London house prices: Capital would be hit disproportionately by mansion tax January 20, 2015 The extent to which London will be disproportionately hit by a new mansion tax has been revealed by new research looking into the most expensive properties in the UK Labour has proposed a tax on properties worth over £2m, which, according to research by Knight Frank, means 2.5 per cent of properties in London would [...]
London house prices: Unseasonable heat in the capital’s housing market January 19, 2015 After a muted end to 2014, London house prices grew 0.9 per cent in January, compared to just 0.2 per cent in the first month of 2014. 10 of the 32 boroughs surveyed by Rightmove reported asking prices having dropped in January, with the positive score for the region pushed up by some top performers. [...]
UK house prices rise unexpectedly: Stamp duty to the rescue? January 19, 2015 Are these the first signs of a bounce back in the property market? Data from Rightmove, a property portal, has shown that average asking prices have risen by 1.4 per cent in January. This may not sound like a huge leap back to the heady heights of last summer, but January is not traditionally a [...]
Savills share price surges on profit outlook upgrade thanks to Stamp Duty changes January 15, 2015 Estate agent Savills has upgraded its profit outlook for 2014 after changes to stamp duty came into effect at the end of last year, sending shares surging almost nine per cent in early trading. Revenue and profit exceeded forecasts in December after a sales boost from the rise in Stamp Duty for properties priced over [...]
London house prices to drop as surveyors see slowdown January 14, 2015 SURVEYORS are predicting a fall in London house prices in 2015, new survey data shows today. Surveyors in London are anticipating a decline in prices of two to five per cent, according to the Royal Institution of Chartered Surveyors (RICS). The price falls are expected to go along with a five to 10 per cent [...]
London house prices: Can stamp duty save the capital from a demand crisis? January 14, 2015 Demand for houses has been falling in the housing market for six months, or eight if you live in London. It doesn’t feel so long ago we were talking about booms and whispering of bubbles, but that's gone for now. The latest figures from the Royal Institute of Chartered Surveyors reveals that 10 per cent [...]
UK house prices: Total value of UK residential property hits £5.8tn January 12, 2015 The combined cost of all the homes in the UK has increased by almost a trillion in the last five years, according to data from the estate agent Savills. Adding the values of all the homes in Britain makes a heady total of £5.75 trillion, or 2.7 times the UK’s GDP. The region with by [...]
Taylor Wimpey says housing market is set for “lower rate of price of growth” January 12, 2015 House builder Taylor Wimpey reported this morning its total home completions rose six per cent to 12,454 in the year ended 31 December. The average selling price on private completions grew a hefty 11 per cent from £210,000 in 2013 to £234,000. The overall average selling price climbed 12 per cent to £213,000. The FTSE 100 [...]
Taylor Wimpey, Barratt and Persimmon share prices among biggest FTSE fallers as Jefferies slashes ratings January 9, 2015 Housebuilders Taylor Wimpey, Barratt and Persimmon were among the biggest fallers on the FTSE 100 this morning, after broker Jefferies cut its rating across the sector. Shares in Taylor Wimpey – whose rating was cut to "hold" from "buy" – were down 4.9 per cent in lunchtime trading, while Barratt and Persimmon, which were both [...]
UK house prices: Mild respite for home buyers as market cools January 8, 2015 House price growth continued to slow in December, but still remained at elevated levels. The climb in house prices was 7.8 per cent year-on-year in December, figures released yesterday by Halifax revealed. It marks a cooling from the peak of the recent boom that, according to Halifax’s figures, saw prices rise 10.2 per cent year-on-year [...]