Posts Tagged ‘London’
If your agent cannot demonstrate market reach to foreign buyers, they will under-sell.
As the economic climate changes and the market cools, sellers’ agents must not rely upon the traditional approach of primarily approaching the prevalent buying institutions to create competition. They must go further or they will under-sell. With the Pound lower, we are witnessing increased foreign investment into the UK property market. The UK commercial property…
Read MoreCrossrail adds value to properties.
Properties within easy reach of the capital have seen values soar in the past year. Crossrail is still a year away from opening but is still having an upward effect on prices of properties within easy reach of the stations that will serve London commuters. The Land Registry said in its report yesterday that Slough…
Read MoreLand Registry figures for February
Land Registry has released its latest house price index and revealed that the average price of a home in England and Wales showed a monthly price decrease of 0.2%, annual growth now stands at 6.1%, bringing the average house price in England and Wales to £190,275. The average house price of property in London has…
Read MoreAverage house price breaks the £300,000 mark
The average house price now in England and Wales has now gone above the £300,000 mark for the first time, according to the property portal Rightmove today. The rush to beat the property tax rise announced back in November and coming into force at the beggining of April for those looking to rent out or…
Read MoreMiddle 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…
Read MoreFairer deal for renters
Haringay Council is now set to offer a new non profit making letting agency service which is aiming to give tenants a “fairer deal” whilst offering landlords reliability and affordability. Move 51 North, the not for profits letting agency was set up by the council housing management company Homes for Haringey, it is pitched as…
Read MorePrivate rented sector rents continue to rise.
Homelet Rental Index February 2016 The cost of taking on a new tenancy in the private rentals market continues to rise, with the average rental agreement signed in the UK outside of London during the three months to February 2016 costing 4.8% more than in the same period a year ago, new data from the…
Read MoreConservative candidate for London Mayor
Last week we had a brief look at both the Labour and Libdem candidates for London Mayor, today we take a look at Zac Goldsmith, the Conservative candidate, with the vote taking place in around 50 days Zac is trailing Labour’s Sadiq Khan at the moment in the polls but that could all change as…
Read MoreIncreased activity due to stamp duty deadline
UK property prices are expected to slow in the coming months due to concerns about the June 23 European Union referendum and global economic uncertainty, February saw strong growth in property prices across the UK except for London, the rush to buy before the stamp duty hike in April will probably see strong figures continue …
Read MoreLabour London Mayor candidate launches manifesto.
Labour’s London Mayoral candidate Sadiq Khan reportedly announced yesterday plans in his manifesto to “name and shame” rogue landlords through a New York City-style website, it would be based on a scheme set up by New York mayor Bill de Blasio, it would provide a database of landlords who had been successfully prosecuted for housing-related…
Read MoreFoxtons Group plc announce financial results
Foxtons Group plc, London’s leading estate agent, today announces its financial results for the year ended 31 December 2015. In their operational summary they state: Revenue growth across all segments (Sales +3.4%, Lettings +2.3%, Mortgage broking +31.8%) Both Sales and Lettings segments operating at Adjusted EBITDA margins in excess of 30% A strong lettings business…
Read MoreLondoner’s require big pay rise to buy a house
The National Housing Federation’s (NHF) Home truths report released on tueday reveals that the average London home now costs approx £526,000, that is approx 16 times the average Londoner’s salary of £33,000 a year, this means Londoners would require a 266% pay rise to buy a home in the capital. The research highlighted that low supply…
Read MoreMore rent than pay a mortgage in london
New figures just out show that renters in the capital outnumber homeowners for the first time in a more than a decade, government data released yesterday shows that last year 898,000 London households were occupied by private renters. The figures, which provide data from as far back as 2005, show that a decade ago just…
Read MoreNew head office for Zoopla Property Group
Zoopla Property Group (ZPG), the digital media business that owns and operates some of the UK’s most widely recognised and trusted online brands including Zoopla, uSwitch and PrimeLocation announced this week that it has agreed a lease for its new head offices at 1 Courage Yard, Shad Thames SE1, adjacent to Tower Bridge. Since…
Read MoreAlarmingly high cost of renting for First-time-Buyers
The average First-time-buyer will have spent nearly £53,000 on rent in their lifetime before they have saved enough to buy a home, in London that figure rises to almost £70,000, according to new research. According to the Association of Residential Letting Agents (ARLA) in its Cost of Renting report, the average first-time buyer will have…
Read More