Shares tumble in retirement housebuilding firm McCarthy & Stone June 19, 2018 Shares in the UK’s largest builder of homes for retirees plunged 17 per cent this morning as the firm forecasted a fall in profit after a period of disappointing spring sales. McCarthy & Stone blamed economic uncertainty and weaker property prices for the projected dip in profit, in which the firm expects to see operating [...]
Asian investors pour record amounts of cash into City skyscrapers June 18, 2018 Asian investors poured record amounts of money into London skyscrapers in the first six months of this year, with a whopping 68 per cent of City office purchases coming from Asia. According to research from real estate firm Savills, which looks at offices in the City over 20 floors, Asian buyers invested £3.1bn in the [...]
City house prices plummet as London market continues to cool June 18, 2018 The price of homes in the City and its surrounds has slumped as the London market continues to chill, according to a study from real estate firm Your Move. The research showed that house prices in the City fell 25.9 per cent in the year to April, although this was only on a small number [...]
As the weather heats up, London house prices settle in for a chill June 18, 2018 As the often busier spring housing market comes to an end, the price of homes in London has continued to drop, according to a highly regarded report from Rightmove, the UK's largest online real estate company. The Rightmove house price index shows that new homes on the market this month were priced 0.9 per cent [...]
Mapped: The risers and fallers of London boroughs ranked on house price growth so far this year June 18, 2018 London house prices had annual growth of 2.9 per cent, according to the latest Your Move figures for April, marking the lowest rate since March 2012. Prices fell on a monthly basis – dipping 0.3 per cent – taking the average house price in London to £636,947. The latest figures show a number of London [...]
London house prices continue to fall as capital sees UK’s sharpest drop June 14, 2018 London’s house prices have continued to fall in May, with the capital seeing the UK's biggest decline, according to surveyors. A highly-regarded survey published this morning also revealed that London is the only region where prices are expected to fall further over the next year. The report, published by the Royal Institution of Chartered Surveyors [...]
How house prices across the UK have changed so far this year June 13, 2018 Average house prices in the UK rose by 3.9 per cent in the year to April 2018, according to the Office for National Statistics' UK house price index. The average price of a property in the UK was £226,906. For England, the April data from the ONS showed that on average, house prices had risen [...]
As UK house prices soar, first-time buyers struggle much more than mum and dad did June 12, 2018 A third of UK residents preparing to buy their first house are struggling to save enough money for a deposit – six times the proportion of people who bought their first house 20-30 years ago. That’s according to a 2,000-person survey carried out by self-storage company, Space Station, which asked 1,000 Brits who are currently [...]
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 [...]
Ranked: London boroughs where the most homes were sold last year June 11, 2018 The proportion of homes sold in London was lower than any other part of England and Wales last year, according to analysis of Land Registry data by property group Knight Frank. In total, 3.2 per cent of all private London residential properties were sold in 2017, well below the average of 4.1 per cent for [...]