UK house prices: Is a crash coming? These economists thinks so, raising spectre of negative equity July 2, 2017 Leading economists have warned that the UK is heading for a collapse in house prices not seen since the early 90s which risks plunging homeowners into negative equity. "We are due a significant correction in house prices. I think we are beginning to see signs that correction may be starting," said Paul Cheshire, a professor [...]
The history of colour paints: Patrick Baty, Britain’s foremost paint historian unearths hidden treasure in his first book The Anatomy of Colour June 29, 2017 After a fire raged through Hampton Court Palace, a huge restoration effort took place to restore its historic halls and royal bedchambers. Historic Royal Palaces, the charity responsible for maintaining the building, reached out for new interior designers in some cases, but what they needed most was experts to emulate the architecture as accurately as [...]
Opinion: Online agents will ultimately lose you money – because they can’t negotiate on your behalf June 12, 2017 The American president and lawyer Abraham Lincoln once stated that ‘a man who represents himself in court has a fool for a client.’ And as any property developer will tell you, other than finding a dishonest estate agent willing to defraud his client, the best way to buy a house for less than it’s worth [...]
It’s still cheaper to rent than buy a house in these UK cities May 18, 2017 So-called Generation Rent may complain bitterly about being forced to pay sky-high living costs, but a new study has found in many UK cities, it's actually cheaper to rent than it is to buy a home. The study, by Zoopla, found the average monthly rental cost in many of the UK's largest metropolitan hubs is [...]
UK house price growth drops to 4.1 per cent in March as slowdown in London continues , according to data from the Office for National Statistics May 16, 2017 Average UK house prices increased 4.1 per cent in the year to March 2017, down from 5.6 per cent in the year to February 2017. New data from the Office for National Statistics shows the general slowdown in the annual growth rate seen since mid-2016 continues. House prices in London recorded the second-lowest annual growth [...]
Crossrail’s coming: House prices near these Elizabeth Line stations are still relatively affordable May 16, 2017 After a decade in the making, the first trains run on the Elizabeth Line, nee Crossrail, this month. But the line won’t just benefit commuters: homeowners along the route will also celebrate, with prices of homes around many stops having more than doubled since it was first approved by planners. Research by Emoov showed prices [...]
UK house prices: Property transactions have fallen to their lowest since 2013 April 21, 2017 The number of homes bought in the UK fell to its lowest since 2013 last year, new figures have shown. Some 1.15m homes were bought between April last year and March this year, compared with 1.32m the year before, and 2m in 2014-15. The figures also showed the number of homes bought fell 40 per [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]
UK house prices: Rent increases have fallen to their lowest since 2013 – while London prices fell for the ninth month March 13, 2017 Rent increases for tenants across the UK have fallen to their lowest since 2013, new figures have shown, with prices in London dropping for the ninth month in a row. Rents rose just one per cent to £1,190 in the year to February, the lowest rise since April 2013, figures from Landbay showed. In the [...]
Here’s what the property sector is expecting in this week’s Budget – from stamp duty to landlords to luxury homes March 7, 2017 It’s that time of year again: the days are getting longer, the trees are blossoming, and the one-time-only Spring Budget is rapidly approaching – with homeowners and landlords alike steeling themselves for more punishment from the chancellor. The good news is it looks unlikely there will be much to punish homeowners or lower house prices [...]