We need a bold new approach to tackle London’s housing crisis July 19, 2019 When I was a young boy in the 1970s, my family lived in council housing in Ladbroke Grove, and London was in decline. The depressed mood about London was reflected in the price of housing: the average property cost just £24,000. Mind you, the average income was only £6,000. The prospect of our family owning [...]
London house prices suffer worst plunge in 10 years July 17, 2019 London house prices suffered a staggering 4.4 per cent annual drop in May, their worst annual drop since the financial crisis, public data revealed today. While UK house prices rose 1.2 per cent compared to May 2018, London house prices sank, the Office for National Statistics (ONS) revealed. Read more: UK house prices slip for [...]
UK house prices surge 5.7 per cent in June July 5, 2019 UK house prices shrank by 0.3 per cent in June compared to the previous month, according to data released today. But the growth rate rocketed 5.7 per cent on an annual basis last month, according to Halifax’s latest house price index, to take the average UK house price to £237,110. Read more: UK house price [...]
UK house prices: Growth falls to four-month low in June July 2, 2019 UK house prices remained “subdued” in June, new figures showed today as the cost of buying continued to fall in London and the south east. The price of a UK home grew 0.5 per cent year-on-year over the month, lower than May’s 0.6 per cent growth. The rate was the worst since February’s 0.4 per [...]
DEBATE: Is the obsessive focus from politicians on increasing home ownership misguided? June 26, 2019 Is the obsessive focus from politicians on increasing home ownership misguided? Clive Docwra, managing director of McBains, says YES. Politicians are obsessed with home ownership, including both contenders for Prime Minister. Jeremy Hunt has put a new “right to own” policy at the heart of his bid, while Boris Johnson has backed replacing Help to [...]
London property market drags down UK house prices June 19, 2019 UK house prices were dragged down by subdued demand in London last month, as buyer caution continued to linger in the capital during April. London witnessed the lowest annual growth out of any region, with prices falling by 1.2 per cent over the year to April 2019, up from a fall of 2.5 per cent [...]
UK house prices near record high for new homes on market June 17, 2019 UK house prices for newly-marketed properties neared a record high this month, spurred on by a cluster of UK regions shrugging off recent political uncertainty. Read more: UK house prices grow at fastest rate for two years Four northern regions witnessed their highest ever asking prices in June, pushing property prices nationally up 0.3 per [...]
Mortgage approvals rebound after delay on Brexit deadline May 31, 2019 Mortgage approvals for house purchases hit a three-month high in April, rebounding after Britain's March deadline for Brexit was postponed. The number of residential mortgages approved in April ticked up to roughly 66,300, nearing a two-year average and bouncing back from a fall in March, according to new data released this morning by the Bank [...]
UK house price growth slows in May amid Brexit uncertainty May 31, 2019 Annual growth of UK house prices remained below one per cent for the sixth consecutive month in May, as political uncertainty continued to weigh on the property market. Prices fell 0.2 per cent month-on month, while annual house price growth slowed to 0.6 per cent, falling from 0.9 per cent in April and below the [...]
Mapped: Where to save money on London house prices along the River Thames May 30, 2019 Whether it’s football clubs, tube lines or tall buildings, London is in no short supply when it comes to divisions between north and south. But the divide across the Thames even stretches as far as house prices, with new research showing a stark difference in some property values between one side of the river bank [...]