First-time buyers are worried the interest rate cut kills their chances of saving for a deposit August 16, 2016 One fifth of 18 to 34 year old prospective buyers say they will find it difficult to save for a deposit due to the recent cut in interest rates. Research from MoneySuperMarket found 21 per cent of this age group think the interest rate cut will mean they will have to wait for longer to [...]
This map shows how house prices have changed since the Brexit vote in each inner London postcode August 16, 2016 There has been much fevered debate over whether the Brexit vote has affected house prices or not. While some figures have suggested prices are up, others have shown they're down: so far, so confusing. So Jefferies analyst Anthony Codling has used data from the UK's largest property portals to figure out what's actually happened to house prices in [...]
Yep, house price growth rose in June – but that was before the Brexit vote August 16, 2016 House price growth ticked up to 8.7 per cent in the year to June, official figures have shown. The figure was its highest since October 2014 – although it only included one week of The Brexit Effect. The figures, published by the Office for National Statistics (ONS), was up from 8.5 per cent in May, [...]
Four of the best: Investment opportunities from around the globe August 16, 2016 Markets have been turbulent this year and much talk has focused on potential risks. A smattering of uncertainties to consider include the ramifications of the Brexit vote and whether the UK will enter recession. Nor does anyone know how extraordinary monetary policy in Europe will pan out, or the ultimate impact there’ll be from the trillions [...]
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 [...]