London leads UK-wide house price slowdown November 20, 2014 More evidence has emerged that suggests London house price growth is set to slow sharply while the national market moderates. Of the UK’s 20 largest cities, 14 are now registering house price inflation below the national average for the UK, according to data released today by property market analysts Hometrack. Over the past 12 months, [...]
Home loan rates set to drop more as HSBC introduces record low mortgage of 0.99pc November 19, 2014 Mortgage rates are poised to break new records and edge even further down. HSBC recently made headlines by introducing a record low mortgage rate of 0.99 per cent, with economists from the bank predicting policy rates would stay at their all-time lows of 0.5 per cent until at least 2016. It looks unlikely to end [...]
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) [...]