Falling supply lifts London’s house prices May 20, 2012 LONDON’S house prices rose strongly in April, again outstripping the national market, industry data revealed today. Meanwhile a new study shows most parents support their children in buying houses, with 11 per cent giving over £100,000, underlining the tough state of the market. Average asking prices throughout the UK stayed unchanged in the month to [...]
London still outperforms the rest of the country June 28, 2012 Q What is happening to London prices at the moment? A London property continues to outperform the rest of the UK market. The latest official data showed that average house prices across the capital are up 5.1 per cent year on year, compared to a one per cent fall across England and Wales. The average [...]
Top homes hit record high prices May 27, 2012 The average asking price for prime properties in the UK is at an all-time high following a 0.9 per cent increase last month, according to data out today from PrimeLocation.com. The asking price for the top 25 per cent of houses now averages £478,797, up 4.8 per cent or £21,756 on the year. Prime London [...]
CITY MOVES | WHO’S SWITCHING JOBS July 5, 2012 Ogier Julie Melia has joined the legal and fiduciary services firm as a partner and co-head of its property law group. She joins from Walkers, where she was a partner and head of the Jersey property team. Melia has over 20 years’ experience as a senior advocate and specialises in all aspects of Jersey property. [...]
Grainger outperforms UK market May 17, 2012 Residential landlord Grainger said yesterday that its UK portfolio was outperforming the wider housing market after its valuations rose 2.8 per cent in the first half of the year. Completed UK sales rose 5.8 per cent year-on-year to £94.6m in the six months to 31 March, while net rental income increased by 16.4 per cent [...]
Sales fall again in depressed housing market June 11, 2012 HOUSE prices fell everywhere except London last month, according to an industry survey out today, while the number of sales remains very low. A net balance of 16 per cent of surveyors reported prices falling in May, according to the Royal Institution of Chartered Surveyors (RICS), a slowdown from 19 per cent in April. The [...]
Britain’s booming population has reinforced London’s power July 16, 2012 NO other trend is as important as the population explosion since the Industrial Revolution: there are now more human beings than ever before. This holds true also for the UK: yesterday’s 2011 UK census results showed another huge rise. The population of England and Wales surged by 3.7m in the last decade – 7.1 per [...]
Housebuilder Bovis expects better margins May 16, 2012 BOVIS Homes said yesterday it expects strong profit growth this year helped by higher average sales prices and improved profit margins, and sees conditions in the UK house building market remaining stable. The company reported 783 private net reservations in the 19 weeks to 11 May, a 33 per cent increase over last year, with [...]
House of Fraser earnings drop as it invests in new warehouse May 23, 2012 HOUSE of Fraser saw adjusted earnings before interest, tax, depreciation and amortisation drop 16 per cent to £58.6m in the year to 28 January as it invested in a second distribution centre. The department store, which runs 63 sites across the UK and Ireland, said it built a new warehouse in Northamptonshire, last summer, to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 17, 2012 FINANCIAL TIMES M&S to charge for current accounts Marks and Spencer is set to become the first UK bank to shun free current accounts as it plans to charge all customers a monthly fee for banking services when it launches later this year. The retailer said it would offer two accounts, priced at £15 and [...]