UK house prices growth eases back to 10 per cent with London slowing the most September 30, 2021 Annual house price growth eased back to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society this morning. Prices increased by just 0.1 per cent month-on-month, taking the average UK house price to £248,742. Wales and Northern Ireland were the strongest performing parts of the UK in the [...]
Exclusive: London remains by far the UK’s hottest property investment spot but rural areas on the rise September 29, 2021 London remains the primary focus among UK property investors, according to new research shared exclusively with City A.M. today. Among those planning on purchasing a property in the next 12 months, London emerged as the UK’s leading investment hotspot, with 40 per cent considering investing in the capital, FJP Investment found. Behind London, the West Midlands [...]
Eviction orders jump 43 per cent since end of pandemic protection but backlog causes delays September 28, 2021 Eviction orders from landlords and letting agents have jumped 43 per cent rise between the end of the eviction ban on 1 June and 1 September, according to new data shared with City A.M. this afternoon. With the period of notice landlords must serve to tenants brought back to pre-pandemic timescales from 1 October, two [...]
Property: London house prices climb by £36 every single day September 28, 2021 House prices rose by £44 per day on average in the six months leading up to August, according to new figures published this morning. In London, that figure stood at £36 per 24 hours. This was up from £30 per day typically over the previous six months (July 2020 to January 2021), Zoopla said. Across [...]
Exclusive: Growing group of British landlords that live abroad admit tax evasion September 21, 2021 UK expats who own a buy-to-let property in the UK increasingly approach HMRC to admit they have evaded tax, according to new data shared with City A.M. this morning. 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the year up to 31 March, according to data shared by accountancy firm UHY [...]
Buyers face hot competition as average house price hits all-time high September 20, 2021 The national average price of property coming to market has hit an all-time high after rising 0.3 per cent this month, to £338,462. This new record high is only £15 higher than the previous record set in July, suggesting a stabilising prices, according to Rightmove’s house price index. Buyers are facing fierce competition to buy [...]
House prices along the Thames: How much do you pay for a riverside view in London? September 14, 2021 There’s something incredibly tranquil about a property with a riverside view, especially in the UK’s biggest cities. In London, homes with views across the River Thames are in high demand and many command a price premium. However, depending on location, it’s possible to pay as much as £3m or as little as £280,000 for a [...]
Here’s how much you must put into your child’s JISA to get them on the housing ladder September 6, 2021 Parents and grandparents face putting away more than £3,000 per year typically to help children on to the property ladder in adulthood, and in London it’s more than double that. A child born in 2021 would need average annual deposits of £3,129 into their Junior Isa (Jisa) to afford the average UK first-time buyer deposit [...]
Exclusive: Homeowners borrow more than ever as remortgage applications jump by 176 per cent September 1, 2021 Homeowners across the UK are now borrowing more money from mortgage lenders than ever before to fund home improvements, according to new figures shared with City A.M. this morning. According to mortgage broker Mojo Mortgages, the average amount of money being applied for by existing homeowners to fund renovation projects has increased by just over £13,000 [...]
60 per cent of all properties sold in London hit by down valuations August 31, 2021 Nearly 400,000 UK property transactions have been down valued in the last year alone, according to research by London property agent Benham and Reeves, shared with City A.M. this morning. At 59 per cent, London is home to some of the largest levels of down valued homes of all UK areas and it also ranks third [...]