Properties in the UK are taking longer to sell than a year ago owing to the “uninspiring” housing market, according to surveyors. Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said. Now that has risen to about 18 weeks on average, […]
London’s property market is now worth more than £1.5tn, an increase of 1.54pc in the past 12 months, according to fresh figures released on Thursday. Despite subdued house price growth in the capital over the past year, the market is more than twice as valuable as the combined worth of property assets in the next […]
The average cost of a property in London rose above £500,000 for the first time in October. Land Registry figures showed that the cost of homes in England and Wales rose by 5.6% in the year to October, up 0.4% from the previous month. London saw the biggest rise in the last 12 months, with […]
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 […]
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 […]
This was supposed to be the year when normality returned to the global economic landscape. Growth was looking more established and the legacy of the financial crisis was dimming. The US central bank and the Bank of England looked poised to affirm the recovery by finally starting to raise interest rates after keeping them for […]
House prices rose faster in July as demand from buyers picked up, but the number of homes for sale fell to a record low, according to the latest monthly report from surveyors. The number of properties coming on to the market has now fallen for six months in a row, the Royal Institution of Chartered […]
House prices in the UK edged up by 0.4% in July, rising to a new high of £195,621, figures from Nationwide show. The society also estimated that homebuyers paid a combined £275m less in tax in the first six months of the year as a result of changes to stamp duty in December. After a […]
House prices in Britain are continuing to rise as a supply shortage squeezes the market, with official figures confirming prices have now surpassed their pre-recession peak to reach an eight-year high. Figures published by the Land Registry reveal the average house price in England and Wales increased in value by 5.4 per cent in June […]
House prices may be becoming a little “saner”, in the words of the Financial Times’s FastFT blog, but they’re still rising faster than average earnings – which means its getting harder to gain a foothold on the housing ladder. One of the main house price indicators published by Nationwide showed what City AM describes as a “surprise” […]
