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 [...]
London house price growth set to slow to nothing in two years August 26, 2014 London house price growth will slow to nothing in 2016, as interest rates rise and properties become increasingly unaffordable, according to research yesterday According to property firm Savills, prices will climb by 15 per cent in the capital this year, but a slowdown will mean no price growth by 2016, and slower-than-average increases in 2017 [...]
In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]
London house prices ready to break through £500,000 mark August 19, 2014 House price growth dipped slightly in June, while the average property in the capital climbed to just shy of £500,000, according to figures released yesterday. Prices across the UK as a whole still rose in the year to June, up by 10.2 per cent, but the figure was a slight drop from May’s 10.7 per [...]
London house prices continue to fall as cooling property market spurs rush to sell August 18, 2014 London house prices are falling for a third month in a row, according to a major property site, the latest sign of a groundswell of sellers flooding the market. New selling prices dropped 5.9 per cent between July and August, according to Rightmove. Although prices are still 10.3 per cent higher than in the [...]
London house prices: Housing market cools in capital with July sales drop and slower growth forecast August 14, 2014 London house sales dropped last month as the market cooled, calming fears of a housing bubble in the capital- a trend that’s expected to continue over the next 12 months. The data from the Royal Institution of Chartered Surveyors suggest the market is “going into reverse”, as sales fell for the third month in a [...]
As London house prices show signs of cooling, are fears of a bubble overplayed? August 12, 2014 Rob Wood, chief UK economist at Berenberg Bank, says Yes. Rapid rises in house prices would be a threat if they turned into an uncontrollable bubble accompanied by a rapid debt build-up. So it is good news that London house price inflation seems to be slowing down. And that slowdown has its roots in action [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
Recovery at risk as London house price boom outstrips wage growth, warns Moody’s August 5, 2014 Britain’s banking recovery is at risk from a housing crash, analysts warned yesterday – and that could throw the whole economy off track. The 17 per cent boom in London house prices is far outstripping wage growth, credit ratings agency Moody’s warned, and could come grinding to a halt. Rising interest rates could hit some [...]
London house prices up 25.8 per cent in a year: How do other UK regions compare? July 31, 2014 Yet another report, this time from Nationwide, has shown that London house prices have soared in the last twelve months. Growth is slowing, however, and the latest figures show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase and lower than the [...]