The Bank of England’s own data negates Carney’s overhyped house price warning September 19, 2018 No one can tell them quite like Mark Carney, the governor of the Bank of England. He appears to have briefed the cabinet last week that house prices could fall by 35 per cent in the event of a no-deal Brexit. To be fair, the Bank did try to qualify this figure by saying that [...]
London housing market showing signs of recovery September 17, 2018 The London housing market is showing some signs of recovery with transaction numbers at the upper end of the market up six per cent year-on-year. The number of agreed sales for houses above £750,000, representing a fifth of all transactions in London, increased six per cent in September on the same month a year ago, [...]
Bank of England boss Mark Carney warns house prices could fall by a third in a no-deal Brexit September 13, 2018 The governor of the Bank of England Mark Carney said house prices could crash 35 per cent over three years in the event of a no-deal Brexit in a briefing to cabinet today. Carney said if the UK crashed out of the European Union without a deal, a sharp rise in mortgage rates could torpedo [...]
The cost of luxury homes in Nine Elms are being slashed to bargain prices September 9, 2015 Nine Elms may be one of London's most ambitious residential development projects in decades – but it seems the luxury homes being built in the area aren't as popular as anticipated, after figures showed half of the homes under construction or just completed the area were reduced in price before they were sold The research, [...]
Property firm LMSL teams up with crowdfunding platform to launch £9m east London bond September 8, 2015 A property investor is offering small retail investors the chance to buy a slice of east London property after launching a £9m mini-bond via crowdfunding platform CrowdBnk. LMSL Group, which owns 160 rental properties in east London worth around £52m, said it aims to raise at least £9m to plough back into the ongoing regeneration [...]
Wealthy foreign students paying three-times average Brit on renting luxury flats in London locations Mayfair, Knightsbridge and South Kensington September 8, 2015 Wealthy foreign students are paying three-times the average Briton's salary to rent out luxury flats in desirable London locations such as Mayfair, Knightsbridge and South Kensington, a new report claims. London receives around 107,000 international students each year, who pay a total of £600m in rent, according to the study by lettings agent E [...]
Prime central London house price growth at its lowest in five years thanks to China and stamp duty September 7, 2015 Prices of homes in some of London's most exclusive areas grew at their lowest in more than five years in August, new figures have suggested. The Prime Central London Sales Index, by upmarket estate agent Knight Frank, has found annual house price growth dropped to 1.7 per cent in August, the lowest rate since November [...]
Mayoral race 2016: Homes for Londoners is the key to solving the housing crisis, claims Tessa Jowell September 7, 2015 London’s housing crisis isn't just a problem for the hundreds of thousands in temporary accommodation or stuck on housing waiting lists, or the young people unable to afford a deposit or exploited by rogue landlords. It’s a problem for our whole city. For London to continue to thrive we have remain an attractive proposition for [...]
Night Tube series: Top seven places to buy a house in London along the Jubilee Line September 4, 2015 With the Night Tube delayed for the time being, now is the best time to consider buying in an area that’s set to benefit from it. Research shows that when new transport links come in, house prices only rise once the trains start running so it’s worth taking a punt before the asking prices shoot [...]
2016 London mayoral election: Bypassing bureaucrats is the key to fixing London’s housing crisis September 2, 2015 How would you feel if a property developer wanted to knock down the 1960s council estate next door and replace it with a shiny, new and modern estate with more homes? On the one hand, you will eventually wake up each morning to a rather nicer view (although any chance of seeing the Shard [...]