Archive for February, 2014

London house prices to rise by a quarter in five year

Posted: February 28th, 2014 | Posted by: admin

House prices in London will see prices rise by almost a quarter in the next five years, according to an estate agency today. Five year growth details for London and suburbs The average London home now costs £409, 881  The average price of a home in the capital is now £409, 881 Credit: Dominic Lipinski/PA […]

Posted in House Prices | No Comments | By: admin

Cash buyers ‘fueling mortgage market’

Posted: February 24th, 2014 | Posted by: admin

Around four in ten property purchases in 2013 were completed by cash buyers as mortgage lending plays a less prominent role in the housing market. The proportion of home purchases funded by mortgages dropped to 62 per cent last year, according to analysis by the Intermediary Mortgage Lenders Association (Imla). At its peak in 2006, […]

Posted in Mortgages | No Comments | By: admin

Phase two of iconic Battersea development in London announced

Posted: February 20th, 2014 | Posted by: admin

Phase Two of the iconic Battersea Power Station development is to be launched in London in May, it has been announced, with buyers and investors needing to register in advance. Interest in the homes being created in the former power station has been strong, according to the Battersea Power Station Development Company which is now […]

Posted in UK Property | No Comments | By: admin

Prime property in London expected to outperform gold and stocks and share

Posted: February 17th, 2014 | Posted by: admin

Prime residential property in London will outperform other major asset types in terms of growth this year, according to the latest index from agents Chesterton Humberts.It is forecasting that capital values will rise 10.1%, compared with a 7.8% rise for the FTSE 100 Index and 1.4% for gold and believes that this will encourage investors […]

Posted in House Prices | No Comments | By: admin

Home buyers beware, as estate agents try to double-charge

Posted: February 10th, 2014 | Posted by: admin

Estate agents set to cash in as home buyers now expected to join sellers in paying them a fee Stella Creasy, shadow consumer minister, has taken a stand against double-charging by estate agents. Photograph: David Levene for the Guardian It is an estate agent’s job to work for the seller of a property, lining up […]

Posted in House Prices | No Comments | By: admin

Stop rich overseas investors from buying up UK homes, report urges

Posted: February 1st, 2014 | Posted by: admin

Rightwing think tank proposes curbs on non-EU residents to open up more of housing market to Britons Rich pickings: the entrance to Kensington Palace Gardens in London. Photograph: Alastair Grant/AP Radical plans to stop rich overseas residents who live outside the EU buying British houses – as well as tight restrictions on them acquiring “newbuild” […]

Posted in UK Property | No Comments | By: admin