The average London house price is now £514,000: But how is the rest of the UK faring? October 14, 2014 UK house prices are up 11.7 per cent in the year to August, the same as the year to July but how much are they being dragged up by London? Eleven point seven per cent growth seems big enough, given low wage growth and inflation of 1.2 per cent. But what about the context? According [...]
London house prices could drop further over the next three months October 9, 2014 House price momentum has gone back 16 months. According to the latest Royal Institution of Chartered Surveyors (Rics) report, this is the third straight month that demand has slipped. Simon Rubinsohn, chief economist at Rics, said expectations were that prices in London could drop over the next three months, as a greater balance between supply and [...]
London house prices could fall next year after booming 2014 October 6, 2014 The boom in London house prices will not only end next year, but could even fall, according to the Centre for Economics and Business Research (CEBR). Their own forecast puts the decline at 2.6 per cent for 2015, which would be the first annual fall since 2009. House prices in the capital are expected to [...]
London house price growth slows: How do the other regions compare? September 30, 2014 UK house price growth slowed to 9.4 per cent in the year to September, figures published Tuesday showed, down 11 per cent from last month. Between August and September, monthly growth fell 0.2 per cent – the first drop in 17 months, the figures from Nationwide showed. As the building society's chief economist, Robert Gardner, [...]
London house price growth outstripped by Dublin September 24, 2014 We thought the rate of house price growth in London was extreme – but new figures show it has been outpaced by that in Dublin. House prices in the Irish capital grew by 25.1 per cent in the year to August, easily outstripping London's 19.1 per cent rise. The two markets are, of course, coming [...]
London house prices make it the world’s most expensive city September 23, 2014 London is the world's most expensive city, according to a new report. High property costs (the average price just went over £500,000 according to the ONS), high transports costs and expensive drinks have long been the bane of Londoners, and now a new report from Savills, an estate agent, has calculated London to top its [...]
London house prices: Average asking price in the capital reaches £558,000 September 15, 2014 The latest figures from Rightmove show London's average asking price grew by 13 per cent over the last year, the biggest rise anywhere in the country. Look at the breakdown for the rest of the UK here ONS data sees house prices reach record high It didn't top Rightmove's tables over the last month, but [...]
More sign of London house price woes? Foxtons share price falls as BC Partners halves stake September 5, 2014 Foxtons may have been the darling of the London property boom, but as house price growth in the capital has fallen, so have the estate agent's shares. BC Partners, the investor that had its fingers badly burned when it bought Foxtons off founder Jon Hunt at the top of the housing market in 2007 before [...]
Super skinny North London house goes on to auction with a £235,000 price tag September 3, 2014 It may seem like a home for the super-svelte, but you'll need a fat wallet if you want to buy this seven-foot wide home near Turnpike Lane station in North London – it's being put up for auction with a guide price of £235,000. Here's the skinny: the two-storey, two-bedroom home on St Anns Road [...]
London housing market is back to normal, says Berkeley chair September 1, 2014 HOUSE builder Berkeley’s chairman Tony Pidgley has said that London’s housing market is “stabilising”, in a trading update. “Since the start of the current financial year, the market has reverted to normal transaction levels from the high point in 2013, providing a stable operating environment. Demand for the right product with good design in the [...]