Savills claims mortgage rules are dampening London transactions June 30, 2015 NEW GOVERNMENT data show the London home sales trailing the rest of the country. The capital saw the smallest uplift in transaction volumes last year, compared to other regions of the UK, according to new figures published by HMRC yesterday. The number of transactions in London went up from 145,000 in 2013 to 155,000 in 2014, [...]
Stamp duty replaces mansion tax as Central London house buyers’ worst fear as sales of homes worth £1.1m plus fall June 29, 2015 Mansion tax is so pre-election, darling – these days, the UK's high earners are worrying about one thing: stamp duty. That's according to a new report by upmarket estate agent Knight Frank, which has found the new tax has dented sales of homes worth £1.1m plus. Read more: The average brick in Kensington and Chelsea [...]
London house prices: The average cost of a single brick in the capital is now just shy of £200 June 26, 2015 Rocketing house prices in the capital mean the average brick in a London house (RRP: 67p) is now valued at just short of £200, research has found (assuming it's attached to other bricks, and a bit of mortar, that is…). The research, by online estate agent HouseSimple.com, was based on the fact it takes about [...]
London house prices: Demand plummets for the capital’s luxury apartments June 26, 2015 Could the bottom be about to fall out of London's luxury property market? New research has suggested demand in the capital's most exclusive areas is falling: in fact, over the past month, it's fallen by three per cent. The findings, by online estate agent Emoov, suggest that despite the Mansion Tax no longer being a [...]
Return of London’s mansions: The former homes of aristocrats are being converted June 25, 2015 It isn’t often that a prestigious street in London falls out of favour. You won’t see a regeneration of Eaton Square or the King’s Road any time soon. But Connaught Place, a handsome street lined with Georgian mansion blocks overlooking Hyde Park, was the Belgravia of pre-war London and it’s experiencing a resurgence in popularity. [...]
Buying new build homes in bulk? It’s big business if you can get it June 25, 2015 Steady yourselves – block buyers are back. I’ve noticed this trend as I’ve been more involved in residential developments and investments recently and there’s a feeling out there that they’ve returned in numbers. Unlike the last time block buyers abounded – which was in the run up to the last peak in 2007 – current [...]
Is this the future of property? Rob Ellice on why you should let your home online June 25, 2015 We ask Rob Ellice, CEO of easyProperty why it's a good idea to rent your home online. What would you say is the core business ethos behind easyProperty? easyProperty wants to make selling and letting properties as affordable, convenient and transparent as possible. We help landlords list their properties on the big online property portals [...]
Demand for UK homes rises nine per cent: London’s commuter belt dominates, while Nine Elms, County Durham and Westminster lead the “cold spots” June 25, 2015 London may be in the throes of a housing crisis, but it seems its inhabitants have spurned the 3,500-odd apartments on offer in Nine Elms, after new figures showed the area – currently undergoing a massive redevelopment – had the lowest demand for new homes in the UK over the past three months. Among other [...]
London house prices: Parts of Havering, Enfield, Redbridge and Tower Hamlets to be given special status as housing zones June 25, 2015 Four areas of the capital have been given special status as housing zones, the Mayor of London will say today in the latest effort by City Hall to expand London’s housing supply. As part of the scheme more than 12,000 new homes, 3,500 of which will be affordable housing, will be delivered in parts of [...]
Two graphs that show how expensive living in the UK is – rents are double the continental average June 24, 2015 Private rents in the UK are the highest in all of Europe, analysis by the National Housing Federation shows. Getting a tough ride compared to European counterparts, rents in the UK also take up the largest chunk of people’s salaries, while they are also the least secure. UK rents, according to the analysis, average at [...]