House listings mount after the Brexit vote August 15, 2016 The number of homes on the market has increased since the EU referendum, but prices have fallen, according to analysis by Jefferies bank. In London, there has been an increase in home listings in 76 per cent of postcodes. However, asking prices have fallen in 70 per cent of postcodes since the Brexit vote. In [...]
Letting agents expect the Night Tube will push up rents near stations on the 24-hour service August 15, 2016 Letting agents are predicting there will be rent rises for homes near the tube stations that will be open for 24 hours on weekends as part of London's new Night Tube service. The service will start on the Central and Victoria lines on 19 August, making it easier for people living in places such as Epping and Walthamstow to [...]
Bovis Homes’ sales hit immediately after the EU referendum August 15, 2016 Bovis Homes' sales were hit by the Brexit vote, but have stabilised since as the market absorbs the news that the UK will be leaving the EU. Chief executive David Ritchie said sales were impacted in the weeks immediately following the EU referendum, but have increased since then to become "more of a normal summer market". [...]
A tale of two cities: Sales of London new-build homes have plunged as sky-high prices put off buyers August 15, 2016 New research suggested sales of new-build homes in London have almost halved – despite the fact the city is in the grip of a housing crisis. Research by London Central Portfolio (LCP) using figures from the Land Registry has shown only 1,491 new-builds in inner London have been sold so far in 2016 – 43 per cent [...]
London’s rental market stalled after glut of new properties August 15, 2016 An over-supply of property was the reason average London rental values dropped for the first time in nearly six years. Prices were 0.5 per cent lower – saving renters an average of £7 per month – compared to July 2015 according to estate agent Countrywide. The last time there was a year-on-year fall was in November 2010 when the average [...]
London sees Britain’s largest house price drop over last four weeks August 15, 2016 London house prices were the worst performing in Britain as they fell by the largest amount over the last four weeks. The average asking price for the capital's houses dropped by 2.6 per cent compared to a national decrease of 1.2 per cent, the Rightmove house price index revealed. Westminster was the worst performing in London with prices flopping 14.5 per cent from [...]
Pinewood board recommends £323m takeover offer August 12, 2016 Lights, camera, action: the board of the iconic studio behind the likes of James Bond and Star Wars has been made a takeover offer offer it can't refuse, valuing it at £323m. In a statement today Pinewood said it was recommending the cash offer by Aermont Capital, which will leave shareholders 560p in cash per share, as well as a [...]
Here’s how many homes in Manchester you could buy with Paul Pogba’s transfer fee August 12, 2016 You could buy 537 average-priced properties in Manchester with the money that Manchester United spent on Paul Pogba, it turns out. Pogba holds the world record transfer fee after United forked out £89m for the Frenchman – while the average property value is £165,686, according to research from HouseSimple.com. The online estate agency compared the average property [...]
This is where all the bankers live (and it’s not West London) August 12, 2016 West London has normally been thought of as the residential hot-spot for bankers – but although it still houses the most wealthy people in London, the City folk have moved out. City workers are now concentrated in the Isle of Dogs and fashionable Islington, according to data from salary benchmarking site Emolument. Read more: Mapped: First-time buyer [...]
After a gloomy RICS survey, should we be prepared for big falls in UK house prices? August 12, 2016 Andrew Craig, an independent financial adviser and founder of Plain English Finance, says Yes. We have already seen significant falls in house prices in the UK if, as should be the case, you measure such things in currency units other than pounds sterling. If you bought a property worth £1m around 10 years ago, that property [...]