Why over-55s are “trapped” in £820bn worth of outsized homes June 1, 2015 Homeowners over the age of 55 are sitting on £820bn worth of "under-occupied" homes, new research has suggested – a figure which could hit £1.2 trillion by 2020. The research, by the Centre for Economics and Business Research (CEBR) and institutional investor Legal & General (L&G), suggested so-called "last-time buyers" are struggling to maintain large [...]
FA Cup final 2015: Arsenal Vs Aston Villa at Wembley is a tale of two cities’ property prices in London and Birmingham May 29, 2015 Arsenal and Aston Villa may be meeting up at Wembley this weekend in the FA Cup final, but there’s more than just mileage and points between the two Premier League clubs. Their home turfs of Birmingham and London show a tale of two cities divided by a gap of more than a quarter of a [...]
Mortgage lending rises as buyers borrow more despite election worries May 28, 2015 Mortgage lending kept growing in April despite the uncertainty of the election hanging over the housing market, according to figures yesterday from the British Bankers’ Association (BBA). A total of 73,650 of mortgage loans were given out in the month, up from 72,074 in March. April’s loans were worth a total of £11.7bn, up from £11.5bn in [...]
£1 trillion pot: Landlords’ wealth grows as UK house prices and rents rise May 28, 2015 Landlords earned £112bn last year from rent and rising house prices, according to a study out yesterday from Kent Reliance. The total value of their assets is up 11 per cent on the year to £990.7bn – just shy of £1 trillion. London’s private rental sector is worth £406.5bn, up £50.7bn on the year. As [...]
Property prices: These are the most expensive homes in the world, while London’s most expensive home equals 131 “average” properties May 28, 2015 The most expensive property sold in London last year could have bought 131 “average” priced properties, a new report shows. The top selling home was a property that went for $98m, according to an annual white paper put out by Christie's International Real Estate. But London was not the city with the most [...]
London house prices soaring above the rest of the UK with average cost now £498,000 May 19, 2015 House prices in the capital continue to outpace prices in the rest of the UK, according to the latest figures from the Office for National Statistics (ONS). London house prices were up 11.2 per cent in the year to March 2015, compared to a nationwide average of 9.6 per cent, according to the ONS house price [...]
UK house prices: Scotland’s growth at its highest since 2007 as prices accelerate May 19, 2015 The UK’s house price growth rose to 9.6 per cent for the year to March, with Scotland the east of England and London driving the rise. The figures The 9.6 per cent rise in the UK for the year to March was 1.2 percentage points higher than the 7.4 per cent recorded in February. The [...]
Agents bet on UK housing market activity boost after General Election May 17, 2015 Agents are expecting housing market activity to pick up following a decisive outcome to the General Election. “Now the months of uncertainty are finally over, we are already witnessing confidence returning to the market with buyers and sellers in a more informed position to make the decisions they were putting off,” said Andrew Weir [...]
UK house prices: What effect does the unemployment rate have on the cost of a home? May 17, 2015 Average house prices in the twenty local authorities with the highest rate of unemployment have risen by just £4,100 since 2009, while low unemployment areas have risen by an average of £65,000, according to analysis from Lloyds. The figures The raw numbers translate to increases of 25 per cent for the areas with the lowest [...]
Four charts that sum up the week: Sterling rallies, UK growth forecast cut, London house prices rise and Europe beats Britain May 15, 2015 London house prices ended seven months of decline, the Bank of England said it was feeling less optimistic about the UK economy and the French economy sped ahead of Britain and Germany in the first quarter, this week. Here are four charts that sum up what happened. 1. London house prices are on the up again, [...]