Estate agent Belvoir says Brexit vote and stamp duty “unsettled” the property market September 5, 2016 UK property franchise Belvoir Lettings said this morning the property market had been "unsettled" in the lead up to the Brexit vote. Chairman and chief executive Mike Goddard said demand for property remains strong, but added that tax changes for buy to let landlords, combined with the EU referendum, meant the market's growth in the first [...]
One in three homeowners disappointed with their progress up the housing ladder September 3, 2016 A third of homeowners are disappointed with their progress up the housing ladder, new research has found. Some 33 per cent expected to have advanced further than they currently have, according to a Lloyds Bank survey of around 1,000 homeowners. The figure increases among first-time buyers, 43 per cent of whom said they are lagging [...]
The Great Fire of London made the city an insurance hub – here’s what we need to do to maintain that status September 2, 2016 This week we’re marking the anniversary of one of London’s defining events: the Great Fire of London, which ravaged the city at the start of September 1666. It was started by nothing more than a fire from an overheated oven at a baker’s shop near London Bridge. The damage was immense. The Association of British [...]
Pension or property: Which is the better option for your retirement? August 31, 2016 The Bank of England’s chief economist Andy Haldane drew ire from the pensions industry for the second time this year, when he claimed that property was a better investment option for retirement than a pension in an interview with The Sunday Times this weekend. “It ought to be pensions but it’s almost certainly property,” Haldane said. [...]
This map shows how house prices have changed since the Brexit vote in each inner London postcode August 16, 2016 There has been much fevered debate over whether the Brexit vote has affected house prices or not. While some figures have suggested prices are up, others have shown they're down: so far, so confusing. So Jefferies analyst Anthony Codling has used data from the UK's largest property portals to figure out what's actually happened to house prices in [...]
Housebuilder Bellway’s share price climbs after positive set of results August 5, 2016 Residential property builder Bellway's share price climbed this morning after a strong set of results, rising 4.19 per cent in morning trading. But the company said it is "cautious" about how many sites it acquires after to the Brexit vote. Bellway added: "Since the result of the EU referendum, there has been some modest caution from a [...]
Olympic jump! Here’s how far house prices have gone up in the area near London’s Olympic Park August 5, 2016 With the Rio 2016 Olympic Games kicking off today, it seems like an appropriate time to reflect on the London Olympics – and how they affected house prices. Research from Lloyds Bank has shown that house prices near the Olympic Park have risen by 53 per cent since September 2012, up from an average of £286,638 [...]
Mapped: First-time buyer house prices in every London borough July 29, 2016 Thinking of buying your first home? Thinking of helping your children buy their first home? Here's what you're up against in London. Estate agent eMoov.co.uk has released the average house price for first-time buyers in every London borough – and it's not very encouraging. Read more: Everything you need to know about the UK's housing market after [...]
A third of over-45s in London worry they will never pay off their mortgage July 27, 2016 A third of people over 45 in London worry they will never be mortgage-free, according to a report from Aviva released today. Aviva found 32 per cent of over-45s in London are uncertain about whether they will ever be able to pay off their mortgage, compared to 17 per cent of over-45s across the UK. Read [...]
The most (and least) affordable places to live in Britain July 24, 2016 If you're a first-time buyer looking to jump on to the first rung of the ladder, it's time to look beyond London to get the most bang for your buck. The top 10 least affordable areas for wannabe homeowners are located in the capital as the average price of property for first timers jumped 12 [...]