Prices in the capital rose almost 10pc in year to September, boosting the average house price across England and Wales London house prices continue to outpace those in the rest of the UK, with the average property hitting £500,000. Prices rose 9.6pc in the year to September, meaning the average London property now costs £499,997, […]
Interest in real estate is creating a fallacy that the economy is growing and life is easy. The trend has now been for someone to buy a small parcel of land in the sun-scorched and dusty bush areas that ‘have potential to grow’ and wait for three or so years for the parcel to ‘appreciate’ […]
Westpac’s decision to lift interest rates is just one piece of the real estate puzzle, and if history is any guide the east coast housing boom is right on the edge of a bust, writes Ian Verrender. The governor giveth. Now the governor has to taketh the pain. Having spent almost three years furiously pumping […]
Aspiring home owners are having to scrape together a larger deposit than ever, following an almost 10 per cent rise in the average price of a first home over the past year – the biggest ever annual rise. The figures come from the Rightmove housing price index, which also found that the average house price is set […]
Mipim UK, the British arm of the global real estate fair that launched in 2014, opened this year’s property show on Wednesday, once again to demonstrations of protest and fury. Outside London’s Olympia, campaign group Architects for Social Housing is offering free consultations to housing protesters and campaigners for council estates threatened with demolition, in […]
The comeback of the US housing market has been one of the most bullish themes of the post-financial-crisis era. And for the bulls, it continues to be a bright spot in an otherwise slowing US economy in a slowing global economy. But in a chilling 88-page industry note, Barclays analyst Stephen Kim warns that the bullish tale spun by […]
Over the last few weeks, the Kenya T-Bills have been both in several headlines and in the center of most economic talks. Everybody started to talk about them. So I believe it is important to understand what T-Bills are and what is happening with the T-Bill high yield increase. Treasury Bills (T-bills) are the […]
The deputy governor of the Reserve Bank says Sydney home prices appear to declining because of increasing supply coming onto the market. Philip Lowe told a Sydney business conference he would welcome a drop in home prices. He was responding to a question about new economics research from investment bank Macquarie Group, which has predicted […]
Study shows knock-on effects of high mortgages and rents on consumer spending and wage bills, increasing risk of capital becoming no-go zone for staff across whole sectors Soaring London house prices are costing the economy more than £1bn a year and preventing the creation of thousands of jobs, as individuals plough money into buying and […]
rises The scale of London’s property bubble is laid bare in a report that reveals how the capital has dramatically outstripped New York and every other major city in the world on prices and sales over the past five years. In 2009, there were 2,147 sales of luxury houses and apartments in London in the […]
