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 [...]
UK and London house prices: How long does it take to save a deposit for a property? 104 years for people in Brighton October 20, 2015 Wannabe homeowners in Brighton are worse off than Londoners when it comes to jumping onto the first rung of the property ladder. A resident in the 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 [...]
London house prices up by 10 per cent in October and first-time buyers bear the brunt – Rightmove October 19, 2015 There's just no end to it. London house prices are 9.8 per cent higher than they were in October 2014, data released today by online property market Rightmove reveals. Nationally, house prices rose 5.6 per cent year-on-year with first-time buyer properties leading the way at 9.6 per cent. The number of properties coming to the London [...]