Dulwich house prices: London village life four miles from The Shard July 23, 2015 As Peckham and Camberwell creep up the league table of the capital’s trendiest areas, neighbouring Dulwich remains as genteel and sedate as ever. Not much changes in SE21. It views its up-and-coming neighbours with the same bemused condescension that a retired judge regards the hoop in his grandson’s ear. He doesn’t understand it, but he’s [...]
Cambium, Southfields property prices: Leafy London townhouses draw buyers south July 23, 2015 Most new homes are built on derelict sites or demolished office blocks, but Cambium in south west London has stronger roots than that. Named after the fine rings of tissue that form around a tree over time, the scheme is centred around a 200-year-old oak in Southfields that’s believed to have been planted by legendary [...]
London Barometer: House prices respond to lack of supply and stamp duty increases July 23, 2015 June saw new instructions decrease by a third year-on-year, while new applicants increased by 50 per cent, but they are clearly registering to prepare for the autumn market. The fact that stock levels remain the same shows that things are somewhat quieter and we have not seen the hoped-for post-Election lift yet. This lift presupposes [...]
Don’t get blue – get into The Grays: New homes in the legal heart of London July 23, 2015 What do you call the area between St Paul’s and Oxford Street? Holborn? An extension of Clerkenwell? Or simply the legal heart of London? Well, estate agents and developers have other ideas that involve turning this Zone One no man’s land into a residential hotspot. The name they’ve chosen for the area is “Midtown”, which [...]
Government spending review: More public land to be sold off for homes as George Osborne seeks £20bn in savings July 21, 2015 Remember, remember 25 November: that's when the government will publish its spending review, setting out exactly how it will cut £20bn to eradicate the country's deficit over the next five years. And it looks like that a pretty major literal land-grab will be taking place. The chief secretary to the Treasury Greg Hands [...]
Broadstone: The Dorset town Londoners are moving to in their droves July 21, 2015 When City A.M. asked Homelet to show us where Londoners are moving to when they leave the capital, we expected the commuter belt to feature heavily. What we didn't expect was that the small Dorset town of Broadstone would beat Brentwood, Brighton and Bristol to come top. According to the figures, 4.1 per cent of [...]
UK house prices to outstrip wages this year due to “chronic lack of properties being put up for sale” July 20, 2015 A shortage of homes is set to ensure house prices rise faster than incomes this year, a think tank has warned today. The Centre for Economics and Business Research has revised its estimate for price growth in 2015 more than three times to 4.7 per cent, up from its initial forecast of 1.5 per cent [...]
Home extensions pile on the pounds to property values July 20, 2015 The alterations and extensions made to people's homes have added billions of pounds to property prices across Britain. Over the last 12 months, the work has added a combined £6.5bn to the value of homes, as nearly a quarter of a million owners made changes, adding around £30,000 per property on average. In London, where homeowners have [...]
London’s housing market hits consumer confidence July 19, 2015 London’s housing market is weighing on the minds of consumers, driving the steepest decline in consumer confidence for any major region of the UK last quarter, a poll shows. Consumer confidence in London and the south east fell by six points for the three month period ending June, making it the least optimistic region in [...]
Highest London house prices dip: Kensington and Chelsea, Camden and Richmond fall as bottom end gets boost from first-time buyers July 19, 2015 Some of the capital’s most expensive residential areas saw house prices drop sharply this month, according to data released today, with high demand supporting the lower end of the market. In Kensington and Chelsea, London’s most expensive borough to buy in, prices dropped 7.2 per cent from June to July, according to Rightmove. [...]