Barnet, Richmond and Ealing see house price spike as pandemic fuels outer London spree June 21, 2021 House prices are heading upwards right across the country – but some London boroughs are doing better than others. New data suggests outer London properties have benefitted from a spike in pandemic-era purchases, as inner London residents look for more space and existing suburban dwellers tire of the same four walls. Properties in Barnet and [...]
Mapped: London property prices in your (very) local area June 21, 2021 Ever wondered what property prices are doing in your neck of the woods? Perhaps borough by borough? What about street by street? A new tool allows you to see the average property price of homes sold in 2020 in your (very) local area. Read more: London property developer slapped with 14-year ban for £13m ‘ponzi’ [...]
London lost £20bn in home sales during Covid-19, but these boroughs bucked the trend June 16, 2021 London lost £20bn in home sales during hte first 14 months of Covid-19, these capital boroughs bucked the trend
So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity June 9, 2021 London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital. Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather [...]
London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City A.M. this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
First-time buyers: London’s most affordable and up and coming areas June 7, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market is [...]
London house prices: Asian homebuyers cash in on pandemic decline and weak pound June 7, 2021 Foreign buyers from primarily East Asian nations are cashing in across London’s new build market as a result of a pandemic decline in property prices, coupled with a weaker pound. According to new research by the defect management firm BuildScan, fluctuating exchange rates during the pandemic added to the appeal of the London property market [...]
Survey: Skimpy pay packets stop most Londoners from buying dream home June 4, 2021 Skimpy pay packets were the most likely reason Londoners could not get their dream home, according to a survey today, as the average budget for a capital property has swelled to £384,130. Earnings stopped 33.05 per cent of those surveyed by Money, while deposit building and mortgage availability were the next two big worries for [...]
Lenders hand out most mortgages to first-time buyers in nearly 20 years June 3, 2021 Banks and building societies handed out more mortgages to first-time buyers in March than any time since 2002. Across the UK, 42,330 mortgages were issued to first-time buyers in March, marking the highest monthly total since December 2002 when 44,000 were advanced, according to trade association UK Finance. Many people who would have taken their [...]
0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]