London house price growth outstripped by Dublin September 24, 2014 We thought the rate of house price growth in London was extreme – but new figures show it has been outpaced by that in Dublin. House prices in the Irish capital grew by 25.1 per cent in the year to August, easily outstripping London's 19.1 per cent rise. The two markets are, of course, coming [...]
London house prices make it the world’s most expensive city September 23, 2014 London is the world's most expensive city, according to a new report. High property costs (the average price just went over £500,000 according to the ONS), high transports costs and expensive drinks have long been the bane of Londoners, and now a new report from Savills, an estate agent, has calculated London to top its [...]
London house prices: Average asking price in the capital reaches £558,000 September 15, 2014 The latest figures from Rightmove show London's average asking price grew by 13 per cent over the last year, the biggest rise anywhere in the country. Look at the breakdown for the rest of the UK here ONS data sees house prices reach record high It didn't top Rightmove's tables over the last month, but [...]
More sign of London house price woes? Foxtons share price falls as BC Partners halves stake September 5, 2014 Foxtons may have been the darling of the London property boom, but as house price growth in the capital has fallen, so have the estate agent's shares. BC Partners, the investor that had its fingers badly burned when it bought Foxtons off founder Jon Hunt at the top of the housing market in 2007 before [...]
Super skinny North London house goes on to auction with a £235,000 price tag September 3, 2014 It may seem like a home for the super-svelte, but you'll need a fat wallet if you want to buy this seven-foot wide home near Turnpike Lane station in North London – it's being put up for auction with a guide price of £235,000. Here's the skinny: the two-storey, two-bedroom home on St Anns Road [...]
London housing market is back to normal, says Berkeley chair September 1, 2014 HOUSE builder Berkeley’s chairman Tony Pidgley has said that London’s housing market is “stabilising”, in a trading update. “Since the start of the current financial year, the market has reverted to normal transaction levels from the high point in 2013, providing a stable operating environment. Demand for the right product with good design in the [...]
London house price growth set to slow to nothing in two years August 26, 2014 London house price growth will slow to nothing in 2016, as interest rates rise and properties become increasingly unaffordable, according to research yesterday According to property firm Savills, prices will climb by 15 per cent in the capital this year, but a slowdown will mean no price growth by 2016, and slower-than-average increases in 2017 [...]
In graphs: London house prices up 19.3 per cent, UK 10.2 per cent August 25, 2014 As we reported earlier, UK house prices were up 10.2 per cent in the twelve months to June, according to Office of National Statistics (ONS) data. This was slightly lower than the figures of 10.4 per cent for the 12 months to May but still staunch growth. The news is that growth has slowed, corroborating the [...]
London house prices ready to break through £500,000 mark August 19, 2014 House price growth dipped slightly in June, while the average property in the capital climbed to just shy of £500,000, according to figures released yesterday. Prices across the UK as a whole still rose in the year to June, up by 10.2 per cent, but the figure was a slight drop from May’s 10.7 per [...]
London house prices continue to fall as cooling property market spurs rush to sell August 18, 2014 London house prices are falling for a third month in a row, according to a major property site, the latest sign of a groundswell of sellers flooding the market. New selling prices dropped 5.9 per cent between July and August, according to Rightmove. Although prices are still 10.3 per cent higher than in the [...]