect of the financial crisis. Research by property group Savills and the Property Database, based on Land Registry figures, shows the huge rise in prices recorded in the most sought-after parts of [...]
Housing market cools for winter but price growth beating wages November 17, 2013 HOUSE prices this month are still up four per cent on November last year, despite a small seasonal dip from October. According to Rightmove’s latest house price index, London prices are up by 6.9 per cent in the same period. In the year to September, average weekly earnings only rose by 0.8 per cent. Between [...]
UK hedgie wins crown as best trader last year January 9, 2014 A BOUTIQUE London-based hedge fund has stolen the crown from its larger Mayfair rivals to emerge as the best performing fund in Europe and one of the top five in the world, a list out today shows. Clareville Capital, the so-called celebrity hedge fund led by trader David Yarrow, delivered investors a 54.1 per cent [...]
Best of the Brokers for 31 October 2013 October 30, 2013 RIGHTMOVE Canaccord Genuity has raised its price target on the online real estate portal to £30 and maintained its buy recommendation. The analysts said that they expect UK estate agents to reinvest a large proportion of their additional revenue in marketing spend, via sites such as Rightmove. TULLOW OIL Investec has upgraded oil and gas [...]
US house prices soar by over 13 per cent in just a year November 26, 2013 US house prices are climbing fast – up 13.3 per cent in the year to September according to the S&P/Case Shiller index. That's well above the 13 per cent increase that analysts had been expecting. On this side of the pond, house prices increases are more moderate – at least at the national level. They [...]
London Report: GDP figures and housing prices reveal recovery October 20, 2013 GROSS domestic product (GDP) figures due on Friday are expected to reveal the UK’s solid recovery prospects, coupled with further good news from Nationwide and Rightmove housing figures earlier in the week. Analysts predict further improvement in the economy, with third quarter GDP expected to rise. “We expect GDP to rise 0.8 per cent quarter-on-quarter. [...]
Osborne’s great British sell-off January 7, 2014 MEMBERS of the public and businesses will today be offered the chance to buy government land and property on the open market, a landmark change designed to raise money for Treasury coffers and free up space to build new homes. The scheme, announced today by chief secretary to the Treasury Danny Alexander, will see a [...]
Why more young people than ever are living with their parents January 21, 2014 (ONS) Over a quarter of British adults between the ages of 20 and 34 were living with their parents last year – that’s 3.3m people and the biggest increase since the crisis, according to figures from the Office for National Statistics. Increasing living costs and job pressures carry on preventing people from moving out. [...]
Estate agents label price hikes unsustainable October 21, 2013 ASKING prices for London houses have soared again this month and are climbing at an unsustainable rate, according to new figures released today by Rightmove. According to the property site, asking prices climbed by a huge 10.2 per cent between September and October alone. The average asking price for a house in greater London is [...]