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Rics: Political chaos pushes London house prices down in November

Brexit has cast uncertainty over the housing market in 2019 (via Getty Images) Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that […]

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Brexit bargains: London’s luxury homes take big price cuts

Wealthy buyers are benefiting from political uncertainty — especially if they are paying in dollars Five-bedroom house in Belgravia has cut its original asking price by £1m to £8.95m Aleksandra Wisniewska  For the Financial Times  OCTOBER 24 2019 Brexit uncertainty hangs over London’s luxury property market like a fog. Since the referendum in June 2016, […]

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London property slump drags back UK house price growth

ondon property prices fell 1.7% in the year up until October 2018. Photograph: Bloomberg via Getty Images London house prices slipped in October, dragging the growth in average property prices to its lowest level since July 2013. The slump in the capital, which began after the Brexit vote in 2016 and reached a fall of 1.7% […]

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Property speculators head north as London market slumps

UK property speculators who buy and sell homes in quick succession have shifted their focus north as the housing market in London and the south-east begins to slump. Some 11 of the top 15 destinations for “flipping” homes — buying and selling within 12 months — were in the north of England last year. None […]

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Property sales in London fall 20% in four years

Analysis shows capital ‘unaffordable’ for all but most ‘equity-rich’ home buyers The number of homes changing hands in London has dropped by one-fifth in four years, while homebuying activity in the Midlands and the north of England has picked up the pace, underlining problems of affordability in the capital and changing patterns of regional housing […]

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UK house prices: mortgage lending soars

Rising house prices and increasing consumer confidence had driven mortgage lending to a seven-year high, causing a new dilemma for policymakers. Banks handed out more money through loans and overdrafts in October than they had in almost a decade, The Times reports. The governor of the Bank of England Mark Carney recently sounded a warning […]

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UK:Some Londoners make homes in boats as U.K. housing costs soar

London, United Kingdom – Rocketing housing costs in Britain’s capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city’s historic network of rivers and canals. The picturesque lifestyle of sleeping in a colourfully painted narrowboat or barge can seem tempting, especially when buying one can […]