The number of high-end London homes being placed on the market has dropped by a quarter as wealthy owners hold off selling ahead of the UK’s departure from the EU. In upmarket areas of the capital, the number of homes being placed on the market for £2m or more was down 25 per cent in […]
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 […]
Image copyrightREUTERS The Bank of England has raised the interest rate for only the second time in a decade. The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% – the highest level since March 2009. While the decision means that the 3.5 million people with variable or tracker mortgages […]
Sellers of £1m-plus homes in London struggled the most to find buyers in January, survey finds Angela Monaghan Sales, new buyers and properties coming on to the market all fell in January. Photograph: Dinendra Haria/Rex/Shutterstock Britain’s housing market got off to a subdued start in 2018, with sellers of £1m-plus homes in London finding it […]
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 […]
The proportion of London home sellers dropping their asking price is rising as the property market slumps further. With more than four in 10 revising lower, the average price cut of 6.7 per cent reflects “initial over-optimism and a tougher market,” Rightmove said in a report published Monday. New vendors coming to the market in November are […]
The last few weeks were always going to be a bit of a test of the UK property market in terms of how consumers would react to yet more political upheaval. But research this week from the Mortgage Advice Bureau suggests the UK property market remained steady during May in the lead up to the […]
Big commercial property groups seem to be getting cagey about prospects for the UK property market. Some of that’s overblown worry due to Brexit. But there are also some more substantive concerns that are definitely worth paying attention to. Meanwhile, even as the professionals get jittery, local councils are piling into the property market like […]
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. […]
England’s housing market is broken, the government has admitted, with home ownership a “distant dream” for young families, as it unveiled a white paper promising a fresh wave of home building. The communities secretary, Sajid Javid, told the House of Commons that average house prices had jumped to 7.5 times average incomes and rents in […]
