Can London build enough homes for 9m people? And where should the new houses be built? October 30, 2014 As our population has increased, housebuilding has become a major political issue. There’s now a consensus that the capital needs to get building to accommodate a population that’s expected to grow by 920,000 by 2024. But it’s not an impossible task, according to residential and commercial estate agent Stirling Ackroyd, who released their [...]
Merchants Walk in east London: Affordable house prices, yet very commutable October 30, 2014 As the fringes of the City soar in both popularity and price, first-time buyers and young professionals on modest incomes are looking to move a bit further afield. In this case “further afield” means 15 minutes away by Tube. Bow in Tower Hamlets, east London, has seen a spurt in popularity as a result, [...]
A Scottish castle for the price of a London one-bed? Yes, please October 30, 2014 Alright, so London might have the culture and bustle – but let's face it, when you have to fork out £550,000 to buy a garage, something's not right. Perhaps it would be better to give it all up and head north – where the air is clean and property prices are pretty reasonable. Take, for [...]
UK house prices rise 0.5 per cent in October, but longer-term trend is slowing October 30, 2014 Are house prices rocketing or is their growth slowing? It's getting confusing – according to Nationwide, the unpredictable UK housing market rose in October, with prices up 0.5 per cent month on month, after they fell 0.1 per cent in September. But the annual figure, a more reliable measure, slowed to nine per cent. As [...]
Mortgage approvals fall to lowest level since July 2013 October 29, 2014 Mortgage approvals have fallen to a 16-month low, adding further weight to the argument that the housing market is slowing down. Lenders approved just 61, 267 mortgages in September, figures published by the Bank of England revealed this morning, continuing the decline from a peak at the start of this year. In total, [...]
London house prices: Year-long boom comes to an end October 28, 2014 London house prices fell steeply in September, following a year of exceptional gains across each of the capital’s boroughs. Data published yesterday by the Land Registry shows London house prices fell 0.7 per cent in just one month. However, prices are still elevated; they are 18.4 per cent higher compared with September 2013. The price [...]
Land Registry: UK house prices have fallen 0.2 per cent since August October 28, 2014 UK house prices have fallen since August, data published by the Land Registry today showed, offering further evidence of a cooling market. The Land Registry, which uses price paid data as opposed to asking prices, said prices have fallen 0.2 per cent since August, despite rising 7.2 per cent in the year to September. [...]
London house prices: The capital could have 500,000 new homes worth £200bn by 2024 October 28, 2014 Although the rise of house prices in the capital has slowed for now, the housing crisis remains a major issue – so new data showing London's property market could grow by over £200bn over the next 10 years is encouraging. Estate agent Stirling Ackroyd says that although 570,000 new homes will be needed to satisfy [...]
Foxtons share price plummets as it issues profit warning on cooling London house prices October 23, 2014 What a difference a year makes. Just over a year after its massively oversubscribed IPO, shares in Foxtons have plummeted more than 16 per cent after it issued a profit warning saying "constrained" growth in London's housing market is likely to hit volumes in its second half. The upmarket estate agent, known for its trendy, [...]
London house prices: Property market stalls in September October 21, 2014 The inexorable rise in London’s house market stalled in September according to Sequence, a national estate agency network. The number of transactions fell by one per cent, adding to the body of evidence pointing to a marked slowdown in the London housing market. “What we are seeing is a return to normality in the housing [...]