OBR forecasts house prices to fall next year as furlough and stamp duty holiday end November 25, 2020 House prices are expected to fall next year due to the end of the stamp duty holiday and a hit to household incomes when the furlough scheme draws to a close.
London rental growth slows to lowest rate in three years November 18, 2020 Private rental prices in London grew 0.9 per cent in the 12 months to October, compared to 1.2 per cent growth the previous month
London Tories slam Mayor Sadiq Khan over housing pledge and say he’ll miss home completion targets October 29, 2020 New figures reveal less than a third of the homes London's mayor started building in his first term have been completed.
Sadiq Khan urges ministers to build more London council houses to ease post-pandemic inequality October 21, 2020 Mayor of London Sadiq Khan has urged ministers to significantly increase the number of council houses in London, in a bid to offset increasing wealth disparities caused by the Covid-19 pandemic. Khan today launched a major new report calling on the government to “stop blocking the aspiration of London’s councils to build” and urging ministers [...]
Majority of Londoners plan to stay in capital despite pandemic fallout October 21, 2020 Londoners have remained loyal to their city throughout the coronavirus crisis, with the bulk of people in the capital pledging not to leave the city despite fresh Tier 2 restrictions and work from home orders, according to new research. Just seven per cent of Londoners plan to pack up and flee the capital in the [...]
French buyers top London prime property purchases as Chinese investment slips October 19, 2020 French buyers have jumped to the top of the rankings for property purchases in prime central London as international investors cash in on the weak pound. Property purchasers from France made up the largest group of buyers for prime spots in the capital in the first nine months of the year accounting for 11 per [...]
UK house prices stage rapid recovery in third quarter October 12, 2020 House prices enjoyed their strongest quarterly increase since before the financial crisis in the third quarter as lockdown restrictions eased. Prices rebounded quickly in the third quarter after the broadbased closure of the market during the previous quarter. Prices rose 3.3 per cent in the three months to September, according to the Halifax Property Index, [...]
UK house prices: Will the surge last or is it a bubble? September 2, 2020 UK house prices surged to an all-time high last month as pent-up lockdown demand and chancellor Rishi Sunak’s stamp duty cut stimulated the market. The average UK house price rose to a record £224,123 in August, up from £220,935 in July. Bombastic estate agents greeted the figures with glee, variously describing UK house prices as [...]
How badly will coronavirus hit UK house prices in 2020? July 29, 2020 Property experts hope a stamp duty holiday and relaxed lockdown restrictions will protect UK house prices from a sharp coronavirus fall this year. At the height of lockdown, experts predicted that UK house prices could fall by as much as 10 per cent this year due to the impact of coronavirus. However, chancellor Rishi Sunak [...]
DEBATE: Is Rishi Sunak’s stamp duty holiday the right move? July 9, 2020 Is Rishi Sunak’s stamp duty holiday the right move? Clive Docwra, managing director of property and construction consultancy McBains, says YES. Raising the level where stamp duty tax kicks in to £500,000 is great news for the London property market. With the average cost of a home in the capital standing at close to £600,000, [...]