UK house prices: Mansion tax shrugged off as empty plot on Poole peninsula goes on sale for £6.25m November 19, 2014 The threat of mansion tax may be dampening the prices in London and making Myleene Klass feel like she can't brew coffee in her own home, but it doesn't appear to be having much of an impact in Dorset. An empty piece of land on the county's narrow Sandbanks peninsula has gone on sale for [...]
On the frontline: why the internet is a hindrance when it comes to moving house November 19, 2014 It may sound counterintuitive, but when it comes to moving I’d argue the internet has become a hindrance. Everyone thinks they’re a property expert; a plethora of dubious stats, endless subjective historic – and hysteric – online data and an ever more tempting set of search filters has created the impression that your perfect property [...]
Booming house prices defy talk of cooler times November 18, 2014 UK HOUSE prices continued their summer boom into September, official figures say, but other sources show price growth slowing. House prices shot up by 12.1 per cent in the year to September 2014, up from 11.7 per cent in the year to August, according to data released by the Office for National Statistics (ONS) yesterday. [...]
UK house prices in charts: London’s growth slows, but how are other regions performing? November 18, 2014 UK house prices growth slowed between August and September, as the cooling London market weighed on the rest of the UK. As this chart shows, London’s price index fell by 1.1 per cent between August and September. The UK as a whole saw a drop of 0.2 per cent. Once the London effect is removed [...]
London house price growth slows again November 18, 2014 London house prices may still be soaring ahead of the UK curve at over £500,000, but their lead is shrinking. According to new data from the Office of National Statistics (ONS), growth in the capital slowed from 19.6 per cent in the 12 months to August to 18.8 per cent in the year to September, [...]
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 [...]