RICH LONDONERS SNAP UP MORE HOUSES January 31, 2012 LONDON’S equity-rich prime location homeowners are taking advantage of ultra-low interest rates to snap up similar houses, according to property consultant Cluttons. ‘“They are finding themselves in the enviable position of moving up the ladder without selling their existing home,” said Cluttons’ James Hyman. “This is worsening the supply shortage even further.”
RENT December 15, 2011 HEAD OF RENTALS AYLESFORD INTERNATIONAL Q. I’m a homeowner with a property in central London – despite the fact that this area isn’t directly affected by the Olympics, I am keen to capitalise from the influx of tourists coming to London in the summer, but where do I start? A. Many homeowners across London are [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2011 FINANCIAL TIMES NOMURA STEPS UP ASSET SALE PLANS Nomura has approached big private equity firms about the possible sale of domestic businesses, including its real estate arm, as the Japanese bank moves to shore up its capital buffers. Several people familiar with the preliminary talks with parties including KKR and TPG said the bank was [...]
Cheap loans aid house prices October 11, 2011 HOUSE prices increased in August compared with July, but are still down on levels seen 12 months ago, according to figures out yesterday from the Department for Communities and Local Government (DCLG). Meanwhile, statistics from the Council of Mortgage Lenders (CML), also out yesterday, showed homeowners taking advantage of low interest rates as remortgage levels [...]
Rail fares wipe benefit of commuting October 2, 2011 The projected eight per cent rise in rail fares next year looks set to tip the balance of affordability against young professional families and first time city buyers seeking to move out of London. Research from home finders County Homesearch found the combined cost of travel season tickets and mortgage repayments for homeowners in commuter [...]
House price slump is already upon us August 30, 2011 HOUSE prices remain overvalued in Britain, locking out many aspiring buyers. Of that there is no doubt. But it is also the case that average prices have fallen far more than is usually understood; the single biggest reason why so many younger people cannot enter the market is because they have to put down much [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2011 FINANCIAL TIMES DISPUTE ERUPTS OVER CONTROL OF LIBYA’S $65BN SOVEREIGN FUNG A dispute has erupted over control of Libya’s $65bn (£40bn) sovereign wealth fund, as the national transitional council attempts to maintain stability in the nation. Several NTC members have contested the authority of Mahmoud Badi, who is probing corruption at the Libyan Investment Authority. HONG [...]
LONDON’S CURIOUS HOLD ON ITS RESIDENTS June 15, 2011 DESPITE three-quarters of Londoners thinking that rental and house prices in the capital represent bad value for money, a majority of the city’s residents would be loathe to relocate. According to a YouGov survey, 74 per cent of renters and 68 per cent of homeowners do not agree that their living arrangements are good value. But [...]
High demand pushes up Londoners’ rents June 8, 2011 RENTS in London and the south east shot up faster than in all other UK regions in the three months to April, a study revealed today. And rents in the capital are expected to increase more than in any other region in the coming months, according to the Royal Institution of Chartered Surveyors (RICS). Fifty-nine [...]
GENERATION RENT May 31, 2011 A GENERATION of Britons fear being squeezed out of the property market and doomed to a lifetime of renting, a survey reveals today. Nearly two thirds of 20 to 45 year olds who do not already have a mortgage say “they have no prospect whatsoever of buying a home,” according to a report by the [...]