London homes: Pandemic panic-buying property leads to homeowner regrets July 13, 2021 London property: Pandemic panic-buying property leads to homeowner regrets
Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
Protecting the green belt is not about the environment, it’s blinkered self-interest June 22, 2021 The UK needs approximately 345,000 new homes per year if we are to tackle our housing crisis. It is also estimated that by developing just 5.2 per cent of the existing Green Belt, we could build 1.4 million homes. Everybody knows the UK is in the throes of a housing crisis, yet we refuse to [...]
Les Bordes: The ultimate European golf retreat just got better June 17, 2021 With mere hours to go until the start of the US open, the City A.M. team is beginning to lust for the perfectly manicured surrounds of the golf course. Thankfully, the perfect solution is just a short plane-ride away. One of the most prestigious golf clubs in the world, Les Bordes in France’s famed Loire [...]
Mortgages grow pricier than London rents for first time in four years June 14, 2021 With London rents diving amid a pandemic-induced city exodus, it is now cheaper to rent in the capital than own a home for the first time in four years. According to analysis by real estate agent Hamptons, city dwellers’ in rental accommodation are £251 better off following monthly payments than homeowners dishing out their mortgage repayments. [...]
So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity June 9, 2021 London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital. Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Government outlines new voter ID law and plan to give PM power to call early election in Queen’s Speech May 11, 2021 The government has outlined its plans to force voters to produce ID at polling stations and to give the Prime Minister back the power to call early elections in today’s Queen’s speech. The Queen said a suite of new government legislation “will strengthen and renew democracy and the constitution”, including “to ensure the integrity of [...]
Queen’s Speech planning reforms to make building new housing developments easier May 11, 2021 The government’s planning reforms are expected to be unveiled today when the Queen delivers a speech opening a new session of parliament this morning. The speech will reportedly include legislation on reform of the planning system to allow more new homes to be built on undeveloped land. It comes as the Conservatives aim to expand [...]