UK house prices: Home ownership falls for first time in over a century as renting soared June 19, 2015 The UK experienced its first fall in home ownership in a century between 2001 and 2011, according to data from the Office of National Statistics. Some 64 per cent of the 23.4m households in England and Wales were owner-occupied in 2011 – down from 69 per cent in 2001. Rented households accounted for 36 per cent [...]
UK house prices: Arsenal top the Premier League of renting June 18, 2015 Arsenal can finally claim to be top of the Premier League, at least when it comes to rental prices. Lettings agent Rentify has compiled a list of how top football clubs would rank if the table were organised on the rental price for a two-bedroom flat. Read more: How would the monopoly board look in [...]
New build or old house? Just one in five prefer new properties dubbed “rabbit hutches” with “zero charm” June 17, 2015 There may be new developments popping up all over London as housebuilders scramble to serve the property needs of an ever-growing capital, but just one in five Brits would prefer buying a newly built house. New builds have been lambasted as too small, poorly built and lacking in character and nearly half of Brits prefer [...]
UK house prices: Tony Pidgley’s Berkeley calls for Britain to stay in the EU as housebuilder’s profits rise 42 per cent June 17, 2015 London-centred residential property developer Berkeley Group announced a 42 per cent increase in full-year profits today, but warned a British exit from the EU would be bad for the capital's property market. Read more: How can the UK build more houses? In preliminary results for the year to the end of April, Berkeley stressed that the [...]
Homebuyers ready to sacrifice space for more shops and bars June 16, 2015 The number of homebuyers that are prepared to sacrifice space in favour of a short commute to work or better nightlife has jumped over the last year, according to a new survey by Santander Mortgages. According to research published by the bank today, Britons are increasingly turning into a “recreation nation”, with those citing proximity [...]
London house prices: Growth in the capital slows to lowest rate since 2012 June 16, 2015 UK house price growth slowed to 5.5 per cent in the year to May, according to data published today by the Office for National Statistics (ONS). London’s market was particularly subdued, falling to 4.3 per cent – the capital's lowest figure since October 2012. Read more: Average property price in Kensington and Chelsea rises by £486,000 [...]
UK house prices: Crest Nicholson enjoys fruits of high demand as profits rise 52 per cent June 16, 2015 Crest Nicholson’s profit before tax leaped 52 per cent in the six months to the end of April, thanks to an improving market characterised by a sustained demand. Read more: Rents growing across the UK for only the third time on record The figures Residential developer Crest reported profit before tax of £58.3m, a 52 per [...]
UK house prices: Rents growing across the UK for only the third time on record June 15, 2015 Rental prices rose in every region across the UK in the year to May, with the South West surging forward with double digit growth. According to data from HomeLet, prices across all regions grew on a monthly basis too – only the third time the index has shown growth in all 12 regions – it [...]
Mansion tax mania: Average property price in Kensington and Chelsea rises by £486,000 in one month June 15, 2015 The average asking price for a home in Kensington and Chelsea rose 28.4 per cent (almost £500,000) between May and June, according to data from Rightmove. The figure hints at a glut of high-end properties entering the market after the election, now sellers can forget their fears over the mansion tax. Read more: As rents [...]
Rising UK house prices: 31 is the average age for buying a first home, and it rarely happens without parental support June 14, 2015 The average age for Britons to buy their first homes is now 31, up from 28 in 1995 according to Halifax figures. Over the last 20 years properties have mostly trebled in value from around £61,500 to £196,000, and they are predicted to go up another 25 per cent over he next five years due [...]