Interactive: London house prices compared to 2007 June 17, 2014 Everyone is talking about the ONS stats out today showing that London house prices rose 18.7 per cent in the year to April, against the backdrop of a 9.9 per cent rise nationally. Housing market analyst Neal Hudson made this great scatter graph showing how prices in individual London boroughs are increasing currently and how much [...]
In graphs: London house prices up 18.7pc in just a year June 17, 2014 House prices in London rose 18.7 per cent in the 12 months to April according to new figures released today by the Office of National statistics (ONS). Across the country prices were up 9.9 per cent, with growth outside London and the south east at 6.3 per cent. Despite figures from Rightmove yesterday showing the market [...]
London house market shows sign of cooling June 16, 2014 HOUSE prices in London dropped for the first time this year between May and June, dipping 0.5 per cent as buyers’ ability to pay rapidly accelerating asking prices wanes. The average price dropped to £589,776 on the month, according to Rightmove’s latest price index. However, asking prices are still up by more than £70,000 from [...]
London house price danger flagged by IMF review June 6, 2014 The UK's government has this morning received a far more glowing appraisal from the International Monetary Fund (IMF) than it has become used to. The supranational organisation has delivered its Article IV mission findings, noting that the UK's economy "has rebounded strongly and growth is becoming more balanced". Among its other points, the IMF lists [...]
London house price boom set to cool down May 28, 2014 LONDON’S housing market is likely to slow down over the summer and return to normal levels of growth in the coming years, Britain’s biggest building society said today. Prices in the capital have shot up by as much as 20 per cent in the last year, but are likely to gradually slow down to increase [...]
London house price surge to slow after frenzied year April 28, 2014 LONDON house prices could rise more moderately in the months ahead after a manic year of double digit growth, new evidence today suggests. The latest report from Hometrack shows that the amount of time that the average London house spends on the market has risen from 2.7 to 3.4 weeks between March and April. The [...]
Average London house price to top £700,000 by 2020 April 14, 2014 LONDON house prices are set to rise 54 per cent over the next six years, leaving the rest of the UK’s property market even further behind, new research claims. A typical home in the capital will be worth more than £700,000 in 2020, according to the Centre for Economics and Business Research (CEBR). This rapid [...]
London house prices are now more than double the rest of the UK April 2, 2014 LONDON’S house prices have soared to historic levels, with the gap between prices in the capital and elsewhere in the UK expanding to the widest it has ever been. Figures released by Nationwide yesterday showed that the cost of a typical London home – at £362,699 in March – was over twice as high as [...]
Average London house price hits £362,000 April 2, 2014 House prices in March grew by 0.4 per cent, a slower rate than in previous months, according to the Nationwide building society. House prices are now 9.5 per cent higher than they were at the same point last year. London house prices are up 18 per cent compared to March 2013. However, Nationwide said "there are [...]
London house prices are not a bubble say official forecasters March 26, 2014 LONDON’S house prices are booming because of a lack of supply and are not in a bubble, the Office of Budget Responsibility (OBR) told MPs yesterday. Prices are rising by around 10 per cent per year in the capital, but are not set for a crash because demand will continue to outweigh supply. The OBR [...]