Posts Tagged ‘London’
London’s rental growth rate slows
New data from the HomeLet Rental Index report for January 2016 reveals rent prices for new tenancies in Greater London are rising at the slowest rate for almost two years. The South East of England and the East Midlands show highest annual rent increases. Average rent in the UK (excl Greater London) is now…
Read MoreINDEPENDENT AGENT BERESFORD RESIDENTIAL CONSOLIDATES LEADING POSITION IN SUCCESSFUL TAKEOVER DEAL
Beresford Residential are pleased to announce that from February 2016 they will be taking over the lettings and management portfolio of XanderMatthew Limited. Established in 2011, XanderMatthew are a highly regarded Estate Agent serving Brixton, Clapham and the surrounding areas. During the past five years XanderMatthew have let, managed and sold property for hundreds of…
Read MoreHousing shortages and high rents.
Zac Goldsmith the Conservative London mayoral candidate has reportedly said London needs to see housebuilding at a level last seen in the 1930s, he claims that the current housing shortage is a “social crisis.” He has vowed to double house-building in the capital, pledging to ensure homes are built at a rate of 50,000 a…
Read MoreNew London head office for Countrywide
Countrywide plc, the UK’s largest property services group has moved to a new London Head office at UK House, Oxford Street . This move brings personnel from head offices across London including Hamptons International, John D Wood & Co., and Ikon, together for the first time. These teams will join Countrywide’s executive team and Lambert…
Read MoreBelgravia luxury homes price drop
The median selling price of luxury homes in the London postcode of SW1 which includes Belgravia have fallen by more than 20% in the year up to November 2015 as rising taxes start to bite. According to analysis by Bloomberg of Land Registry data, the London postcode SW1 has seen the the biggest slump in…
Read MoreProperty prices in Wales to outpace London
According to the Royal Institute of Chartered Surveyors (RICS), Wales will be one of the strongest areas of the UK for transaction levels in the coming year, alongside the North East, Scotland and Northern Ireland. Analysts at the RICS indicate that house prices in Wales will rise by 6%, while London will see just a…
Read MoreHouse Price Index for October
The House price Index for October released yesterday by the Office for National Statistics. UK house prices increased by 7.0% in the year to October 2015, up from 6.1% in the year to September 2015. House price annual inflation was 7.4% in England, 1.0% in Wales, 0.9% in Scotland and 10.3% in Northern Ireland. Annual…
Read MoreMajor expansion of shared ownership
David Cameron will today 7th December deliver keynote speech in which he will announce plans for the expansion of shared ownership, opening the door to 175,000 aspiring homeowners, he will reiterate how the government is getting on with the job and delivering on its manifesto commitments to provide real security and opportunity at every stage…
Read MoreLondon homes require highest average deposit.
It is really no surprise to learn that the average London Property requires the largest deposit from buyers as a down payment to go with their mortgage in the UK. According to new figures released by Mortgage Broker Today, deposits in London rose 5% in October compared with September. Buyers now need on average £179,248…
Read MoreOctober UK Cities HPI from Hometrack.
According to Hometrack UK Cities House Price Index (HPI) for October, city level house price inflation is running at 9.4% per annum and is set to reach 10% by year end. Hometrack’s UK Cities Index records annual house price growth of 9.4%, faster than the 7.1% UK wide growth rate. City level house price inflation…
Read MoreBritish buyers returning to London market
British buyers are returning back in numbers to the London property market while overseas buyers are being put off by higher taxes, Brits now account for well over two thirds of purchases in the capital’s prime post codes, according to a new study by estate agent Marsh & Parsons. The report said overseas buyers have been put…
Read MoreTenants renting their homes for long term.
The latest findings from the HomeLet Rental Index reveal that over the three months to October the cost of a tenancy outside of London rose by 3.5 per cent when compared to last year. Whilst this level of growth for new tenancies continues to outstrip the rate of inflation, this is much lower than the…
Read MoreProperty Bubble
The “Property Bubble” discussion is set to continue for some time, on the one side we have those analysts who see the UK property market well supported by increasing demand due to the projected rise in the population to 70 million by the end of the decade and the low default risk on loans due…
Read MoreHousing 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…
Read MoreNo change of use for London Pub.
An historic south London pub that was named the Elephant and Castle will now not become a Branch of Foxtons the Estate Agents, the pub was closed down earlier in the year due to a violent incident, squatters moved in shortly afterwards. EstateAgentNetworking previously reported that Foxtons had submitted an application to Southwark Council to…
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