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 [...]
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 [...]