Donald Trump’s Presidential election victory could be good for London house prices November 9, 2016 Donald Trump may be about to take the White House, but here in Blighty we're more concerned about one thing: house prices. Thankfully, analyst Anthony Codling has already answered the question everyone was asking: what does a Trump win mean for London house prices? In the short term, he suggests, the London market may get a [...]
How to put your children onto the property ladder (without acrimony) November 9, 2016 With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will need to call on the Bank of Mum and Dad. Parents who want to help their children are often uncertain about the best way to provide the funds, the [...]
Property of the Week: Penthouse designed by Stirling Prize winning architects is “the jewel in the crown” of Millbank development November 8, 2016 A penthouse that’s nestled in between Vauxhall Bridge and Tate Britain went on sale on this week, with a guide price of £25m. The duplex is sits at the apex of a curvy riverside building that’s been designed by architectural firm Stanton Williams, which won the RIBA Stirling Prize in 2012 for its Sainsbury Laboratory. [...]
Opinion: Berlin estate agent says there’s been a sharp increase in Brits buying post-Brexit November 8, 2016 The UK’s referendum decision to leave the EU sent a shockwave across the entire world, which has been illustrated by the mini-crash of the pound since the result was announced. In terms of the wider fallouts and effects of the UK’s departure, we must continue to wait and see how the UK aligns and positions [...]
Construction begins on Europe’s tallest modular residential block November 8, 2016 Work has begun on Europe's tallest modular residential tower block, the latest innovation scheme to help combat London's housing crisis. The 26-storey tower will be built in Mapleton Crescent in Wandsworth, and is constructed entirely from modular units – compact flats assembled in factories before being installed with cranes. Read more: How innovation is transforming the property industry The 89-unit [...]
UK house price growth eased off in October November 7, 2016 Much has been said about whether the Brexit vote hit demand for homes in the UK. Figures published today suggest that may be the case: prices grew 5.2 per cent in October, down from 5.8 per cent in September. The average house price hit £217,411 in October, according to the Halifax house price index – that's [...]
It’s now easier to buy a home in New York than it is in London November 5, 2016 London's housing market was once the poor relation of New York's, but rapid house price growth in the UK capital has made it more unaffordable than its American rival. In July this year, the average house price in London was £484,176 as compared to £411,018 in New York, making the Big Apple a more accessible market. [...]
Number of million-pound house sales on the rise November 5, 2016 The number of homes sold for £1m or more has jumped by 12 per cent this year – and nearly two thirds of them are bough in London. According to a report from Lloyds Bank, the sales of homes above £1m increased from 5,946 in the first half of 2015 to 6,684 during the first [...]
UK house price growth set to cool over the next five years November 4, 2016 London house prices will grow by 11 per cent by 2021, according to new research, lagging behind the UK as a whole. Savills is predicting two years of low house price growth due to heightened economic uncertainty as the terms of Brexit become more clear. UK house price growth is expected to be 13 per [...]
As the typical UK house price rises to six times annual earnings, should young people forget about ever buying? November 2, 2016 Ben Southwood, head of research at the Adam Smith Institute, says Yes. Unless something changes, few of today’s youth will ever own their own homes – there is simply not enough housing to go round. Home ownership has been falling, generation by generation. When they were 45, around 80 per cent of the cohort born in [...]