GLA Conservatives estimates £576m per year tied up in spare London rooms and encourages Londoners to try out AirBnB November 4, 2015 London’s spare rooms could be worth £576m a year, according to Greater London Authority (GLA) Conservatives. Tony Arbour, GLA Conservatives Assembly tourism spokesman, has argued that half a million people in the capital could rent out a spare room to help pay their bills, which would also bolster London’s tourism industry. According to the GLA Conservatives’ [...]
EU referendum: More than half of Londoners believe Brexit will boost house prices November 3, 2015 On the fence about Britain’s EU membership? If you’re a London homeowner, this news may sway you. More than half of Londoners believe that leaving the EU will strengthen the value of their home. (No mean feat when the capital’s housing market is already the most overvalued in the world.) Across the nation, homeowners are [...]
Bubble bubble housing trouble: London’s property market is scarily close to a crash October 30, 2015 London's housing market is teetering on the brink of a crash after two years of “explosive” growth that has turned it into one of the most overvalued cities in the world, economists at UBS have warned. The news comes as research released today from YourMove and Reeds Rains shows that record numbers of aspiring homeowners believe [...]
Brits plan on spending £700m on smart technology to protect their homes, finds Allianz Insurance October 29, 2015 Britons plan to splash out £700m on smart technology to protect their homes, with one in five people planning to invest, an Allianz Insurance study revealed today. According to Allianz Insurance’s Smart Tech Safer Homes study, forward-thinking Londoners are leading the way. Those living in the city having already spent £774 on average on smart home-protection [...]
UK property prices: As house prices continue to rise, people have just stopped moving house October 23, 2015 Hot on the heels of Deutsche Bank calling the top of the capital's housing market, a survey by Knight Frank has suggested the number of people moving house has fallen to the lowest level since it began its survey in April 2014. The upmarket estate agent, which conducted its study with Markit, said just 4.6 per cent of households [...]
UK and London house prices: How long does it take to save a deposit for a property? 104 years for people in Brighton October 20, 2015 Wannabe homeowners in Brighton are worse off than Londoners when it comes to jumping onto the first rung of the property ladder. A resident in the town would need to save for more than 104 years to amass a deposit for a property in the area, based on average salaries and property prices, The average cost of a [...]
Map: UK house prices are still below 2007 peak in Wales, the North and southern Scotland – but have soared past them in London, Bristol, York and Manchester October 16, 2015 London’s house prices may have surged well beyond the prices of the last property boom, but that’s hardly true of the whole country. Looking at average house prices today against what they were eight years ago shows prices are still below their 2007 peak in about half the country. The map of England, Scotland and [...]
UK housing market activity rose to a six-month high in September – Connells Survey & Valuation October 13, 2015 UK housing market activity reached a six-month high in September, according to data out today from Connells Survey & Valuation. Last month also saw the number of property valuations reach the second-highest monthly level on record – there were just 0.5 per cent fewer valuations carried out than in March 2015, which is when they [...]
10 crazy ideas for the future of London housing which just came a step closer to reality October 12, 2015 Floating houses and homes on top of hospitals: these are just two radical ideas which are a step closer to becoming reality in London. They are just two of 10 concepts which have been chosen as winners in a search to find ideas for the future of housing in the capital and that help solve [...]
London house prices: 15 Night Tube stations where 24-hour services will add a premium to the value of properties October 8, 2015 The arrival of London's Night Tube will bring with it a price premium of as much as 10 per cent for properties close to a handful of selected stations along the route. Homes close to Stratford, Willesden Green, Mile End and Canada Water are set to rise more than at any other station served by the [...]