UK house prices hit new high, but growth slows to its lowest for 16 months as London feels the effects of stamp duty changes and mansion tax fears April 17, 2015 UK house price growth is at its slowest since 2013, despite the cost of buying a house hitting record highs. The capital was particularly affected, as changes in stamp duty and fears of a mansion tax hit sales. The figures According to figures from LSL property Services, March 2015 had the smallest annual rise in [...]
Brits spent £7.5bn on moving house last year: That’s £23,000 in stamp duty, surveyors and other fees if you live in London April 17, 2015 The average cost of moving house in London shot up to £23,000 last year – that's higher than the average (median) UK annual wage. The figures The price of moving house in the UK rose by £431 last year, bringing the average total figure to £8,698 in 2014, up from £8,258 in 2013 and £7,552 in [...]
UK house prices at record high as growth slows amid General Election uncertainty April 16, 2015 The average price of a property across England and Wales was at a new record last month, despite March seeing the smallest annual change in house prices since November 2013. A house now costs on average of £275,123. This is a 5.6 per cent annual rise, equating to £14,620. However, in London and the south [...]
UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
Three charts showing the best countries in Europe in which to buy a second home April 16, 2015 The Eurozone crisis was an economic nightmare for many, not least the property sector, with prices falling across the continent. And while there are signs of growth across the bloc, prices in many countries are still low, according to Eurostat, the statistical body of the EU. The Eurozone and European Union (EU) has returned to [...]
This dairy is now a multi-million pound Mayfair mansion worth £25m April 16, 2015 A former dairy farm in the heart of one central London's most prestigious locations has been transformed from a simple cowshed into a multi-million pound home worthy of countesses, rather than cows. The more than 8,000 sq ft site on Farm Street in Mayfair, which is close to Grosvenor Square and The Dorchester and just [...]
One of the UK’s largest property companies really hates Conservative right-to-buy proposals April 14, 2015 On the whole, those at the top end of the property sector are a pretty conservative bunch – particularly when it comes to politics. After all, alienating those in control of your destiny is a fool's errand when you deal in something as politically sensitive as homes. So eyebrows in the property sector were raised [...]
London house prices no longer the UK’s fastest growing as General Election looms April 14, 2015 House price growth is slowing in the run up to the election, new data from the Office for National Statistics (ONS) has shown, with London slipping down the list of fastest growing regions. In January London was top of the pile with 13 per cent year-on-year growth, but it’s been knocked back as its growth [...]
General Election 2015: Uncertainty hangs over UK mortgage lending data April 14, 2015 The uncertainty surrounding the General Election hit mortgages in February, as lending dropped, with the total number of loans falling one per cent on January’s figure and 16 per cent compared to last year. The figures According to the Council of Mortgage Lenders (CML),a total of 40,600 loans valued at £6.8bn were granted in February, meaning the [...]
National Housing Federation chief: “Extending right-to-buy is the daftest idea I’ve heard” April 14, 2015 Will the Tories' flagship manifesto policy encounter more of a backlash than they had expected? The housing sector is less than supportive, if a blog by National Housing Federation chief David Orr is anything to go by, in which he calls rumours the Conservatives will attempt to extend right-to-buy "a genuinely stupid idea". The blog, [...]