Don’t rely on downsizing to make up for your insufficient pension October 27, 2016 After years of runaway house prices, few will be surprised that a sizeable proportion of the UK’s net wealth is tied up in property. The latest ONS statistics show that dwellings make up a massive 62 per cent, or £5.5 trillion, of the country’s £8.8 trillion total. So it is also unsurprising that many see [...]
How Theresa May can achieve a truly radical housebuilding revolution October 25, 2016 Today, so many leaders are judged on how much they achieve in their first 100 days in office, a concept first associated with US President Franklin D Roosevelt. But as this milestone passes for Theresa May, what can we expect from the government when it comes to its promise of a radical approach to housing? [...]
This is how the third runway at Heathrow will hit London house prices October 25, 2016 The government has given the go-ahead for the third runway, and if there's one group of people who won't be happy about it, it's the people living nearby. Estate agents eMoov think the decision could lead to a 20 per cent drop in house prices in the area due the noise and air pollution that the [...]
House prices in this London borough fell by £3,000 a day last month October 24, 2016 UK house prices might be marching ever upwards, but there's one section of the UK where growth is faltering: the top end of London's market. In recent months growth in so-called prime central London has faltered, partly thanks to the Brexit vote and partly thanks to waning interest from foreign buyers. Now analysis of Land [...]
New homes on sale in London, from an old Tudor Palace to Chiswick townhouses October 21, 2016 Brandon House, Borough From £735,000 Live on the site of an old Tudor Palace right next to London Bridge. This week, 77 new homes went on sale at Brandon House on Borough High Street, named after the Duke of Suffolk, Charles Brandon, who lived in a mansion there in 1518. It comprises one to three [...]
Focus On Holloway: How the area went from “no-go area” to a thriving hotspot for independent businesses October 17, 2016 Holloway may be one of the oldest neighbourhoods in north London, but it hasn’t always been popular. Londoners who weren’t Arsenal fans might only pass through to get on to the M1 and its infamous women’s prison on Parkhurst Road hardly does wonders for its reputation. For a long time, its only cultural claim to [...]
This is how far London house prices fell in the third quarter October 12, 2016 London's house prices have underperformed in the third quarter as the capital recovered from the shock of the Brexit vote and the uncertainty afterwards. House prices fell 2.5 per cent in the third quarter, following on from a 0.5 per cent fall in the second quarter, according to data from Halifax and IHS Markit. London's decline compared [...]
Renting in Havana: How Airbnb started its own Cuban revolution October 10, 2016 On the face of it, Cuba is everything you imagine it to be. Cuba libres drunk on verandas in the tropical heat, Fidel Castro’s tobacco plantations for his Cohiba cigars, taxi-rides in buffed vintage cars, horse rides in the rainforest, palm-fringed beaches and salsa rhythms. But as vibrant and appealing a destination it is, there’s [...]
Opinion: the Chancellor’s housing plans need to cater to everyone’s needs, including downsizers October 7, 2016 Earlier this week, the government announced two major housing initiatives; a £3bn Home Building Fund to help smaller developers enter the market, and a £2bn Accelerated Construction Programme, which aims to get houses built quickly on public land. There was no mention of extending Help to Buy mortgage guarantees (due to end soon) or of [...]
Seven UK cities it’s cheaper to fly from than pay a mortgage in London October 6, 2016 We all know London's an expensive place to live – but this is just ridiculous. A study by online estate agent Emoov seen exclusively by City A.M. has found it would be cheaper to buy a house in seven of the UK's largest cities, fly down and stay in a budget hotel for a week, then fly back [...]