House prices: First-time buyers fell last year – and crash may not be as drastic as predicted property A predicted fall in house prices may do little to change the prospects for first-time buyers in London The number of first-time buyers is estimated to have fallen by around nine per cent in 2022, according to analysis by a building society. Across the UK, the number of people taking their first step onto the [...]
Property guru: Truss’s energy package has helped housing market from cliff edge weekend views The Government’s action to limit the impact of energy price rises has helped pull the housing market back from the cliff-edge, a leading property association told City A.M. this morning. But the National Association of Property Buyers’ (NAPB) does stress further steps are urgently needed to ensure we don’t see a serious downturn in house [...]
Overvalue your house at your peril PROPERTY PRICES Getting the price right is key to a successful sale, says Marlon Lloyd Malcolm head of sales at Lurot Brand One of the main reasons ven- dors are left with a bad taste when selling their home stems from incorrect valuations. This often results in the home sitting on the market and ultimately selling for less than [...]
No cost of living crisis for Prince Charles as Duchy of Cornwall’s assets swell to record £1.2bn after £93m ‘staycation’ boost June 30, 2022 Annual accounts published this afternoon show that the total assets of the Duchy of Cornwall’s landed estate have risen to more than £1.2bn, a jump of nearly £93m since last year. As heir to the throne, the Prince of Wales is entitled to the Duchy’s profits as his yearly private income, which came to £23m [...]
Boost for the City as office take-up hits highest level so far this year with vacancy rates dropping and rent at new record June 28, 2022 Office take-up in the City of London office take-up reached 714,683 sq ft in May, which is the highest monthly take-up by volume since December 2021, and the most number of deals by number (36) since March 2021, real estate giant Savills said this morning. Take-up for the year-to-date has now reached 2.3m sq ft [...]
Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties April 9, 2022 Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year January 22, 2022 One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
Revealed: The UK’s top 10 hottest property markets where house prices rise fastest October 9, 2021 City A.M. can reveal this morning what are the property hotspots across Britain at the moment, with Toxteth in Liverpool being identified as the number one market, with a 20 per cent increase in the average price tag for a home over the past year. Accrington in Lancashire, Retford in Nottinghamshire and Heywood in Greater [...]
Share of London buyers from outside capital at five year high August 27, 2021 The share of buyers moving to London from outside the capital has reached its highest level in five years. Data from Hamptons, the luxury estate agents based in London, showed that the proportion of buyers who moved in from outside the capital jumped to 13.5 per cent for the 12 months ending June 2021. Migrated [...]
Derwent London announce acquisition of Bush House August 2, 2021 Derwent London, the property giant, has announced the acquisition of the South West Wing of Bush House for £13.5m. The company already owns the freehold for the office that faces the Strand. Derwent will be purchasing the building with a vacant possession, meaning any current occupant will move out. It is a further investment in [...]