UK house prices: The average price of a UK flat has risen by nearly £85,000 since 2009 May 21, 2017 Flat prices in the UK have soared over 50 per cent or nearly £85,000 since 2009, according to data from Halifax. The study found that growth in flat prices has upstaged growth in prices for other property types (39 per cent) in the last seven years. The average price of a UK flat has increased [...]
UK house price growth drops to 4.1 per cent in March as slowdown in London continues , according to data from the Office for National Statistics May 16, 2017 Average UK house prices increased 4.1 per cent in the year to March 2017, down from 5.6 per cent in the year to February 2017. New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues. House prices in London recorded the second-lowest annual growth [...]
London is now one of the five cities with the lowest house price growth in the UK April 28, 2017 London is now one of the five cities with the lowest house price growth in the UK, and has been overtaken by a slew of regional cities such as Manchester, Birmingham, Portsmouth and Leicester. In March, house price growth in London was just 4.9 per cent, according to Hometrack. Manchester, Birmingham and Bristol, the top [...]
Where things stand one year after BHS went into administration April 25, 2017 BHS was almost 90 years old when it went into administration a year ago today, but all that remains of its legacy now is a string of empty shops and an online store. When retail tycoon Sir Philip Green sold the chain for just £1 to serial bankrupt Dominic Chappell in 2015, he set off [...]
London property prices drop by £10,000 in a year as high-end market slumps April 24, 2017 The average price of London property has dropped by nearly £10,000 since this time last year, just as the rest of the country hits a record high. Properties in the capital are now coming to market 1.5 per cent (£9,423) cheaper than a year ago, the biggest fall since May 2009 according to Rightmove’s latest [...]
UK house prices: Property transactions have fallen to their lowest since 2013 April 21, 2017 The number of homes bought in the UK fell to its lowest since 2013 last year, new figures have shown. Some 1.15m homes were bought between April last year and March this year, compared with 1.32m the year before, and 2m in 2014-15. The figures also showed the number of homes bought fell 40 per [...]
Does earning £70,000 make you rich, as Labour’s John McDonnell suggests? April 19, 2017 The nation’s chattering classes were in uproar today after Labour’s shadow chancellor, John McDonnell, suggested his party will shift the tax burden to “the rich” – which he defined as those earning “above £70,000 to £80,000 a year”. Does £70,000 really make you rich? Objectively, it isn’t a difficult question to answer: annual earnings of [...]
Gold prices: The yellow has found a new pocket of opportunity April 18, 2017 “Don’t gain the world and lose your soul; wisdom is better than silver or gold.” You may have to read the quote more than once, but Bob Marley knew what he was talking about. At the moment, investors seemingly disagree a bit with him, and they have pushed spot gold up around 8 per cent [...]
UK and London house prices: The disastrous new tax on buy to let landlords is really a tax on tenants April 6, 2017 Theresa May stood on the steps of Number 10 Downing Street last summer and pledged to help those “just about managing” families and build “a country that works for everyone”. After a divisive referendum campaign and a period of political turmoil, it was a reassuring message. Tackling Britain’s housing crisis was quickly identified as one [...]
There are 10 buyers for every property, propping up house prices March 21, 2017 Low supply is propping up the housing market as it has been rocked by property tax changes and uncertainty over the UK consumer's spending power. There are now 10 buyers for every property on sale in England and Wales, which Haart estate agents said was a "gap that is set to widen". House prices grew 2.6 per [...]