London barometer: House offers on the rise after General Election uncertainty May 21, 2015 Despite the crippling effect of election uncertainty, offers received in April were up 15 per cent on last year indicating a strong appetite among vendors and applicants to do business. After a fiercely contested and unpredictable campaign period, figures show that the market lost patience waiting for a political outcome. As forecast in previous [...]
London house prices soaring above the rest of the UK with average cost now £498,000 May 19, 2015 House prices in the capital continue to outpace prices in the rest of the UK, according to the latest figures from the Office for National Statistics (ONS). London house prices were up 11.2 per cent in the year to March 2015, compared to a nationwide average of 9.6 per cent, according to the ONS house price [...]
London property prices: The five most expensive high rise homes on earth May 18, 2015 Londoners may complain about the capital's glut of so-called "luxury" apartments – but the capital isn't the only place where luxury living has become a serious business. Last week, Tel Aviv's Meier on Rothschild tower, completed this year, said it had made £165m of sales, including a penthouse which sold for £10m, setting a new [...]
Nigel Farage’s unresignation, Mayoral candidates and the Avon lady’s funny turn: Here’s what got us talking this week May 15, 2015 It was the week we dealt with the fallout of the election – including the coining of the phrase “doing a Farage” (aka “taking an extra day off to prolong the weekend”). What got us talking this week 1. Barage of Farage Some called it Ukip’s Easter (“on the third day, he rose again”), [...]
London property prices: Check out how much outdoor space can add to the value of your home May 15, 2015 You can't put a price on fresh air – unless it's in London, that is, in which case the price of fresh air is about 12 per cent of your property's value, according to research from Marsh & Parsons. The estate agent reckons a bit of outdoor space – ie. a roof terrace or balcony [...]
Four charts that sum up the week: Sterling rallies, UK growth forecast cut, London house prices rise and Europe beats Britain May 15, 2015 London house prices ended seven months of decline, the Bank of England said it was feeling less optimistic about the UK economy and the French economy sped ahead of Britain and Germany in the first quarter, this week. Here are four charts that sum up what happened. 1. London house prices are on the up again, [...]
London house prices: Allsop to auction new-build London flats online – so you can bid on a home from your sofa May 13, 2015 Bargain hunters are used to getting their hands on decrepit "fixer-uppers" at auction. But for the first time ever next month, they will be able to get their hands on a set of sparkly new flats – in an online auction. Auctioneers Allsop will sell off homes at the West Drayton Waterside development, on the [...]
This London house in Ilchester Place, Kensington, earns more than you May 12, 2015 A plush Kensington house nestled next to leafy Holland Park has earned more in the past eight years than most London workers. The three-storey eight-bed house in Ilchester Place, which is on the market with a £13m price tag, has raked in £130 an hour since it was last sold in 2007. The rising value of [...]
General Election 2015: Tory election victory triggers London luxury property market surge as mansion tax fears dissolve May 10, 2015 In the hours after it became clear that the Tories had won a majority government at the general election, London estate agents reported a surge in luxury property sales as buyers' fears over Labour's proposed mansion tax were allayed. Over £100m worth of top-end central London property was sold on a frenzied Friday as estate [...]
Here are the most expensive places to rent outside of London May 1, 2015 A short supply of housing means London is becoming ever more crowded, which is stretching resources, pushing up prices, and prompting people to move further out. But before you make the leap into a cosy commuter town, it isn't necessarily any better elsewhere, as rents are still pretty high and you'll have to pay through [...]