More sign of London house price woes? Foxtons share price falls as BC Partners halves stake September 5, 2014 Foxtons may have been the darling of the London property boom, but as house price growth in the capital has fallen, so have the estate agent's shares. BC Partners, the investor that had its fingers badly burned when it bought Foxtons off founder Jon Hunt at the top of the housing market in 2007 before [...]
UK house prices rise 0.8 per cent in August August 29, 2014 House prices in the UK went up by 0.8 per cent in August, according to Nationwide's house price index. The result marks the 16th consecutive month of increases, and is a significant jump from the 0.2 per cent rise reported in July. It is also much higher than economists' expectations of a 0.2 per [...]
London’s house price surge hits the buffers as demand declines August 28, 2014 The housing market resurgence that started last year appears to be slowing down after rapid price hikes, with the higher valuations increasingly putting off potential buyers, especially in London. A set of data released this morning by Hometrack shows just a 0.1 per cent month-on-month increase in August across the country. London prices were completely [...]
UK property: Stamp duty is still a barrier to sale as demand looks flat August 27, 2014 Demand may be seeping out of the housing market, but it's taking its time about it. The National Association of Estate Agents, which conducts monthly surveys of affiliated agents, found the average number of buyers registered per office had decreased 0.9 per cent between June and July,while the number of houses registered for sale increased [...]
London house price growth set to slow to nothing in two years August 26, 2014 London house price growth will slow to nothing in 2016, as interest rates rise and properties become increasingly unaffordable, according to research yesterday According to property firm Savills, prices will climb by 15 per cent in the capital this year, but a slowdown will mean no price growth by 2016, and slower-than-average increases in 2017 [...]
The 12 London streets where house prices are £10m plus August 26, 2014 Figures by Zoopla published on Tuesday show almost 500,000 homeowners in the UK are now property millionaires. According to the figures, the number of streets in Britain where houses are worth over £1m has risen by almost a third since August last year. Not surprisingly, though, London has the most expensive streets – including Kensington Palace [...]
Top state schools add £21,000 premium to house prices in catchment areas August 25, 2014 Buying a house in a catchment area for one of the best state schools in England can cost tens of thousands of pounds more than a similar home in the same area, according to research out today. Figures from Lloyds Bank indicate that it costs an average of £21,000 more to live in the catchment [...]
Fears of threat to UK house prices from shale gas fracking rejected by government August 25, 2014 The government has stuck to its guns over fracking despite claims that the practice could be damaging to property values. The Department of Energy & Climate Change (Decc), led by minister Ed Davey, told City A.M. shale exploration would have no impact on house prices, despite suggestions homes near drilling sites could be put into [...]
In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]
UK house prices may be rising, but it’s better to buy than to rent August 25, 2014 It is cheaper to handle the costs associated with buying a house rather than paying rent according to data from Halifax. While this fact is not new – Halifax's data suggests it's been the case since 2009 – it is interesting that despite a rise in house prices over the last year (up 10.2 per cent [...]