As house prices hit another all-time high, we need to cut bureaucracy burdening sales April 26, 2022 Yesterday, average house prices in England hit a record high for the third consecutive month, according to RightMove. They reached an average of £360,100. High buyer demand and a limited number of homes available are likely to send prices even higher. Against this backdrop, it’s about time we reconsider the way we buy and sell [...]
Prices in prestigious London areas could dip as Russians rush to sell homes March 28, 2022 Real estate experts have said the impact of sanctions on Russians could lead to a saturated market in some of London’s priciest neighbourhoods. “While the sanctions against Russia only impact a relatively small pocket of the market, the prime market is one that very much operates on quality over quantity,” according to director of Benham [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
Pupil sells verified NFTs of real homes with proptech eyeing total revenue opportunity of $70m March 19, 2022 Spatial data firm Pupil has sold what it says are the first-ever verified NFTs of real-life properties. The London based proptech has launched a new class of NFT which involves very detailed digitisations of real life properties. Speaking exclusively to CityA.M., the company confirmed it has already garnered buyers across residential and commercial real estate. [...]
Homebuyers flood back to London amid return to office February 21, 2022 Movers are flocking back to London as the spectre of the Covid-19 crisis over the capital’s housing market fades away, reveals fresh figures published today. The scrapping of restrictions on daily life to curb infections and the return to the office is driving homebuyers to put London back at the top of their desired locations. [...]
Energy firms scramble to restore power after Storm Eunice batters Britain February 19, 2022 Energy firms are scrambling to restore power to over 300,000 homes after Storm Eunice swept across the country yesterday, killing at least four people and inflicting severe damage to property.
London house hunters face fierce bidding wars as property market set to become hyper-competitive February 19, 2022 House hunters wanting to buy a property in London this year are likely to face more competitive market conditions than in 2021. Since January, 51 per cent more buyers have entered the market and 35 per cent more property viewings took place compared to January last year, according to data from estate agency Chestertons. This [...]
Selina Advance scoops up $150m funding to roll out home equity lending February 8, 2022 London-based fintech firm Selina Advance has scooped up $150m funding as it looks to roll out home equity lending products to customers across the UK.
London residents’ council tax bill hits almost £5bn a year January 25, 2022 London homeowners and renters have had to pay almost £5bn in council tax bills a year, according to new research. According to one of the capital’s estate agents, Benham and Reeves, said Londoners had paid £1.2bn more per year compared to five years ago. The average resident in the city pays £1,374 in council tax [...]
December home transactions show ‘strong end to frenzied year’ as markets expected to slow January 21, 2022 According to HMRC data, the provisional seasonally adjusted estimate of UK residential transactions in December 2021 was 100,110. This marks a 20 per cent dip on December 2020 but a 7.6 per cent spike on the prior month. Last year also saw a record level of home transactions of almost 1.5m, the highest since 2007, [...]