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 [...]
London house price growth set to outstrip rest of UK for years November 8, 2012 London house price growth will be well ahead of the UK average for at least the next five years, estate agent Savills predicted yesterday. Central London housing will get 25.6 per cent more expensive over the five years to the end of 2017, the estate agent said, compared to 10.2 per cent growth in the [...]
End of tax break prompts house price jump April 4, 2012 HOUSE prices sprang upwards last month as first time buyers rushed to beat the expiry of a temporary break on stamp duty, yet the market as a whole remains sluggish. Prices jumped by 2.2 per cent in March, the Halifax reported yesterday, bouncing back from February’s 0.4 per cent monthly decline. Yet the average cost [...]
House prices in the capital are detached by location May 20, 2012 London’s property market is outperforming but some boroughs are well off the pace LONDON Neither London, nor England and Wales, have returned to their 2008 peaks – but London is close. From March 2009, prices have grown 16 per cent in London compared to 6 per cent in England and Wales as a whole. However, [...]
Mortgage loans plummet as tax break expires May 21, 2012 MORTGAGE lending plunged in April after the stamp duty holiday expired, industry data showed yesterday, while economists warned the underlying state of the housing market is weakening. Gross mortgage lending slumped from £12.6bn in March to £10.2bn in April – a 19 per cent fall to an 11-month low, according to data from the Council [...]
Double dip set to push house prices lower April 29, 2012 House prices slowed to a crawl this month and will slump again through the second half of 2012, a new report warns today. The double dip recession is dragging down demand and consumer confidence is draining out of the market, according to Hometrack, just as supply is starting to pick up. Prices rose just 0.1 [...]
Double dip set to push house prices lower April 29, 2012 House prices slowed to a crawl this month and will slump again through the second half of 2012, a new report warns today. The double dip recession is dragging down demand and consumer confidence is draining out of the market, according to Hometrack, just as supply is starting to pick up. Prices rose just 0.1 [...]
House buyers suffer as credit conditions batter mortgages April 12, 2012 TIGHTER credit conditions are starting to impact on lending to home-buyers, according to chartered surveyors’ figures published today. Loans for home purchase dropped to 43,450 in March – an 11 per cent drop on February and the lowest since December 2010, e.serv’s mortgage monitor revealed. First-time buyers particularly suffered, with loans for homes under £125,000 [...]
Great Portland raises £140m for shopping spree in the West End November 14, 2012 GREAT PORTLAND Estates yesterday announced it had raised £140.6m from a placing of shares that will help fuel another shopping spree in London’s West End. The London-focused developer, which already owns swathes of West End property, said it plans to use the proceeds to buy “unloved assets”, let on cheap rents which it can refurbish [...]
How to get on the housing ladder May 20, 2012 THERE is no doubt about it. It’s tough out there for first time buyers. But stricter lending criteria don’t necessarily mean it’s impossible to get on the housing ladder. However, you must know the basics so you can build your decision on strong foundations. DO THE MATHS Incentives matter. It was recently confirmed by the [...]