UK property market reverse ripple effect

According to Haart estate agents the London property market is predicted to be the last place in the UK to recover from the Brexit vote, the revival ouside the capital will “ripple” inwards rather than outwards. Paul Smith, chief executive of haart, reportedly said: “What is clear is that since June, Britain’s property market has…

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Property in London as unaffordable as ever.

eMoov.co.uk the leading fixed fee estate agent, recentley released its latest research into the London property market, they found less than half of the houses up for sale were priced at the average £550,000 or less. The Capital is now as unaffordable as ever for aspiring homeowners, the average house price exceeds the half a…

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High London house prices getting cut.

High value London property prices appear to be cooling down,  recent  research reveals that up to 40pc of houses for sale in some areas of the capital have had to cut their asking prices since coming to market, the price cuts are mainly in the centre, west and south-west of the city. The brakes may be…

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Middle East investors not put off by “Brexit”

The possibility of Brexit does not appear to persuade  Middle East investors away  from choosing London as their preferred destination when it comes  to investing in property in the Capital. A joint survey conducted by estate agency Cluttons and YouGov of 127 high net worth investors from Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait…

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Ever increasing rents in London

Labour’s London Assembly housing spokesperson Tom Copley AM has warned that  the average rent for a two-bed home in the capital will hit £2,007 a month by January 2020 if rents continue to rise at their current pace, such a rent would mean a single earner in the household would have to earn almost £120,000…

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Housing costs in Capital causing poverty.

According to a  report by New Policy Institute it found that 27% of Londoners live in poverty compared to 20% in the rest of England, the key driver of this poverty is the cost of housing in the capital. The lack of affordable housing has forced many low-income households into private renting, rents in London…

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