These are the 10 most and least expensive towns in Britain May 20, 2016 Kensington and Chelsea has been named Britain's most expensive neighbourhood, with an average price of £11,321 per square metre. Despite prices dropping one per cent in the last year, the borough’s per square metre average is still five times higher than the national average of £2,216, according to a report by Halifax. Other London areas [...]
New homes on sale in London this weekend: from Maple & Co’s old furniture factory to apartments near the Hurlingham Club May 19, 2016 The Maple Building, Kentish Town From £525,000 The old Maple & Co furniture factory in Kentish Town has been transformed into 57 one, two and three bedroom apartments and penthouses. The six storey building, which dates back to the 19th century, has been restored by The Linton Group and retains its red brick facade alongside contemporary [...]
Focus on Notting Hill property: Prices may have fallen, but is it all down to stamp duty reform? May 19, 2016 Notting Hill hasn’t been having the best of weeks, if truth be told. On Tuesday, a report from estate agent Stirling Ackroyd revealed that average house prices had fallen in several prime central London locations. In W11, they’ve gone down by 10 per cent from the first quarter of 2015 to the first quarter of [...]
Property of the Week: Poet and critic Ezra Pound’s house in Kensington has doubled in price in three years May 19, 2016 A few times a week, a crowd of tourists gather outside this house on Kensington Church Walk to have their pictures taken with the English Heritage blue plaque outside. Set in a quiet cobbled courtyard, this Victorian townhouse was the home of ex-pat American poet and critic Ezra Pound between 1909 and 1914 and it [...]
One in three UK mortgage holders don’t know their interest rate, survey finds May 19, 2016 One in three UK mortgage holders do not know what interest rate they are on, according to a new study. YouGov and digital mortgage broker Habito, which launched last month with the mission of bringing the market into the "21st century", surveyed more than 1,200 mortgage owners. Some 33 per cent did not know what [...]
EU referendum: Brexit risks compromising plans to build hundreds of thousands of new homes May 19, 2016 If Britain votes to leave the EU it risks sparking a chronic construction skills deficit, compromising plans to build hundreds of thousands of new homes. According to new research, a Leave vote could lead to a cut in the construction workforce, which would in turn jeopardise plans to expand the UK's housing stock that would otherwise ease [...]
Foxtons shareholders just voted through a 19 per cent wage hike for its chief executive – despite a fall in share price May 18, 2016 More proof that 2016's so-called shareholder spring is more of a trickle of dissent? Foxtons shareholders have voted through a 19 per cent payrise for chief executive Nic Budden – despite the fact shares have plummeted in the last year. In a statement this afternoon, the estate agent, which focuses on properties in central London, said [...]
UK house sales and purchases set to jump by a fifth by 2020 – but will still be below 2007 levels May 18, 2016 UK housing transactions are set to jump by a fifth by 2020, but this will still be eight per cent lower than pre-financial crisis levels, according to a new report today. Conveyancing services provider My Home Move predicts that the number of annual property transactions will rise from the 1.23 million recorded last year to [...]
The Netherlands is the most lucrative buy-to-let property hotspot in the EU according to study from World First UK May 16, 2016 You might have thought it would be somewhere coastal on the Mediterranean, or a country better-known for its second home culture such as Italy or France. But the most lucrative buy-to-let market in the European Union turns out to be the modest, not-so-hilly, tulip-saturated Netherlands. With the EU's highest rental yield rate in April, at [...]
Surprise: Asking prices have jumped to new record highs of £308,151 across England and Wales May 16, 2016 In what seems now to be an ongoing trend, asking prices in England and Wales jumped to a new record high of £308,151 on average in May. The "eye-watering" increase is a rise of £1,118 on the previous month, property website Rightmove said in figures released today. The price uplift has come despite a flurry to [...]