London to experience 3.3pc house price slump in 2015 January 6, 2015 A slowdown in the prime end of the London housing market could drag UK house prices down by 0.6 per cent this year, according to the Centre for Economics and Business Research (CEBR) – a marked different to the 8.8 per cent growth experienced across the UK in 2014. The CEBR expects to see a [...]
The most expensive homes in the world: Where are they and who owns them? London tops the chart December 29, 2014 London’s Buckingham Palace is more than just the home of Britain's queen – it’s also the most expensive home in the world, with a price tag of $1.55bn (although it’s not for sale). But this isn’t the only home with an exceptionally high value – across the world, billionaires have either been buying up the properties [...]
Where could you buy a house for your salary in the UK? Use our property price calculator to find out how much real estate you can afford December 23, 2014 Click on the buttons in the top right to reveal the layers Inside every Briton is a property investor trying to get out. Our neighbours in continental Europe love to rent, but an English person’s home is his or her castle. There is just one barrier to this dream of home-ownership: house prices have risen [...]
London property prices: Do you live in the only London borough where demand for property is rising? December 22, 2014 Londoners are staying well and truly put, it seems. New data showing how much demand there is for property in each borough shows people just aren't interested in buying new homes. In fact, only one borough has showed an increase in demand since February. The research, by online estate agent eMoov, shows just how put [...]
London house price boom loses steam as national prices pick up December 21, 2014 London house prices are moving at a rate more in line the rest of the UK, new data shows, while homeowners borrow more in the run up to Christmas.The average UK price was up 7.8 per cent year-on-year in November compared to 7.9 per cent in London, according to figures released today from Haart estate [...]
London house prices and UK rent rises to slow in 2015 December 18, 2014 London house prices are set to stall in 2015, the Royal Institution of Chartered Surveyors (RICS) said today. Prices in the UK are forecast to grow by three per cent in 2015, yet in the capital growth will be zero. Rents in the UK are expected to increase by just two per [...]
This £45m mansion could have just netted the government £5.3m in stamp duty December 18, 2014 A 19-bedroom Mayfair mansion that's just been sold with an asking price of £45m may have just made the government £5.3m. Seven Balfour Place from the outside The 13,000 sq ft mansion, on Balfour Place, also comes with seven reception rooms, six kitchens, 17 bathrooms and a roof terrace. The company in charge of selling [...]
London house prices drop £30,000 in a month: Which borough was hit hardest? December 15, 2014 The housing market in the UK cooled by its highest amount (in pounds) on record, according to data from Rightmove. Greater London was the region that suffered most, with a drop of -5.1 per cent between November and December 2014. It may not be the biggest percentage drop (that was East Anglia with -5.7 per cent) [...]
UK house prices suffer biggest drop on record, with London average falling £30,000 in a month December 15, 2014 The fall in house prices in England is accelerating, with prices in some regions falling by five digits. The national drop of almost £9,000 (to £258,424) is the largest ever when measured in pounds, according to new data from Rightmove. Although the more accurate percentage drops aren't record breaking, they are still pretty big. According to [...]
Mansion tax fears and stamp duty changes send the world’s super-rich to London’s rental market December 7, 2014 Anxieties over the outcome of the 2015 general election and new stamp duty reforms are persuading the world’s super-rich to rent property in London rather than buy it outright, according to a new report. London’s lettings market has benefitted from a huge bump in prime rentals, with as much as 21 per cent of [...]