London (CNN Business)Britain’s housing market is on a tear. Pent-up demand following lockdowns, a temporary tax cut, record low-interest rates, and government support for workers and mortgage holders have spurred a rebound that’s taken analysts by surprise. The average price of a UK home soared to an all-time high in September, according to leading mortgage […]
Developers are pulling back from converting central London offices into homes as the housing market in the capital slows. Conversions of central London offices into homes under contentious “permitted development rights” have slumped in the past year, while withdrawals of such applications have increased sharply, according to figures from Colliers International, a property agency. […]
The number of mortgage applications given the green light increased by 6,131 from March to April, the biggest jump in six years and a early sign that the UK housing market is bouncing back after a muted six months and disruption caused by the general election. New data from the Bank of England showed that […]
The number of homes sold in the Bristol postcode encompassing Avonmouth nearly doubled in 2014 from the previous year, fuelling fears that Britain’s latest property hotspots could develop into regional house-price bubbles. Avonmouth, next to the Royal Edward Docks (a vibrant area that has benefitted from extensive regeneration) was the district with the biggest increase […]
Foxtons said it expected sales activity to “remain subdued” in the first half of 2015, as concerns about the global economy and the upcoming May general election hold people back from buying. The London-focussed estate agent said lettings increased by 1.7pc last year, but sales volumes were down by 3.7pc. That compares to a 27pc […]
