There are 10 buyers for every property, propping up house prices March 21, 2017 Low supply is propping up the housing market as it has been rocked by property tax changes and uncertainty over the UK consumer's spending power. There are now 10 buyers for every property on sale in England and Wales, which Haart estate agents said was a "gap that is set to widen". House prices grew 2.6 per [...]
Bovis Homes approaches Wates boss to take over at the top March 20, 2017 Bovis Homes has held talks with the boss of construction firm Wates Group in an attempt to snap him up as the firm's next chief executive, according to reports. The board of the housebuilder identified Andrew Davies as the person to succeed David Ritchie, who exited the firm in January after a profit warning, Sky News reported. Read more: Top [...]
Through the roof: The seven London boroughs where house prices will rocket in 2017 March 20, 2017 House prices will rocket in east London this year while values in the centre of the capital have stagnated, and in some boroughs, have started to fall. Outer boroughs such as Redbridge, Havering and Croydon recorded double-digital growth last year and are among the seven boroughs that are tipped to see the highest house price growth this year. Read [...]
Here’s how much house prices grew this month March 20, 2017 Annual house price growth was slashed in March, failing to keep pace with the inflation seen when buy to let landlords were rushing to close property deals before the stamp duty tax hike. Asking prices were up 1.3 per cent (£3,877) in March as compared to the month before, according to Rightmove. Read more: House [...]
Bovis Homes urged to pursue deal with Redrow over Galliford Try by top 10 investor Royal London Asset Management March 19, 2017 Bovis Homes has been urged to ditch Galliford Try merger talks for fellow rival Redrow by one of its top 10 investors. The suggestion by Royal London Asset Management, which owns a 3.5 per cent stake in Bovis, came as it emerged that Redrow is considering a revised offer. Read more: This is what analysts [...]
Are you living in the best place in Britain? Bristol named top by Sunday Times, while Peckham best in London March 19, 2017 Peckham has been named the best place to live in London, going from a "no-go" area to "hipster heaven". The south London area's improvement was credited partly to its abundance of grime DJs, in this year's Sunday Times Best Places to Live list. Other up and coming areas highlighted in the index include Canonbury, Walthamstow – [...]
Ranked: Average rent prices of the world’s top financial cities spanning London to Hong Kong to Frankfurt March 18, 2017 The capital's renters who work in the City may not be getting a raw deal when it comes to rent – at least not when London’s stacked up against the globe’s other top financial cities. London is the leading financial hub based on the latest rankings in the Global Financial Centres Index by the Z/Yen Group. That considers elements [...]
Holiday Homes: The property market in Lisbon is so hot right now, it’s being called ‘the California of Europe’ March 17, 2017 One of Europe’s most beautiful cities is also now one of its most vibrant and dynamic. For decades Lisbon’s development and historic architecture was neglected, but things are looking better for the city, tourism is up, unemployment down, and foreign money is bringing in new investment. One of the drivers of this surge in vitality [...]
Opinion: Here’s how to negotiate a lower rent if you’re living in London and throwing half your salary down the drain March 17, 2017 In the past six years, rents in London have increased by 23 percent, while the average salary has only inched upwards. Overall, under-30s are now spending almost 60 percent of their income on rent. With many of us facing the prospect of being pushed further and further out of the capital, it’s crucial we take [...]
Property of the Week: Ingleton Street in Stockwell used to be a garage – now it’s a £750,000 party pad March 17, 2017 Thirsty punters sitting outside the Crown and Anchor on Brixton Road often stop and stare at the building opposite on Ingleton Street. Who can blame them? It looks like someone has attempted to hide an architect’s studio by covering it in doilies. “It’s a self-confessed vanity project,” says Marlon Lloyd Malcolm, director of sales at [...]