Winkworth says mansion tax talk hitting demand for London £2m-plus homes December 2, 2014 The threat of a potential mansion tax after May’s general election was hitting demand for £2m-plus homes, estate agent Winkworth said yesterday. Shares in the agency fell 2.6 per cent after it warned of a “subdued” first half of 2015, despite anticipating a pick-up in activity in the final six months of the year. It [...]
UK and London house prices mapped: An average wage in Blackpool will buy you less than two square metres in Chelsea December 2, 2014 Click on the buttons in the top right to reveal the layers The average wage in Blackpool will net you one and a half square metres of floor space in Chelsea, while a Westminster dweller could buy 42.6 metres of home in Blaenau Gwent, such is the disparity in the UK’s housing market. Westminster is [...]
Bank of England: UK mortgage approvals fall to their lowest since 2013 December 1, 2014 The number of mortgages approved by banks fell to their lowest since June last year in October, figures by the Bank of England showed today. There were 59,426 approvals for house purchases during the month, down from 61,234 in September. That's down from an average of 63,727 over past six months. Mortgage approvals have been [...]
Nationwide House Price Index: House price growth slides to 11-month low in November November 28, 2014 House price growth slid to an 11-month low in November as the British housing market continued to cool, according figures released by Nationwide today. The Nationwide House Price Index showed house prices rose 8.5 per cent in the year to November, taking growth to an 11-month low. Price growth for the three months to September [...]
UK house prices may be slowing, but October was the best month for new houses since 2011 November 28, 2014 UK house prices may be waning, but October was the strongest month for new housing in the UK since 2011. According to data from the National House Building Council (NHBC), 13,950 new homes were registered this October, beating every month since June 2011, when 14,565 homes were registered. Of this month's registrations, 11,151 were private sector; [...]
London house prices: Market for £10m-plus homes gets boost from Russia November 25, 2014 Sales of homes valued above £10m has soared by a third this year. The figures released yesterday by estate agents Knight Frank also show the number of transactions were 92 per cent higher from January to October than they were in the same period of 2014. A surge in demand has been seen from Russia. [...]
Mortgage approvals fall to their lowest in 17 months as unsecured borrowing leaps November 25, 2014 The Bank of England's Mortgage Market Review (MMR) continues to wreak havoc on mortgage lending. Figures published this morning showed approvals fell to 37,100 in October, their lowest level in 17 months in October. Analysts had expected the British Bankers' Association's (BBA) high street banking statistics to show a more modest fall from September's 39,300 [...]
Mortgage lending falls at Nationwide as house prices cool November 25, 2014 Mortgage lending at Britain's biggest building society fell £900m to £13.1bn in the six months to the end of September, suggesting "cooling measures" introduced by the Bank of England are taking their toll on the market. Nationwide added that mortgage lending had "reflected a recent flattening of the housing market", caused by a combination of [...]
London house prices: Renting in the capital could cost you half your salary November 24, 2014 As Britain’s property market continues to cool, rental prices are dropping too. According to data from HomeLet, rental prices in five of seven UK regions dropped between September and October, although the annual rate was still positive at 7.5 per cent. For Greater London, which has the highest average rental prices in the country, [...]
London house prices: Property market losing momentum November 23, 2014 London house price growth is continuing to fall below the national average, new data shows today. House prices grew by 1.2 per cent nationally from September to October, according to figures released by estate agents Haart. Meanwhile, prices only rose 0.3 per cent in the capital from September to October. The recent monthly trends are [...]