Top-end homes in Mayfair and St James’s offloaded at 20 per cent below asking price April 22, 2021 Several prime central London postcodes are seeing homes sell at a considerable discount of up to 20 per cent per square foot, according to new data shared with City A.M. this morning. In many areas there is a notable difference between the expectations of home sellers and the price that buyers are willing to pay, [...]
Home buyers face highest-ever price tags as house prices jump by £7,000 in just four weeks April 19, 2021 Spring home buyers are facing the highest ever prices demanded by sellers, with the average price tag on a home having jumped by nearly £7,000 in the space of just a month. Across Britain, the increase of £6,733 or 2.1 per cent month-on-month pushed average seller asking prices to a new record high of £327,797 [...]
Halifax: UK house prices near ‘pre-financial crash levels’ April 14, 2021 UK house prices have hit a record high despite rising at a slower rate than a year ago, according to the Halifax house price index this morning. The lender said that the affordability of houses was “close to pre-financial crisis levels”, as house prices remained historically high at an average of £252,765. The difference between [...]
A home for £28m: What are the most expensive streets in London? March 29, 2021 Upper Phillimore Gardens in Kensington is London’s most expensive road to buy a house on, with the average sold price on the road in the last 12 months sitting at a cool £28m. Head down past Earl’s Court and you’ll come across the Boltons, London’s second most expensive street over the last 12 months, with an average sold price of £22.5m. [...]
Housebuilders warned against gagging orders on new home owners March 13, 2021 Housebuilders that carry out repairs on new-build homes are forcing residents to sign non-disclosure agreements (NDAs) as a condition of repairs being done, according to the chairman of Parliament’s Housing Committee. Clive Betts, MP for Sheffield South East, told Radio 4’s Money Box programme that the practice was “appalling” and would not be acceptable in [...]
London house prices to boom over next five years, Savills predicts March 9, 2021 London house prices are set to boom over the next five years, estate agent Savills said as it upped its UK property market forecasts for 2021. House prices in London’s mainstream market are expected to rise 12.6 per cent in the five years ended 2025, the real estate firm said. Meanwhile prime central London house [...]
Khan accused of cutting affordable housing by two thirds despite £4bn grant March 2, 2021 Sadiq Khan has been accused of not delivering on his affordable housing promise today by proposing to cut City Hall housebuilding by nearly two-thirds, despite receiving a third of the UK’s affordable housing budget. The latest figures reveal the mayor’s 2021-26 housebuilding programme will only build 35,000 new affordable homes using the government’s £4.82bn grant. [...]
London house prices: What £500k gets you in tube zones 1 to 6 February 23, 2021 For London workers, it can be an unsettling dilemma whether to spend more on a house near the office or upsize further out but spend more time and money on tubes. House prices differ considerably, even between adjacent tube stations. The average house price in Knightsbridge will set you back around £1.6m but hop on [...]
UK house prices dip in January as market boom begins to ‘run out of steam’ February 5, 2021 UK house prices dipped last month, the latest data showed, in the first indication that the property market boom could be running out of steam. Average house prices across the UK fell 0.3 per cent in January compared to December, dropping to £251,968. Experts said the month-on-month drop – the steepest since the first lockdown [...]
London house prices drop near Tube stations as buyers shuffle priorities February 4, 2021 London house prices near Tube stations have dropped as buyers are less concerned about the length of their commute due to the shift to remote working during the coronavirus pandemic. Research published this morning showed that property prices close to a London Underground stop average £642,674, a drop of two per cent on the pre-pandemic [...]