New homes: Our pick of the new builds going on sale in London this weekend December 17, 2018 New developments on the market this week Ternary Place, Ealing From £118,500 for 30 per cent of a one bedroom flat (fmv £395,000) Viewings for the last five apartments available to part-buy, part-rent are taking place this Saturday. There are 12 one and two bedroom flats on sale through Shared Ownership a four minute walk [...]
London house sales drop over political uncertainty, according to Rightmove data December 17, 2018 Londoners are hesitant to sell their homes due to political uncertainty, according to new research. The number of properties that were brought to market this month was down 19 per cent on the same period last year, leading to a smaller than usual December price drop of 1.8 per cent. Inner London home owners were [...]
Legal Q&A: I live outside the UK and I am considering buying a pied-a-terre in London. Would it save UK tax if I bought it through a company, or should I buy it in my name? December 13, 2018 Until a few years ago, the general advice for a non-UK resident buying UK residential property was often to buy through a non-UK company. A key benefit was that it would provide a shelter from inheritance tax (IHT). Non-domiciliaries only pay IHT on UK assets and if the property was held by a company, the [...]
Purplebricks cuts forecasts despite leap in revenue amid ‘challenging’ market conditions December 13, 2018 Online estate agent Purplebricks has slashed the upper end of its forecasts this morning, as the firm echoed the concerns of its industry rivals over the tough headwinds facing Britain’s property market. The Aim-listed firm said today that it was projecting full-year revenues of between £165-175m, compared with a previous forecast of £165-185m. However, in [...]
Brexit jitters dampen London property market as activity slumps, says Rics December 13, 2018 Fresh fears for the future of London’s subdued housing market have been brought to light this morning, with a new closely-followed survey suggesting that a growing number of the capital's buyers and sellers are sitting tight as Brexit jitters mount. Painting a downbeat picture for the upcoming months within London’s residential property market, the Royal [...]
Rate of remortgaging surges to ten-year high as homeowners lock in amid ‘competitive market’ December 12, 2018 Britain saw its highest levels of remortgaging in a decade during October, with homeowners locking into new deals as competition between lenders heats up. According to new figures from UK Finance there were 50,500 new homeowner remortgages completed in October, rising 23.2 per cent when compared with the same month a year earlier. The £9.2bn of [...]
Record number of new student beds provided as university accommodation market shows no sign of a slowdown December 12, 2018 Property agents are hailing a record year for the UK’s university accommodation market, with private investors ramping up their role in the sector to capitalise on the booming demand from overseas students. Real estate giant Cushman & Wakefield has said this morning that more than 31,000 new student beds were delivered for the 2018/2019 academic [...]
Holiday Homes: Thinking about buying a ski home? Read our guide on prices, places, powder and trends December 11, 2018 As the ski season descends upon us, it’s time to take a look at the best places to buy a ski home in the world, just in case you hit the slopes and never want to leave. Thankfully, we’ve got all the latest facts and figures at our disposal, thanks to the World Research team [...]
Focus On Pimlico: This central spot is the perfect place to pick up a period conversion flat and benefit from the re-development of Victoria December 11, 2018 In London, you often have to make the choice, whether to live in a traditional part of town that’s earned its towering house prices, but isn’t likely to soar again anytime soon; or take a punt on an up-and-coming part of town that’s better value and has the potential for price growth. Luckily, with Pimlico, [...]
Opinion: Tech hubs, new transport, and space near the city centre – why Birmingham is a smart place to buy property December 11, 2018 Birmingham continues to hit the headlines at the moment, with several factors converging to make investment in residential property particularly attractive right now in the UK’s second largest city. Everyone’s heard of the HS2 transport infrastructure, which is lined up to connect the city to London in 49 minutes. But HS2 also shifts the conceptual [...]