House sales are suffering in areas that voted to stay in the EU August 18, 2016 The property market has become skewed by how people voted in the EU referendum, with areas that voted to leave the EU becoming more active after the Brexit vote – and in areas that voted to stay, buyers ran for the hills. The number of sales that have fallen through in areas that voted Remain jumped [...]
Norway’s sovereign wealth fund cuts the value of its UK property portfolio due to the Brexit vote August 17, 2016 Norway's sovereign wealth fund – the largest in the world – has cut five per cent off the value of its UK real estate portfolio due to the Brexit vote. Trond Grande, deputy chief executive of the 8,177bn kroner (£668bn) fund, said at a press conference in Oslo: "It's an extraordinary measure. "It was pointed out [...]
Houses in the West End are still selling like hotcakes, says CBRE August 17, 2016 Home sales have remained "strong" for CBRE after Brexit, with the company reporting it has exchanged on nearly £60m worth of residential property in the second quarter of this year. The transaction value achieved by CBRE was its second highest for the last four years. Read more: Here's everything that's happened to house prices since the Brexit vote Three [...]
Farm land prices expected to fall as demand falters due to uncertainty August 17, 2016 Demand for rural land has fallen over the last six months – and prices are expected to follow suit. According to the Royal Institute of Chartered Surveyors (RICS), 49 per cent of members expect prices for farm land to fall over the next few months. Read more: Everything that's happened to house prices since the Brexit [...]
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 [...]