IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
London house prices: Queues around the block as 215 flats at bargain basement prices at Trinity Square in Hounslow sell out in three hours, netting £60m of sales November 6, 2015 Yet another sign of the hysteria surrounding London's housing market: 215 flats at a residential development in Hounslow sold out in just three hours on Thursday night, as hundreds of people clamoured to get their hands on one of the homes. Developer Galliard said it made sales of £20m per hour between 5pm and 8pm [...]
First-time buyers need £50k per year to get on the property ladder – GoCompare November 5, 2015 The average UK salary of £22,000 is less than half the average needed to get on the property ladder, research from comparison website GoCompare has found. On average a minimum household income of £50,000 is required, with a 90 per cent mortgage. Unsurprisingly, London was found to be the most unaffordable, with household incomes of [...]
Night Tube series: Top seven places to buy along the Central Line November 2, 2015 Deep down in the bowels of London, there lies the Central Line, perhaps the hottest, noisiest and most crowded of all Tube Lines. It’s also one of the quickest lines meaning it’s useful for commuters coming in from the far flung suburbs of east and west London. But for investors and first-time buyers, it’s the [...]
Focus On Acton: Ealing’s up-and-coming neighbour in London’s property market November 2, 2015 For years, Acton has been seen as the poor relation of more affluent or trendy neighbours like Chiswick or Ealing. But it’s a place of mixed perceptions that’s only going to go up in the world. The name comes from the old English for “oak farm”, alluding to the time it was a rural part [...]
UK’s rising population will support the housing market, says Moody’s November 2, 2015 The UK and Ireland’s expanding population combined with both countries’ housing supply shortage and “robust” economic growth will support demand and property prices, Moody’s Investors Service has said this morning. Moody's research comes amid warnings from UBS economists last week that London's property market is on the verge of bubble that could pop soon after [...]
Horrifying house prices (and other scare stories) – here’s what got us talking this week October 30, 2015 It was a week in which we discovered that two teenagers were suspects in the TalkTalk hack (but that "significantly" fewer people were affected. We learned that all MPs earn a lot more than their constituents. And we discovered that the UK's population is growing much quicker than previously thought. Here's what got us talking this week [...]
Land Registry: London house prices hit half million-pound mark October 28, 2015 UK house prices rose by 5.3 per cent in the year to September, with the price of an average London property reaching half a million pounds for the first time, Land Registry figures show. London posted the biggest annual rise of 9.6 per cent in September and also outpaced the rest of the UK on a [...]
TalkTalk and WPP pull index off Friday’s high – London Report October 27, 2015 A fall in advertising group WPP, while TalkTalk’s losses worsened in the wake of a cyber attack, weighed yesterday on the FTSE 100 as it slipped off two-month highs. The blue-chip index ended 0.4 per cent lower at 6,417.02 points, having risen 1.1 per cent on Friday to its highest level in two months. Commodity [...]
Mortgage lending rises sharply in September for the fourth month in a row October 22, 2015 The amount of mortgage lending to UK homebuyers jumped by 12 per cent in the year to September as rising employment and earnings growth helped keep confidence levels high. Gross mortgage lending reached £20bn in September, up from £17.8bn the same time last year and two per cent higher than August’s lending total of £19.7bn, [...]
Want to buy a Brighton home? Wait 100 years October 20, 2015 FIRST-time buyers in Brighton are worse off than their London counterparts, according to online estate agents HouseSimple. A resident in the seaside town would need to save for more than 104 years to amass a deposit for a property in the area, based on average salaries and property prices, The average cost of a Brighton [...]