First-time buyers still have to save for over a decade to get a home in London September 26, 2016 First-time buyers may have hoped the EU referendum would reverse house price growth in the UK, but a Brexit housing crash has not materialised, and saving for a deposit has not become any easier. Would-be homeowners have to save for just over 10 years to get a deposit, according to research by Hamptons International, a figure [...]
Holiday Homes: We fly out to Tenerife and find a volcanic paradise that’s a far cry from high rise tower blocks September 23, 2016 Tenerife was once synonymous with cheap package holidays and unsightly high rise tower blocks. Lately, however, the volcanic paradise isn’t just a place where baby boomers go to burn – it’s also where they go to buy. According to Spanish Property Insight, the Spanish property market has grown 23 per cent since 2015 – the [...]
House price growth in London to drop to six per cent this year September 23, 2016 House price inflation in UK cities is set to slow to 8.2 per cent – and annual growth in London is predicted to fall to six per cent by the end of this year. According to Hometrack, house price growth has slowed in cities across the south of England especially, due to the weaker demand for homes after the Brexit [...]
easyProperty lands biggest ever property deal for an online estate agent September 23, 2016 EasyProperty has landed the biggest ever property deal conducted by an online agent, acting for a private family trust. The property portal sold a £35m property portfolio that comprised 208 properties across east London and Essex; 114 of the assets were residential, 94 were commercial. Contracts between the parties were exchanged seven days after the off-market [...]
House prices under threat in Tower Hamlets due to ballooning development and Brexit September 22, 2016 House prices could be set to fall in Tower Hamlets due to the rapid development of the borough, according to new research. Data collected by property consultancy Propcision shows Tower Hamlets makes a decision on more planning applications than any other London borough, and approves far more developments than other boroughs, which could lead to a downwards [...]
This new proptech startup wants to help generation rent buy their first home September 22, 2016 Zoopla and top investor Robin Klein are backing a new property technology venture designed to help first time buyers hop on to the incredibly difficult first rung of the property ladder. Wannabe homeowners can invest in a property Isa with Bricklane.com which launches today. Cash will go into a Real Estate Investment Trust (REIT), which will invest in rental [...]
Tips from business, suppliers and buyers on getting your product noticed September 22, 2016 If there's one thing we’ve learned since Brexit, it’s that the UK’s small and medium-sized enterprises (SMEs) always have big ambitions. No one ever said it was easy. Some of Britain’s largest and most influential businesses started out with nothing but an idea. Often, the most successful had very little initial investment, but made up [...]
Londoners will pay a £30,000 premium to live in the congestion charge zone September 21, 2016 Londoners are happy to pay extra for a home just inside the congestion charge zone, new research has revealed. According to research from the London School of Economics (LSE), homes inside the zone are £30,000 more expensive than the houses on the other side of the congestion charge boundary. Read more: House prices rebounded this month, hitting first-time buyers [...]
Brexhausted: The number of UK property transactions has plateaued as the market adjusts to new taxes and Brexit September 21, 2016 The number of property transactions fell in August year-on-year as the market adjusted to a more uncertain economic environment. There were 97,600 residential transactions in August, 6.1 per cent lower than in the same month last year, when adjusted for seasonal variations. The figures from HM Revenue and Customs (HMRC) show little change on the number [...]
From virtual reality to socks to the “Netflix of sports” — these nine companies are changing football through technology and innovation September 21, 2016 Modern football has become a magnet for cutting-edge technology and innovative ideas. The ever-increasing sums of money sloshing around in the sport have raised the stakes, forcing clubs to seek out the next marginal gain through state of the art software and brilliant minds, as well as providing ample business opportunities for enterprising fans. These [...]