Falling supply lifts London’s house prices May 20, 2012 LONDON’S house prices rose strongly in April, again outstripping the national market, industry data revealed today. Meanwhile a new study shows most parents support their children in buying houses, with 11 per cent giving over £100,000, underlining the tough state of the market. Average asking prices throughout the UK stayed unchanged in the month to [...]
House prices in the capital are detached by location May 20, 2012 London’s property market is outperforming but some boroughs are well off the pace LONDON Neither London, nor England and Wales, have returned to their 2008 peaks – but London is close. From March 2009, prices have grown 16 per cent in London compared to 6 per cent in England and Wales as a whole. However, [...]
Transport and schools are key to valuations May 20, 2012 TRYING to predict where London’s house prices will go as a whole is a fools errand. The house price earnings ratio suggests property remains overvalued, but the influx of foreign cash combined with inflexible planning restrictions could see prices continue to rise. It’s easier – and more fruitful – to weigh up different areas. THE [...]
A vision of the future: how the rental sector can reward investors March 29, 2012 Institutional investors, such as pension funds and investment funds, have been debating whether to dip their toe in the residential property market for years. Such investment is the lifeblood of the UK’s commercial sector, but despite much talk, institutions have very little exposure to residential property. This fact has often been blamed on factors such [...]
Homes near top schools cost an extra £90,000 March 25, 2012 HOUSES located near top performing primary schools cost an average of 42 per cent more than homes in other areas, according to research published this morning. Parents concerned with securing their children a place at a well-regarded school can pay an average of £91,618 more for a property than they would have to cough up [...]
A third runway at Heathrow is essential if London is to be a globally competitive city March 22, 2012 IT IS crucial for the UK’s economic recovery that London remains a global centre for trade, able to compete with old rivals such as New York and Tokyo as well as new emerging cities like Beijing, Doha and Sao Paulo. As the rhetoric around diversifying the economy and ending our reliance on financial services ramps [...]
Stamp duty hike to 7pc for £2m homes March 20, 2012 GEORGE Osborne will today launch a new tax raid on Britain’s wealthiest property owners by raising the level of stamp duty on the priciest homes. He will use his third Budget to increase the stamp duty payable on property transactions worth more than £2m, in a move that stops short of an annual “mansion tax” [...]
House prices reverse January fall as confidence increases March 1, 2012 HOUSE prices rose across the country in February, according to data published yesterday – although asking prices for prime properties have taken a hit from the seasonal dip in buying activity. Average prices rose 0.6 per cent in the month, Nationwide figures showed, rebounding from the 0.3 per cent fall in January. Prices were up [...]
CapCo enjoys value hike and sells properties in West End February 29, 2012 CAPITAL & COUNTIES (CapCo), the owner of Covent Garden Market and Earl’s Court, has unveiled an 11.7 per cent hike in net asset value and the disposal of its West End properties. The listed developer reported a jump in NAV to 166p per share in 2011 thanks in part to a rise in its total [...]
Asia hedgies’ boost for City February 29, 2012 LONDON is set to pick up lucrative new work from the boom in the Asian hedge fund industry, according to the authors of a new report. China and Asia’s other emerging economies are expected to drive growth in the size of the global hedge fund industry this year and the skills and location of the [...]