Halifax House Price Index: UK house prices up 8.5 per cent since last year July 12, 2016 UK house prices rose by 1.8 per cent during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter. And according to the Halifax House Price Index, prices were up 8.5 per cent compared to the same period one year ago, [...]
Rental prices increased in June – but the market has been cooling off during the start of this year July 12, 2016 Rents kept increasing in the three months to June, but there are signs that the growth in the rental market slowed in the first half of 2016 as compared to last year. The average London renter now pays £1,575 per month, up 3.9 per cent on last year. Excluding Londoners, UK renters pay an average £773 [...]
UK commercial property rents grew in June, despite uncertainty in build up to Brexit vote July 11, 2016 Commercial property rents were up 0.2 per cent in June, in line with the trend for the year to date and in spite of uncertainty surrounding the EU referendum – but capital value grow slowed in the month. According to the latest CBRE index, capital values grew by 0.1 per cent in June, down from growth [...]
London’s richest houses are occupied by slim women… and overweight men July 11, 2016 There is a division in London's wealthiest households, and it's one of waistbands. In the capital's luxury homes, you're most likely to find slimmer women and overweight, unhealthy men (confirming more than a few stereotypes in the process), according to property company Rokstone. In luxury homes priced above £25m in the capital, 90 per cent women [...]
New homes on sale in London this weekend: riverside apartments from the Royal Docks to Chelsea Island July 8, 2016 Horizons, Canary Wharf From £995,000 Six two bedroom penthouses are on sale atop a 26-storey tower on Yabsley Street, close to Canary Wharf. Designed by RMA architects, they all come with underground car parking and private terraces kitted out with an outdoor kitchen and dining area, “the latest must-have feature in luxury residential living” according [...]
Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]
Property of the Week: Agent Lurot Brand is listing this house in Boyne Terrace Mews in Holland Park under two prices – with their services or without July 8, 2016 Boyne Terrace Mews, Holland Park, £3.75m/£5.75m A rare opportunity has come onto the market in Holland Park to custom build an ideal five bedroom house with the help of an agent who’s already done all the tricky paperwork. Getting planning permission to turn this mews house in a cul-de-sac in Landsdowne Road would have been tricky [...]
Opinion: Buying agent Property Vision on the immediate winners and losers of Brexit in the London property market July 8, 2016 Following the referendum results, buyers are trying to work out what Brexit will mean for them – but I'm not sure anyone has a definitive answer to that yet. I have watched with interest the commentary from the selling agents and developers, promising a wall of dollar and euro-based cash heading for the London market. [...]
Buy to let tax changes knock London luxury rent prices July 8, 2016 London's luxury property market is suffering from oversupply this year after the government's stamp duty changes came into effect at the beginning of April. The capital's rental prices on luxury properties have fallen by one per cent year-on-year in the first quarter, according to research from Knight Frank. Read more: Rents edged down in May as [...]
Brexit threat: Property financiers must keep calm and carry on lending July 8, 2016 Before and since the result of the UK’s referendum on European Union membership, uncertainty has pervaded – not least in property markets. Weak construction PMI data, a spate of flagship property funds halting redemptions and downgrades from City analysts has further shaken confidence. Forecasts for companies in the sector have been reduced on the basis [...]