New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
1 in 3 Londoners have no retirement: How property could be the answer to a fruitful retirement July 11, 2018 | Sponsored Most people dream of a comfortable, long retirement, but with the current state pension sitting at just £125 per week, and the full new state pension (for a man born on or after 6 April 1951 or a woman born on or after 6 April 1953) just £168 per week, the reality is somewhat sobering. [...]
Opinion: Look behind the headlines to the data and London house price falls are nothing to worry about July 10, 2018 “Facts are stubborn things, but statistics are pliable.” This refrain from Mark Twain is as true now as it ever was, especially when it comes to assessing what’s going on in the London housing market. Headlines such as “London Falling: House prices in the capital experience lowest growth since financial crisis” might have sent shivers [...]
Cheesegrater 2 gets the green light to become third tallest City building July 10, 2018 Hopes to build "Cheesegrater 2" have been given the green light today, in plans that will make the 56-storey development the third tallest building in the Square Mile. City of London’s planning committee approved permission from Hong Kong-listed real estate giant Lai Sun Development Company to develop the new commercial landmark at 100 Leadenhall Street, [...]
City of London is the worst offender for empty properties July 9, 2018 There are more than 10,000 commercial properties sitting empty in central London, with new figures revealing that the City has more unused space than any of its neighbours in the capital. According to a series of Freedom of Information requests by property guardian company Live-in Guardians, there are as many as 10,681 empty commercial properties [...]
Online estate agent giant suffers share price drop amid expansion spree July 5, 2018 The share price in UK online estate agent Purplebricks tumbled nearly five per cent in early morning trading, as the firm announced widening pre-tax losses. Final results today show that pre-tax losses rose to more than £26m in the year leading up to April 30, up from just above £6m losses the year before, due [...]
A third of London investors think property is no longer a good investment July 3, 2018 More than a third of London investors now believe property is no longer a good investment, according to new research. In the latest indication of a slump in London’s property market, the figures also showed that only 17 per cent of high net worth investors who own buy-to-let properties planned to increase their portfolio in [...]
Sluggish house price growth in London while Manchester and Edinburgh soar June 29, 2018 London house price growth has fallen to a nine-year low, according to new figures out today. Growth in the capital’s flagging property market fell to a year-on-year low of 0.4 per cent in May, while Edinburgh and Manchester house prices soared to 7.1 per cent and 7.0 per cent respectively. The latest data from property [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]