London leads UK-wide house price slowdown November 20, 2014 More evidence has emerged that suggests London house price growth is set to slow sharply while the national market moderates. Of the UK’s 20 largest cities, 14 are now registering house price inflation below the national average for the UK, according to data released today by property market analysts Hometrack. Over the past 12 months, [...]
Where is the best place in London to buy property? Bayswater, Paddington and Queensway the new housing hot spot, says Knight Frank November 20, 2014 Property investors looking for the next hot spot should pay attention. Knight Frank has identified the next up-and-coming part of London, and it's really central. W2 – specifically Bayswater, Paddington and Queensway – has “arguably the strongest development and regeneration potential of any prime central London residential market,” according to Knight Frank's head [...]
UK house prices in charts: London’s growth slows, but how are other regions performing? November 18, 2014 UK house prices growth slowed between August and September, as the cooling London market weighed on the rest of the UK. As this chart shows, London’s price index fell by 1.1 per cent between August and September. The UK as a whole saw a drop of 0.2 per cent. Once the London effect is removed [...]
London house price growth slows again November 18, 2014 London house prices may still be soaring ahead of the UK curve at over £500,000, but their lead is shrinking. According to new data from the Office of National Statistics (ONS), growth in the capital slowed from 19.6 per cent in the 12 months to August to 18.8 per cent in the year to September, [...]
Mansion tax talk and cooling London house prices fail to dent Savills expectations November 18, 2014 Upmarket estate agent Savills is weathering the moderation of the London property market and the fall in commercial trading volumes in Hong Kong, as other global hotspots continue to perform. In an interim statement published today, the group said it has been affected by the threat of a mansion tax, which could be implemented after [...]
London average house prices top £600,000 for the first time November 16, 2014 The average price of a residential London property has risen above £600,000 for the first time but signs of cooling are evident. The break through the £600,000 barrier in house prices in November marks just a 0.8 per cent increase on October’s figure, according to data released today by online property market platform Rightmove. Rightmove’s [...]
London property prices: Slowing demand in the capital drives national market dip but it’s “temporary” November 13, 2014 A fall in demand for houses from new buyers in London is leading a dip in the national housing market as house price growth remains sluggish. Demand fell for the fourth consecutive month in October, according to the Royal Institute of Chartered Surveyors (Rics) but the number of houses coming on to the market remained [...]
Rising London house prices: What we can learn from Cyprus’s 2013 economic crash November 5, 2014 As international buyers continue to snap up London property and send house prices skyrocketing, a group of economists has suggested the events leading up to Cyprus's 2013 economic crash should be taken as a warning to UK banks. In March last year, Cyprus's debt had spiraled so far out of control that it came [...]
London property prices: More million-pound properties have been sold in London this year than ever before October 31, 2014 London house prices might be cooling, but things are certainly hotting up at the premium end of the market. Sales of properties costing more than £1m have reached record levels in the UK with 6,143 houses sold in the first half of the year- 70 per cent of which were in London. That’s nearly 2,000 [...]
Merchants Walk in east London: Affordable house prices, yet very commutable October 30, 2014 As the fringes of the City soar in both popularity and price, first-time buyers and young professionals on modest incomes are looking to move a bit further afield. In this case “further afield” means 15 minutes away by Tube. Bow in Tower Hamlets, east London, has seen a spurt in popularity as a result, [...]