London house prices: Asian homebuyers cash in on pandemic decline and weak pound June 7, 2021 Foreign buyers from primarily East Asian nations are cashing in across London’s new build market as a result of a pandemic decline in property prices, coupled with a weaker pound. According to new research by the defect management firm BuildScan, fluctuating exchange rates during the pandemic added to the appeal of the London property market [...]
Survey: Skimpy pay packets stop most Londoners from buying dream home June 4, 2021 Skimpy pay packets were the most likely reason Londoners could not get their dream home, according to a survey today, as the average budget for a capital property has swelled to £384,130. Earnings stopped 33.05 per cent of those surveyed by Money, while deposit building and mortgage availability were the next two big worries for [...]
Lenders hand out most mortgages to first-time buyers in nearly 20 years June 3, 2021 Banks and building societies handed out more mortgages to first-time buyers in March than any time since 2002. Across the UK, 42,330 mortgages were issued to first-time buyers in March, marking the highest monthly total since December 2002 when 44,000 were advanced, according to trade association UK Finance. Many people who would have taken their [...]
0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
First-time buyers: Top 10 cheapest London boroughs to save for a house deposit whilst living at home May 26, 2021 As many as 1.25m couples live with their parents, with a fourth admitting they made the tough decision to move home in order to save for a house deposit. Less than a third of parents charge their child and partner rent, making the move back to the family home the perfect money-saving option for couples [...]
Temptation Isle: Is London City Island the hottest property ticket in town this year? May 25, 2021 Arising in East London are over 1,700 new flats and townhouses – on an island within the capital. London City Island is a new neighbourhood development inspired by the architecture of Tokyo and Chicago, according to its developers. The Island, created by EcoWorld Ballymore, has been referred to as a “Mini Manhattan”, according to estate [...]
Big boost for central London property as buyers consider office return May 20, 2021 Demand for city centre apartments is returning fast in Britain after buyers opted to work in rural locations during the pandemic, according to a new survey. Rightmove said flats are now the most in-demand property type for the first time in ten years, with buyer interest up 39 per cent since January. The rise is [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Average house prices hit new record but London prices stay still May 17, 2021 The recent surge in house prices shows no signs of slowing down, with May seeing a new national record for the price of property coming to market. According to Rightmove’s House Price Index, the cost of the average property rose 1.8 per cent this month, to £333,564. The boom in prices is largely driven areas [...]