London’s housing market is set for another turgid year. Prices in the capital remain firmly in negative territory, according to RICS. LONDON – London’s housing market is set for another turgid year. A January survey by the Royal Institute of Chartered Surveyors showed house prices in the capital remain firmly […]
Nationwide said the average UK house price rose 0.6% to £211,756 over January. Annual price growth was up to 3.2% from 2.6% in December 2017. Nationwide’s chief economist said the acceleration in prices was “a little surprising” Economist Samuel Tombs said the data “is hard to reconcile with virtually all […]
LONDON – The former family home of Stanley Johnson, father of Foreign Secretary Boris Johnson, is up for sale, but it will cost you. The five-storey West London house, which also served as the base for Johnson’s successful race to become London mayor in 2008, is available for £11,250,000. Take […]
The collapse of Carillion could be “the first in a series of crises for construction’s big players,” according to leading consultant Mark Farmer. Farmer told Business Insider that Carillion could be the first of several household names to fall if the industry does not “overhaul itself.” “The scale and cost […]
The government’s flagship policy to help millennials buy homes is having almost no impact. The survey found that 86% of respondents reported no response from first-time buyers following changes to Stamp Duty introduced by Chancellor Philip Hammond in November. LONDON – The government’s flagship policy to help millennials buy homes […]
Rightmove said the average number of days required to sell a house in London had increased in January to 78 from 71 days the previous month. That is a worrying trend for sellers. Rightmove also said asking prices dipped in January to their lowest since August 2015. LONDON – London’s […]
Nationwide: London was the worst area in the UK property in 2017. Average prices fell by 0.5% in the capital, compared to growth of 2.6% nationally. West Midlands was the fastest-growing property hotspot, with prices climbing by 5.2%. Nationwide forecasts UK house price growth of just 1% in 2018. LONDON […]
The UK housing market continued to flatline in November. Price falls are still falling in London, according to the RICS monthly UK residential market survey. RICS chief economist Simon Rubinsohn said the national slowdown is being driven by factors including the run-up to Christmas and Brexit-related uncertainty. LONDON – After […]
Purplebricks said group revenue for the six months to October 31 to was up 150% to £46.8 million, while UK revenue was up 118% to £39.9 million. million, LONDON – Online estate agent Purplebricks said revenue jumped 150% since May, but analysts questioned why its statement didn’t specify how many […]
Transaction volumes in London – the number of houses being bought and sold – have dropped 18% since last year, according to housebuilder Berkeley, The group posted strong profits but warned of a tough outlook next year, as Brexit and inflation bites. LONDON – Transaction volumes in London, the number […]
The average first-time homebuyer deposit in London could soar to an eye-watering £250,000 within a decade – a 75% rise. The data reflects the growing difficulties first-time buyers in London face trying to get onto the property ladder. LONDON – The average first-time buyer deposit in London could soar to […]
Co-working office provider WeWork will become London’s biggest private user of office space. The move represents a big bet on the resilience of post-Brexit London’s office market. LONDON – Hip office provider WeWork has signed leases that will make it London’s biggest private user of office space, according to data […]
The government will abolish stamp duty, levied on home purchases, for all first-time homebuyers on homes under £300,000. The move will save home purchasers up to £5,000, and £1,660 on average. But the Office for Budget Responsibility said it could push national house prices up 0.3% by 2018. LONDON – […]
The Royal Institute for Chartered Surveyors has...
Property firm Knight Frank has identified...
More than four in ten London home sellers are...
The UK housing market continued to "stutter" in...