Night Tube series: Top seven places to buy a house in London along the Victoria Line October 15, 2015 If there’s one thing that unites the areas that appear along the Victoria Line, it’s rejuvenation. So here are the top seven places to invest in along the blue line, according to Paul Williams, head of Savills Islington, based on average sales price data within 500m of underground stations in the 12 months leading up [...]
London house prices might be mind-boggling for renters and young buyers, but it’s forcing creative solutions to the problem like never before October 15, 2015 This month, Daniel Radcliffe reportedly put his New York apartment up for rent at an eye-watering price of $19,000 (£12,500) per month. But now you can live the real “Harry Potter” lifestyle for a snip of the cost after an eager London renter in search of a new home tweeted a ‘room’ that was available to rent [...]
The average UK house price is now growing at twice the rate of London property October 14, 2015 What a difference a few months can make. Having once been seen as pulling up average UK house price growth, it seems London is now having the opposite effect, dragging the national average down, according to new figures. The National Housing Market Monitor, by estate agent Haart, found UK house prices grew 10 per cent to [...]
London property: Four in five Londoners think house prices are too expensive, ING says October 14, 2015 More than 80 per cent of Londoners think house prices are too expensive and overwhelming majority believe it is becoming increasingly difficult for first-time buyers to get a foot onto the property ladder, according to new research released today. The Dutch banking giant ING’s house price optimism index, which surveys over 15,000 people, found that the [...]
Betting on inflation: What we learned from our wager on the character of the UK recovery October 13, 2015 In March 2013, we made a bet via Twitter on what would happen to UK inflation as the economy started to recover. Andrew bet that, within 18 months of one-year GDP growth exceeding 2 per cent, inflation would reach 5 per cent or more. He thought that that would happen because economic recovery would [...]
UK housing: Remove the mavericks and stabilise the property market October 13, 2015 The wave of financial services regulations introduced over the last five years has caused deep changes in the way we invest in various asset classes, from equities and fixed interest securities to cash – yet the property market seems to have escaped the regulation firing line. According to the Investment Property Databank (IPD), residential property has been [...]
UK house prices: Buy-to-let lending drove the mortgage boom in August, according to the Council of Mortgage Lenders October 13, 2015 Mortgage lending ticked up in August compared with the same month last year, with buy-to-let lending posting a rapid increase. There was a whopping 37.9 per cent jump in buy-to-let lending on the year, with 22,200 mortgages approved. The amount of money lent out was up 47.8 per cent to £2.3bn, according to the figures released this morning [...]
UK house prices: First-time buyer inflation is slowing, according to ONS house price index October 13, 2015 This could be the news first-time buyers have been waiting for. House prices for those getting a foot on the ladder increased by 3.8 per cent in the year to August, down from an increase of 4.4 per cent in the year to July, ONS figures out this morning show. The average price for a first-time [...]
UK housing market activity rose to a six-month high in September – Connells Survey & Valuation October 13, 2015 UK housing market activity reached a six-month high in September, according to data out today from Connells Survey & Valuation. Last month also saw the number of property valuations reach the second-highest monthly level on record – there were just 0.5 per cent fewer valuations carried out than in March 2015, which is when they [...]
SSI coke ovens and blast furnace to be closed after no viable offer was made for Redcar plant October 12, 2015 SSI's Redcar steel plant will be closed after no viable offers were received from potential buyers, the government confirmed this afternoon. SSI was wound up by the high court in Manchester last week at the company's request, but the Official Receiver had kept the site running while talks took place with interested parties, in the hope [...]