Bad Christmas: Housebuilder share prices are falling December 28, 2016 Shares in the UK's largest housebuilders fell today, after a profit warning from one, as well as disappointing mortgage figures. Bovis was the biggest faller on the FTSE 250, with shares falling 4.8 per cent to 815.5p in lunchtime trading after it warned on profits, saying it expected to complete on fewer homes than anticipated [...]
Bovis shares are down after it admitted housebuilding slowed at the end of this year December 28, 2016 Shares in Bovis fell this morning, after it admitted it completed on fewer homes than expected at the end of this year. Shares were down 4.9 per cent at 814.5p in early trading, after the housebuilder said it expected volume delivery for 2016 to be lower than previously expected, at between 3,950 and 4,000 homes, with 180 completions [...]
Rate of home ownership in the UK may be much lower than official data suggests, claims think tank December 27, 2016 The level of home ownership in the UK may be lower than conventional rates suggest, with many more now renting, according to new research. Many people now share ownership of a property or live as lodgers, suggest the Resolution Foundation think tank, meaning an official estimate of a 64 per cent home ownership rate may be [...]
“Generational home ownership gap” exposed: Proportion of 25-year-olds on housing ladder halves in 20 years December 22, 2016 Home ownership among 25-year-olds has fallen by more than half in the last two decades, new research shows. Twenty years ago, some 46 per cent of all 25-year-olds owned their home, according to the Local Government Association (LGA). Today, this proportion has fallen to 20 per cent. Read more: Sadiq Khan launches inquiry into foreign [...]
Crown Estate pushes ahead with £100m West End project after Brexit vote pause December 21, 2016 The Crown Estate has recovered from post-Brexit vote jitters to push ahead with a £100m West End development. The property company, which is owned by the sovereign, put the redevelopment of the Grade II listed building on hold after the EU referendum. Read more: Venture capital firm signs up to Crown Estate scheme But Crown [...]
House prices to stop tumbling in central London next year, according to chartered surveyors December 21, 2016 UK house prices are set to rise by three per cent next year and central London prices will stop falling as they have done throughout this year, according to chartered surveyors. The Royal Institution of Chartered Surveyors (Rics) has predicted that house prices will continue to rise on the back of a shortage of housing [...]
Estate agent numbers fell in four out of ten London boroughs this year December 20, 2016 Estate agents have been dropping off the high streets of four in ten London boroughs. As the Brexit vote bites, and stamp duty taxes weigh on the upper end of the capital's property market, estate agents in some boroughs have been struggling. Read more: This is where house prices have increased the most this year [...]
These will be London’s property hot spots in 2017 December 20, 2016 This year, Zoopla crowned Dalston the UK's top property hotspot after house prices in the neighbourhood rocketed 60 per cent over the last five years. Shoreditch came second, with prices shooting up 58 per cent over the period. Both of these locations are celebrated for their hipster cafes and second-hand furniture shops – but they're fast [...]
This is where house prices have increased the most this year December 20, 2016 The average British home has increased in value by £19,348 during 2016 – £56.57 per day – bringing the British property market's value to £8.17tn. The data from Zoopla shows that the UK market's value has gone up by 7.35 per cent as a whole this year. Read more: This is how far house prices will [...]
This is what will happen to rents next year December 19, 2016 It has been an eventful year for landlords. They have been under intense pressure from the government in 2016, starting in April, when former chancellor George Osborne's stamp duty hike on second homes came into effect. Then, when Philip Hammond took over, he used his first Autumn Statement to ban letting agents' fees for tenants, saying [...]