UK house prices: Crest Nicholson enjoys fruits of high demand as profits rise 52 per cent June 16, 2015 Crest Nicholson’s profit before tax leaped 52 per cent in the six months to the end of April, thanks to an improving market characterised by a sustained demand. Read more: Rents growing across the UK for only the third time on record The figures Residential developer Crest reported profit before tax of £58.3m, a 52 per [...]
UK house prices: Rents growing across the UK for only the third time on record June 15, 2015 Rental prices rose in every region across the UK in the year to May, with the South West surging forward with double digit growth. According to data from HomeLet, prices across all regions grew on a monthly basis too – only the third time the index has shown growth in all 12 regions – it [...]
Mansion tax mania: Average property price in Kensington and Chelsea rises by £486,000 in one month June 15, 2015 The average asking price for a home in Kensington and Chelsea rose 28.4 per cent (almost £500,000) between May and June, according to data from Rightmove. The figure hints at a glut of high-end properties entering the market after the election, now sellers can forget their fears over the mansion tax. Read more: As rents [...]
Rising UK house prices: 31 is the average age for buying a first home, and it rarely happens without parental support June 14, 2015 The average age for Britons to buy their first homes is now 31, up from 28 in 1995 according to Halifax figures. Over the last 20 years properties have mostly trebled in value from around £61,500 to £196,000, and they are predicted to go up another 25 per cent over he next five years due [...]
From London property prices and London smells to World Gin Day and naked cyclists: Here’s what got us talking this week June 12, 2015 There was (another) election. There was the start of some privatising. And late on Friday there was some biblical weather. Here's what got us talking this week 1. We should be paying for property with Monopoly money We wish it was that easy. This week were learned just how much of a share up [...]
UK house prices: Stamp duty payments have fallen by half since George Osborne introduced reforms, but Londoners are missing out June 12, 2015 The amount property buyers are paying in stamp duty has halved since George Osborne introduced new measures aimed at making homes more affordable in the last Budget – but Londoners are massively missing out on those savings, new research has found. A study by the Post Office and the Centre for Economics and Business Research [...]
EU referendum: CBRE says UK exit of European Union will hurt property sector June 11, 2015 An exit from the European Union could hurt property investment to the UK and damage London’s status as a world financial centre, a survey of investors has warned. More than 60 per cent surveyed by property advisors CBRE said leaving the EU would have a negative impact on the UK’s attractiveness as an investment location, [...]
London house prices: As rents keep rising, here’s how the Monopoly board looks in 2015 June 11, 2015 Click to see table in a new window There has been a shake-up in the London property price hierarchy, and the most profitable places to be a landlord have moved dramatically. That well-established measure of London property values – the humble Monopoly board – has been shaken and stirred by fluctuations in the market, and [...]
Think the UK is expensive? Hong Kong tops global house price rankings – while prices have fallen the most in Ukraine June 11, 2015 If you thought UK house prices were rising at an unmanageable level, spare a thought for the residents of Hong Kong, where prices have jumped 18.7 per cent in the past year, according to Knight Frank's latest global house price index. Turkey is next, with a year-on-year rise of 18.6 per cent, while prices in [...]
UK house price growth expected to surge as post-election supply bounce lacking June 10, 2015 Hopes for a post-election surge in the supply of houses to the market have failed to materialise, the Royal Institution of Chartered Surveyors (RICS) said today. “Tight supply conditions continue to be a key factor underpinning prices, with fresh instructions to sell becoming increasingly sparse while average stocks per surveyor fell to a new record [...]