Mansion tax talk and cooling London house prices fail to dent Savills expectations November 18, 2014 Upmarket estate agent Savills is weathering the moderation of the London property market and the fall in commercial trading volumes in Hong Kong, as other global hotspots continue to perform. In an interim statement published today, the group said it has been affected by the threat of a mansion tax, which could be implemented after [...]
London average house prices top £600,000 for the first time November 16, 2014 The average price of a residential London property has risen above £600,000 for the first time but signs of cooling are evident. The break through the £600,000 barrier in house prices in November marks just a 0.8 per cent increase on October’s figure, according to data released today by online property market platform Rightmove. Rightmove’s [...]
Castles, islands and converted churches: 7 insane properties you could buy for less than the price of a one-bed flat in London November 14, 2014 According to home.co.uk, the price of the average one-bed flat in London is now £482,000. But for the price of a cramped, damp basement in London, you could get something altogether more exciting elsewhere in the country. Time to leave the capital? Here's what you could get… 1. St Michael's Church, Scotland, £375,000 (Source: Zoopla) [...]
Report: UK needs 300,000 new homes each year but red tape prevents house building November 11, 2014 Red tape is preventing house builders from matching growing demand, a new report says today. An extra 50,000 new homes a year are being prevented by rules and regulations, according to the paper published by think tank Policy Exchange. Last year, just 112,000 homes were built and the average over the past 10 years has [...]
UK house prices: Country homes more expensive on average than urban abodes November 11, 2014 Homes in the countryside are commanding a substantial premium over their urban counterparts. Buyers pay average premium of £46,000 – or 26 per cent – for homes in rural areas, according figures released today by Halifax, one of the UK’s top mortgage providers. However, prices in urban areas are catching up after rising faster over [...]
Bovis Homes house prices expected to rise 10 pc in 2014 November 7, 2014 Bovis Homes expect the average sales price of one of its properties to be around 10 per cent higher this year than in 2013, and believes it will sell around 30 per cent more of them. In an interim statement, the housebuilder said sales price had risen about 5 per cent for the period [...]
Buying slows as house prices fall in October November 6, 2014 THE HOUSING market is slowing down as high prices and strict mortgage regulations put off buyers. The average house price fell by 0.4 per cent in October, according to figures released yesterday by Halifax. Monthly data can be volatile, but growth in the three months to October also slowed to 0.8 per cent – the [...]
UK house prices: Growth dips to 8.8 per cent as mortgage cooling measures take their toll November 6, 2014 "Cooling measures" introduced by the Bank of England earlier this year have taken their toll on house prices. Annual growth slid to 8.8 per cent in October, figures by Halifax showed this morning, down from 9.6 per cent in September. The quarterly figure painted an even gloomier picture, with growth of just 0.8 per cent [...]
Rising London house prices: What we can learn from Cyprus’s 2013 economic crash November 5, 2014 As international buyers continue to snap up London property and send house prices skyrocketing, a group of economists has suggested the events leading up to Cyprus's 2013 economic crash should be taken as a warning to UK banks. In March last year, Cyprus's debt had spiraled so far out of control that it came [...]
UK house price growth may be slowing, but Persimmon is bullish November 4, 2014 Persimmon has enjoyed the fruits of 2014’s high house-price inflation, but there were signs in its third quarter figures that a cooling market is beginning to take its toll. The UK’s largest house builder by market capitalisation announced a 12 per cent increase in forward sales totalling £696m in the three months to the end [...]