London house prices: Market for £10m-plus homes gets boost from Russia November 25, 2014 Sales of homes valued above £10m has soared by a third this year. The figures released yesterday by estate agents Knight Frank also show the number of transactions were 92 per cent higher from January to October than they were in the same period of 2014. A surge in demand has been seen from Russia. [...]
Mortgage approvals fall to their lowest in 17 months as unsecured borrowing leaps November 25, 2014 The Bank of England's Mortgage Market Review (MMR) continues to wreak havoc on mortgage lending. Figures published this morning showed approvals fell to 37,100 in October, their lowest level in 17 months in October. Analysts had expected the British Bankers' Association's (BBA) high street banking statistics to show a more modest fall from September's 39,300 [...]
Mortgage lending falls at Nationwide as house prices cool November 25, 2014 Mortgage lending at Britain's biggest building society fell £900m to £13.1bn in the six months to the end of September, suggesting "cooling measures" introduced by the Bank of England are taking their toll on the market. Nationwide added that mortgage lending had "reflected a recent flattening of the housing market", caused by a combination of [...]
London house prices: Renting in the capital could cost you half your salary November 24, 2014 As Britain’s property market continues to cool, rental prices are dropping too. According to data from HomeLet, rental prices in five of seven UK regions dropped between September and October, although the annual rate was still positive at 7.5 per cent. For Greater London, which has the highest average rental prices in the country, [...]
London house prices: Property market losing momentum November 23, 2014 London house price growth is continuing to fall below the national average, new data shows today. House prices grew by 1.2 per cent nationally from September to October, according to figures released by estate agents Haart. Meanwhile, prices only rose 0.3 per cent in the capital from September to October. The recent monthly trends are [...]
London leads UK-wide house price slowdown November 20, 2014 More evidence has emerged that suggests London house price growth is set to slow sharply while the national market moderates. Of the UK’s 20 largest cities, 14 are now registering house price inflation below the national average for the UK, according to data released today by property market analysts Hometrack. Over the past 12 months, [...]
Home loan rates set to drop more as HSBC introduces record low mortgage of 0.99pc November 19, 2014 Mortgage rates are poised to break new records and edge even further down. HSBC recently made headlines by introducing a record low mortgage rate of 0.99 per cent, with economists from the bank predicting policy rates would stay at their all-time lows of 0.5 per cent until at least 2016. It looks unlikely to end [...]
UK house prices: Mansion tax shrugged off as empty plot on Poole peninsula goes on sale for £6.25m November 19, 2014 The threat of mansion tax may be dampening the prices in London and making Myleene Klass feel like she can't brew coffee in her own home, but it doesn't appear to be having much of an impact in Dorset. An empty piece of land on the county's narrow Sandbanks peninsula has gone on sale for [...]
On the frontline: why the internet is a hindrance when it comes to moving house November 19, 2014 It may sound counterintuitive, but when it comes to moving I’d argue the internet has become a hindrance. Everyone thinks they’re a property expert; a plethora of dubious stats, endless subjective historic – and hysteric – online data and an ever more tempting set of search filters has created the impression that your perfect property [...]
Booming house prices defy talk of cooler times November 18, 2014 UK HOUSE prices continued their summer boom into September, official figures say, but other sources show price growth slowing. House prices shot up by 12.1 per cent in the year to September 2014, up from 11.7 per cent in the year to August, according to data released by the Office for National Statistics (ONS) yesterday. [...]