Opinion: London’s buyers market is a consequence of estate agents irresponsibly over-pricing properties February 23, 2018 The average London home is now sold at 4 per cent below its original asking price, according to the Hometrack Cities Index, up from just 0.5 per cent in 2014. Many are taking it as a sign that homeowners are desperately discounting their homes in an effort to sell, and that the capital has now [...]
Focus On Deptford: We delve into the housing market in the Help to Buy capital of London January 26, 2018 Since Help to Buy, the government’s equity scheme to help first time buyers on to the property ladder, was announced in 2013, it’s created thousands of new home owners. And nowhere has benefited more from this than Deptford. This once run down part of south east London is now the Help to Buy capital of [...]
Persimmon share price rockets as it sells more homes at higher prices February 27, 2018 Shares in housebuilder Persimmon jumped more than 13 per cent in early trading, after it unveiled a rise in profits and sales in 2017. The figures Pre-tax profits rose 25 per cent to £977.1m in the year to the end of December, while revenues rose nine per cent to £3.42bn. It sold 16,043 homes, up [...]
Focus On Tufnell Park: This often overlooked north London spot is attracting more professional and upsizers from Hampstead June 22, 2018 Tufnell Park is a small, quiet, in-between sort of place. Sandwiched in between the leafy village life of Hampstead, with its heath and its cafe culture, and the edgier, up-and-coming Holloway, Tufnell Park is the place for keen observers – close enough to all the action without the need to get involved. “The area was [...]
Revealed: London’s 40 first-time buyer hotspots February 9, 2017 Looking for a place to call your own in the capital is tough if you're a first-time buyer – although house price growth is lower, most places are still out of reach. But new research has listed the 40 areas in London where first-time buyers are still thriving, with prices in some of the most [...]
How much is property in Mayfair? May 11, 2018 Last month, Mayfair knocked Knightsbridge off the top spot as the most expensive place to buy in London for the first time in 10 years. Local agent Wetherells, which commissioned the report from Dataloft, puts this dethroning down to a lack of new homes being built in Knightsbridge, whereas that certainly isn’t the case in [...]
Focus on Leyton & Leytonstone: First time buyers, cafes and coffee shops take over the high streets of E10 and E11 June 13, 2017 First time buyers have a fight on their hands if they’re planning to buy in Leyton. The E10 neighbourhood, along with its E11 sibling Leytonstone, is one of the most sought-after affordable housing hotspots in the capital. The popularity of nearby Stratford has undoubtedly boosted the good fortunes of this area, as the overspill has [...]
Alton Towers owner and multi-millionaire Nick Leslau on the “constipated” property market and that rollercoaster tragedy June 12, 2018 Nick Leslau, one of Britain’s wealthiest property entrepreneurs, loves buildings other people would find ugly. “I have a thing for unfashionable buildings that people generally hate,” says the multi-millionaire who turned two sixties office blocks in London into the St Martins Lane and Sanderson hotels. “I like them because of the opportunity they represent and [...]
UK housing crisis: Let’s hope for a housing revolution in 2018 December 20, 2017 As the temporarily restored bongs of Big Ben sound at midnight on 31 December, those in the property sector could be forgiven for letting out a little sigh of relief at the passing of yet another year in which the government has resolutely failed to solve the housing crisis. Two stories today illustrate how severe [...]
Persimmon in close shave as almost half of shareholders refuse to permit pay report which awarded boss £110m April 25, 2018 Homebuilding giant Persimmon just about managed to keep its house in order today, narrowly avoiding a full-blown shareholder revolt at its AGM. The housebuilder had been in hot water over a long-term incentive plan (LTIP), approved by shareholders in 2012, which awarded its boss Jeff Fairburn a massive £110m bonus. Although Fairburn has agreed to [...]