London house prices: Year-long boom comes to an end October 28, 2014 London house prices fell steeply in September, following a year of exceptional gains across each of the capital’s boroughs. Data published yesterday by the Land Registry shows London house prices fell 0.7 per cent in just one month. However, prices are still elevated; they are 18.4 per cent higher compared with September 2013. The price [...]
Land Registry: UK house prices have fallen 0.2 per cent since August October 28, 2014 UK house prices have fallen since August, data published by the Land Registry today showed, offering further evidence of a cooling market. The Land Registry, which uses price paid data as opposed to asking prices, said prices have fallen 0.2 per cent since August, despite rising 7.2 per cent in the year to September. [...]
London house prices: The capital could have 500,000 new homes worth £200bn by 2024 October 28, 2014 Although the rise of house prices in the capital has slowed for now, the housing crisis remains a major issue – so new data showing London's property market could grow by over £200bn over the next 10 years is encouraging. Estate agent Stirling Ackroyd says that although 570,000 new homes will be needed to satisfy [...]
Foxtons share price plummets as it issues profit warning on cooling London house prices October 23, 2014 What a difference a year makes. Just over a year after its massively oversubscribed IPO, shares in Foxtons have plummeted more than 16 per cent after it issued a profit warning saying "constrained" growth in London's housing market is likely to hit volumes in its second half. The upmarket estate agent, known for its trendy, [...]
London house prices: Property market stalls in September October 21, 2014 The inexorable rise in London’s house market stalled in September according to Sequence, a national estate agency network. The number of transactions fell by one per cent, adding to the body of evidence pointing to a marked slowdown in the London housing market. “What we are seeing is a return to normality in the housing [...]
London property: Average house price edges closer to £600,000 October 21, 2014 The average asking price for a house in Greater London is now £596,000. But although this figure is huge, analysts believe that the long-term trend is for a slowing market, even in the capital. Data from Rightmove shows prices in the capital have climbed seven per cent over the last month, and 9.6 [...]
Homeowners in property worth over £3m to be hit with £10k mansion tax October 20, 2014 Labour would tax homeowners in properties worth above £3m over £10,000 on average per year, in some cases much more, according to research by the Institute for Fiscal Studies. Under the party’s mansion tax proposals, those in homes worth between £2m to £3m would pay £3000 per year, but those in properties worth over £3m [...]
On the frontline: Does a slowing rate of growth mean lower house prices? October 20, 2014 One quarter is a long time in the property market. Our Investor View reports show Q1 growth across 18 offices at 6.5 per cent, Q2 2.1 per cent and Q3 0.1 per cent. So does a slowing rate of growth mean house prices will fall? Messrs Osborne and Cameron will be hoping not, and Douglas [...]
UK property: South east overtakes London as region with fastest-growing house prices October 20, 2014 The south east has overtaken London as the region with the fastest-growing house prices, figures published today show – despite the average asking price in the capital hitting £596,000 in the year to October. According to research by Rightmove and Oxford Economics, prices in the capital grew 9.6 per cent during the period, while [...]
London house prices may be starting to drop October 15, 2014 London house prices could already be falling, according to figures released yesterday by estate agents Haart. Prices in the capital were 3.3 per cent lower in September than in August. However, growth since September 2013 remains high at 19.8 per cent. A similar, but less extreme, trend is seen for prices for the whole UK. [...]