Revealed: How the mansion tax could cost taxpayers £175m April 20, 2015 More than 120,000 households could face a bill of up to £4,800 each to have their property revalued thanks to Ed Miliband's mansion tax. The total cost to homeowners of revaluing their properties would come to around £110m, according to upmarket estate agent Savills. But it's not only owners of high-end property who are in [...]
London house prices: Capital homes increasingly unaffordable April 19, 2015 Homes in London have become drastically less affordable under the current government, according to a new report published today. A consumer’s capacity to buy a home in the capital is now 77 per cent worse than it was in 2010, according to the latest Ability to Buy index from the estate agent Hamptons International. London [...]
Asking prices reach record highs in London’s property market April 19, 2015 The price of homes coming to market in London has reached an all-time high, according to new figures released today. The average asking price in the capital is now £594,585, up nearly seven per cent from this time last year and almost 50 per cent over the last five years, according to the property website [...]
Bye-bye Tech City? Spiralling office rents in Shoreditch’s Silicon Roundabout will push tech startups out of London April 17, 2015 Technology firms are being forced to consider relocating outside of London by the spiralling costs of renting office space in the capital and the home of tech in Shoreditch. A quarter of London’s tech firms have considered a move away from the capital entirely, while more than two in five lack confidence in the city’s [...]
UK house prices hit new high, but growth slows to its lowest for 16 months as London feels the effects of stamp duty changes and mansion tax fears April 17, 2015 UK house price growth is at its slowest since 2013, despite the cost of buying a house hitting record highs. The capital was particularly affected, as changes in stamp duty and fears of a mansion tax hit sales. The figures According to figures from LSL property Services, March 2015 had the smallest annual rise in [...]
Silicon Roundabout rents push tech firms out of hub April 16, 2015 Office take-up by tech and media firms in Whitechapel, Canary Wharf and the Docklands is on track to overtake London’s traditional industry mecca of Shoreditch this year as companies go in search of cheaper rents, according to new data seen by City A.M. Property advisory firm Colliers International said 79,740 square feet of space was [...]
UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
This dairy is now a multi-million pound Mayfair mansion worth £25m April 16, 2015 A former dairy farm in the heart of one central London's most prestigious locations has been transformed from a simple cowshed into a multi-million pound home worthy of countesses, rather than cows. The more than 8,000 sq ft site on Farm Street in Mayfair, which is close to Grosvenor Square and The Dorchester and just [...]
London house prices no longer the UK’s fastest growing as General Election looms April 14, 2015 House price growth is slowing in the run up to the election, new data from the Office for National Statistics (ONS) has shown, with London slipping down the list of fastest growing regions. In January London was top of the pile with 13 per cent year-on-year growth, but it’s been knocked back as its growth [...]
London house prices: Top-end property sales crushed by stamp duty increase April 13, 2015 Higher taxes have stomped on the prime London property market, forcing the number of sales to dive by one-third, commercial real estate firm DTZ said yesterday. Changes to stamp duty in December’s Autumn Statement mean that homes worth below £1m received a tax cut, but those at the very top end of the price scale have [...]