UK House prices are on course to fall below £300,000 in December December 12, 2016 The UK's house prices are on course to fall below £300,000 in December – and house price growth is likely to weaken next year, new figures have shown. The Rightmove House Price Index showed prices are on course to fall 2.1 per cent in December, after a 1.1 per cent fall in November. That will put [...]
London’s house prices had the UK’s lowest rate of annual growth last month December 12, 2016 Back in March, London was leading the UK's annual house price inflation, but the recent drop in prices and transactions in prime central property has led to annual change of just 0.1 per cent, meaning London's house prices had the lowest rate of annual growth in the country last month. For England and Wales as a whole, average [...]
Central London take ups surge on the back of a number of large deals, CBRE finds December 11, 2016 Central London office take-up in November 2016 rose to 1m sq ft, representing a monthly increase of 118 per cent and bringing take-up in line with the 10-year monthly average, according to the latest figures from real estate consultants CBRE. Take-up in November 2016 was boosted by a number of large deals. A total of [...]
UK construction output fell in October, failing to build on September growth December 9, 2016 Construction output suffered a surprise slowdown in October, new figures out today show. The sector shrank by 0.6 per cent between September and October, falling below analyst expectations. The Office for National Statistics (ONS) reported that the biggest downward contribution came from infrastructure, while repair and maintenance showed no growth. Read more: It's not all [...]
Revealed: The “deeply worrying” decline of buy-to-let sales after the government’s “war on landlords” December 9, 2016 Sales of buy-to-let homes have plummeted more than half in the last 12 months, after the government launched a "war on landlords". Figures by estate agent Haart showed the number of properties sold as rental homes in England and Wales fell 63.7 per cent in the year to November, while the number of landlords registering [...]
Who said millennials don’t want to climb the property ladder? December 9, 2016 In the 1960s and 1970s architects designed a maze of gigantic housing estates stretching from Elephant and Castle to Peckham. When the buildings were complete, you could walk from the Aylesbury Estate near Elephant and Castle to the North Peckham estate via the Elmington Estate in Camberwell using elevated pedestrian walkways without ever touching the [...]
Millennials don’t want build to rent. They want to buy homes like everyone else December 9, 2016 In the 1960s and 1970s architects designed a maze of gigantic housing estates stretching from Elephant and Castle to Peckham. When the buildings were complete, you could walk from the Aylesbury Estate near Elephant and Castle to the North Peckham estate via the Elmington Estate in Camberwell using elevated pedestrian walkways without ever touching the [...]
HSBC and RBS move into the pre-fab, build to rent housing market with support for Greenwich Creekside Wharf scheme December 8, 2016 HSBC and RBS have backed the UK’s first pre-fab build to rent scheme with a £60m loan facility. The banks will equally finance Essential Living’s 249-home Creekside Wharf scheme, based in Greenwich, with a four-year club deal. “Long-term demand for private rented housing is only going to increase in London and Essential Living’s position as [...]
Property market predictions 2017: From Brexit to tenant fee bans, we’ve asked London’s biggest real estate agents to look into their crystal balls December 8, 2016 2017 will see the rise of Build-to-Rent in London Mark Collins, chairman at CBRE Residential Throughout 2017, I hope that SME developers continue to be championed and encouraged by local government, as these housebuilders will play a major role in alleviating the housing crisis. Access to land and financial support as well as flexible planning systems [...]
Opinion: Head of Savills’ Auctions on why owner occupiers are still the minority buying homes under the hammer December 8, 2016 Property auctions have changed dramatically over the last 30 years, evolving from small-scale events focused on lower value property, to day-long sales featuring a wide cross-section of the market. And the sector continues to grow. Savills Auctions has sold over £300m worth of property in 2016. Over the past three decades the reasons for selling [...]