Estate agents Savills warns current UK house price growth is unsustainable March 7, 2017 Estate agents Savills has warned that the current rate of house price growth is not sustainable in the UK as inflation and stagnating wages pile pressure on consumers. In February, house prices increased 0.6 per cent month-on-month, according to Nationwide's house price index, and since 2014, price growth has averaged 0.4 per cent, but Savills has warned that [...]
LSL property services gets £32m boost from selling Zoopla shares March 7, 2017 LSL Property Services received a £32.9m boost last year after selling its shares in Zoopla. The UK's second largest listed estate agent reported full-year results today that were in line with expectations, despite the headwinds faced by the property market in the lead-up to (and after) the EU referendum. The figures The property group's underlying [...]
Ranked: House price growth in every London borough this year March 7, 2017 House price growth across the UK has nearly halved over the past 11 months, and a lot of that sluggish growth is coming from the capital. Tax changes have hit the property market in many of the capital's central districts, such as Chelsea and Fulham, but there is still growth in the more affordable parts of [...]
Here’s what the property sector is expecting in this week’s Budget – from stamp duty to landlords to luxury homes March 7, 2017 It’s that time of year again: the days are getting longer, the trees are blossoming, and the one-time-only Spring Budget is rapidly approaching – with homeowners and landlords alike steeling themselves for more punishment from the chancellor. The good news is it looks unlikely there will be much to punish homeowners or lower house prices [...]
House price growth has nearly halved over the past 11 months March 7, 2017 House prices grew by just 5.1 per cent year-on-year in the three months to February, the lowest annual rate since July 2013. The figures from Halifax show that quarter-on-quarter house prices edged up 1.7 per cent, with the UK average house price now standing at £219,949. Read more: These are the three London areas where [...]
Entrepreneur housebuilders have been crushed: We must bring them back to life March 7, 2017 It's nothing new to say that too few homes are being built in the UK. Fourteen housing ministers in the last 20 years have acknowledged it time after time, just as they have recognised that housing – or the lack thereof – is the UK’s greatest modern economic challenge. Yet the frequency with which these individuals have [...]
TfL just came a step closer to building 400 homes in Kidbrooke March 6, 2017 One of the capital's largest housing associations will help Transport for London (TfL) build 400 new homes on a former RAF base in South East London TfL named Triangle London Developments – a consortium comprised of Notting Hill Housing and U+I – as the partner which will develop homes on a four-acre site close to [...]
British Land is offering enhanced shared parental pay after rejigging its shared parental leave policy March 6, 2017 Real estate giant British Land has announced it is upping shared parental leave (SPL) for employees, providing parents with equal benefits in terms of pay following the birth, or adoption, of a child. British Land said the approach will allow more parents to enjoy the benefits of SPL, as it goes "above and beyond" statutory requirements. [...]
Barratt has sold 172 luxury London new-build flats as rental homes, including an entire block at Nine Elms March 6, 2017 Here's an unusual move by a housebuilder: Barratt Homes has bundled together 172 flats at various developments across London and sold them off as rental homes. The housebuilder said it had sold the units to Henderson Park for £140.5m. The portfolio includes 29 units at Aldgate Place, a joint venture with British Land, 25 in Fulham Riverside and all 118 at [...]
Property of the week: Ovington Square proves that vendors are looking for flexible solutions to sell their homes in an uncertain market March 3, 2017 It’s no secret that property prices in prime central London are starting to plateau and, in some cases, fall. We’re all aware of the problems – overzealous estate agents, Stamp Duty increases, Brexit – but how can you make the best of it if you’re selling your house? Prime estate agency Russell Simpson thinks it’s [...]