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 [...]
Overseas real estate investment into UK regions to hit £14bn this year October 29, 2015 Foreign buyers are splashing out on real estate outside of London, with investment levels expected to hit a record £14bn by the end of the year. Record high prices in the capital have forced investors to look further afield at other cities including Manchester and Birmingham for comparatively higher yields and better returns. Around £10.5bn [...]
Equities remain the best-selling asset for fifth month in a row, finds the Investment Association October 29, 2015 Equities remained the best-selling asset type for the fifth month in a row, with net retail sales of £1.1bn in September 2015, figures from the Investment Association revealed today. The September sales results for equities are up from August, when net retail sales for equities were £526m, significantly down from net retail sales in July [...]
Pop? London’s housing market is the most overvalued in the world and in bubble-risk territory, UBS Real Estate Bubble Index report finds October 29, 2015 London's property market is frothing. So much so that the capital is home to the most significantly overvalued housing market of any major city in the world, according to a new report – and that means there's a risk the bubble is close to bursting. "When inexpensive financing is combined with bullish expectations, real estate prices eventually uncouple [...]
Renters in the West Midlands experience more rent increases than those in London October 29, 2015 Thought rent in the capital was bad? More tenants in the West Midlands experience rent increases than those in London, new data has shown. Three in five letting agents in the West Midlands witnessed a rent increase for tenants in September, compared to just under a quarter of letting agents in London noticing rent increases since last month, according [...]
City Moves for 29 October 2015 | Who’s switching jobs October 28, 2015 CHESTERTONS The property firm has appointed Archie Sykes as UK sales manager in its international residential development department. He joins from Berkeley Homes, where he was development sales manager for two London schemes. Sykes has also held roles at Hamptons International. HENDERSON GLOBAL INVESTORS The asset management firm has appointed Alex Mander as an associate [...]
Booming London office demand drives vacancy rates to 15-year low October 28, 2015 London office vacancy rates dropped to a 15-year low during the third quarter of the year, new research shows, as increasing competition made space in the capital increasingly difficult to come by. As the economic recovery gathers pace, demand for office space has surged, thanks to businesses feeling more confident about their future prospects. Fears rents will [...]
Land Registry: London house prices hit half million-pound mark October 28, 2015 UK house prices rose by 5.3 per cent in the year to September, with the price of an average London property reaching half a million pounds for the first time, Land Registry figures show. London posted the biggest annual rise of 9.6 per cent in September and also outpaced the rest of the UK on a [...]
London house prices: Nosy neighbour? This tool can show you how much next door paid for their house October 27, 2015 In this age of out-of-control house price growth, one thing's certain: we all want to know how much our next-door neighbours paid for their house. Now a new tool allows you to find out just that. Upmarket estate agent YouHome has developed an online app which allows potential buyers (or, let's face it, nosy neighbours) [...]
Market Tech Holdings snaps up another Camden property as it eyes main market move October 26, 2015 Market Tech Holdings, the owner of the iconic Camden Market which is majority owned by Israeli entrepreneur Teddy Sagi, said it has added another property to its burgeoning north London empire and that trading was on track. The company, which owns around 14 acres of land in and around Camden, said it has bought the freehold of [...]