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 [...]
New build or old house? Just one in five prefer new properties dubbed “rabbit hutches” with “zero charm” June 17, 2015 There may be new developments popping up all over London as housebuilders scramble to serve the property needs of an ever-growing capital, but just one in five Brits would prefer buying a newly built house. New builds have been lambasted as too small, poorly built and lacking in character and nearly half of Brits prefer [...]
Mansion tax mania: Average property price in Kensington and Chelsea rises by £486,000 in one month June 15, 2015 The average asking price for a home in Kensington and Chelsea rose 28.4 per cent (almost £500,000) between May and June, according to data from Rightmove. The figure hints at a glut of high-end properties entering the market after the election, now sellers can forget their fears over the mansion tax. Read more: As rents [...]
No end in sight for London house price boom: Average asking price soars to more than £600,000 June 15, 2015 House prices in the capital are set to outpace earnings for the foreseeable future, despite government efforts to boost house building and affordability. Average London asking prices have jumped to £613,922 – above £600,000 for the first time ever – according to Rightmove data published today. It marks a rise of 5.8 per cent compared [...]