Rise in London house prices leads to increased affairs, says report July 2, 2014 Research has suggested that more couples than ever are being forced to continue living together even after they have split up, leading to an increase in affairs. A survey by the UK's largest and longest running dating site for married people, IllicitEncounters.com, has shown that over 42,000 married couples living in London have been put [...]
Average London house price is now 30pc higher than 2007 peak July 2, 2014 London's house prices are 30 per cent above their pre-crisis peak, according to new data from Nationwide, which also puts the average house price in the capital at around £400,000. According to Nationwide's House Price Index for June, London house prices have risen over 25 per cent in the last 12 months, as prices nationwide have [...]
Mansion tax would hit twice as many houses today as in 2009 June 25, 2014 THE NUMBER of houses which would be hit by a mansion tax has doubled in the past five years, alongside the rapid recovery in prices, especially in the capital. Research released by consultancy Knight Frank yesterday indicated that a tax on residential properties which cost more than £2m would hit twice as many homes today [...]
Ed Balls unveils mansion tax and promises to hit the rich hardest June 23, 2014 Labour’s shadow chancellor Ed Balls has announced plans for a mansion tax similar to those already proposed by the Liberal Democrats, promising to hit the wealthy hardest. Labour’s proposal would see those in homes worth above £2m hit with a property tax linked to house prices, not inflation. The scheme would be organised into bands; [...]
UK house price rises: should we copy Germany’s rental model? June 23, 2014 As fears continue to circulate that the UK housing market may be overheating, is it time to take some tips from our European friends when it comes to renting property? First let's take a look at how high property prices really are in the UK when compared to other countries in Europe. The best way [...]
London house prices: City closing in on West End’s values June 23, 2014 Residential property prices in the City are rapidly rising to match some of London’s most expensive areas, and could catch up with the costliest parts of the West End in just five years’ time. Typical house and flat prices in the City were 60 per cent lower than their equivalents in the ultra-prime areas of [...]
In graphs: Stamp duty rises by over £900m in 12 months June 20, 2014 A Londoner making his or her way up the housing ladder can expect to have paid £38,000 in stamp duty between 1998 and 2014, according to new research by Lloyds Banking Group. The data also shows, as this paper reported, that stamp duty was up over £900m in the last 12 months. These are big [...]
Interactive: London house prices compared to 2007 June 17, 2014 Everyone is talking about the ONS stats out today showing that London house prices rose 18.7 per cent in the year to April, against the backdrop of a 9.9 per cent rise nationally. Housing market analyst Neal Hudson made this great scatter graph showing how prices in individual London boroughs are increasing currently and how much [...]
In graphs: London house prices up 18.7pc in just a year June 17, 2014 House prices in London rose 18.7 per cent in the 12 months to April according to new figures released today by the Office of National statistics (ONS). Across the country prices were up 9.9 per cent, with growth outside London and the south east at 6.3 per cent. Despite figures from Rightmove yesterday showing the market [...]
London house price danger flagged by IMF review June 6, 2014 The UK's government has this morning received a far more glowing appraisal from the International Monetary Fund (IMF) than it has become used to. The supranational organisation has delivered its Article IV mission findings, noting that the UK's economy "has rebounded strongly and growth is becoming more balanced". Among its other points, the IMF lists [...]