Stamp duty replaces mansion tax as Central London house buyers’ worst fear as sales of homes worth £1.1m plus fall June 29, 2015 Mansion tax is so pre-election, darling – these days, the UK's high earners are worrying about one thing: stamp duty. That's according to a new report by upmarket estate agent Knight Frank, which has found the new tax has dented sales of homes worth £1.1m plus. Read more: The average brick in Kensington and Chelsea [...]
London house prices: The average cost of a single brick in the capital is now just shy of £200 June 26, 2015 Rocketing house prices in the capital mean the average brick in a London house (RRP: 67p) is now valued at just short of £200, research has found (assuming it's attached to other bricks, and a bit of mortar, that is…). The research, by online estate agent HouseSimple.com, was based on the fact it takes about [...]
London house prices: Demand plummets for the capital’s luxury apartments June 26, 2015 Could the bottom be about to fall out of London's luxury property market? New research has suggested demand in the capital's most exclusive areas is falling: in fact, over the past month, it's fallen by three per cent. The findings, by online estate agent Emoov, suggest that despite the Mansion Tax no longer being a [...]
Return of London’s mansions: The former homes of aristocrats are being converted June 25, 2015 It isn’t often that a prestigious street in London falls out of favour. You won’t see a regeneration of Eaton Square or the King’s Road any time soon. But Connaught Place, a handsome street lined with Georgian mansion blocks overlooking Hyde Park, was the Belgravia of pre-war London and it’s experiencing a resurgence in popularity. [...]
Demand for UK homes rises nine per cent: London’s commuter belt dominates, while Nine Elms, County Durham and Westminster lead the “cold spots” June 25, 2015 London may be in the throes of a housing crisis, but it seems its inhabitants have spurned the 3,500-odd apartments on offer in Nine Elms, after new figures showed the area – currently undergoing a massive redevelopment – had the lowest demand for new homes in the UK over the past three months. Among other [...]
London house prices: Parts of Havering, Enfield, Redbridge and Tower Hamlets to be given special status as housing zones June 25, 2015 Four areas of the capital have been given special status as housing zones, the Mayor of London will say today in the latest effort by City Hall to expand London’s housing supply. As part of the scheme more than 12,000 new homes, 3,500 of which will be affordable housing, will be delivered in parts of [...]
UK property prices: Property sales tick up in May – but the outlook is uncertain June 23, 2015 The number of UK residential properties sold climbed in May, new data show. A total of 98,540 properties changed hands, according to figures released by HMRC yesterday. It marks a rise on April’s 97,610. However the market is slower than it was a year ago when 101,710 properties were sold. The figures translate to a [...]
What you could buy for a square metre of property in London: a new car, a year’s university fees June 23, 2015 For the price of one square metre of property in Kensington and Chelsea, you could buy a brand new car, according to figures published by Halifax today. One square metre of property in Kensington and Chelsea costs £11,635 – about the same as a Citroen C4 (around £12,000), a Volkswagon Polo (also £12,000) or a Honda [...]
Historic Greenwich factory Telegraph Works to be turned into luxury flats June 23, 2015 A Greenwich site that dates back to Queen Elizabeth I's reign – when it was used to store gunpowder to fight the Spanish Armada – is being turned into a £120m luxury residential development. The Telegraph Works – which was later used to build the first transatlantic telegraph cable, allowing Queen Victoria to conduct [...]
Berkeley says interest rates hike could ease London house price rises June 17, 2015 Housebuilding giant Berkeley Group Holdings said yesterday that the prospect of an interest rate hike may help ease the pressure on London’s rising house prices, which have been fuelled by a lack of available homes in the capital. Data from the Office of National Statistic yesterday showed that wages have risen at their fastest [...]