Re-mortgaging in London hits eight-year high, study reveals

May 30th, 2017

The latest research from the Council of Mortgage Lenders (CML) has revealed that the number of re-mortgage loans secured against properties in London hit an eight-year high in April. With the mortgage market growing increasingly competitive and interest rates at record lows, commentators believe that swathes of buyers are shopping around for better deals. According … Continue reading “Re-mortgaging in London hits eight-year high, study reveals”

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Boost to British Land portfolio speaks volumes for UK housing market, say experts

May 22nd, 2017

The value of British Land’s property portfolio has recovered considerably from where it was a year ago, suggesting light at the end of the tunnel for the housing sector, experts have claimed. While the property company’s net asset value per share had dipped 0.4 per cent to 915p in the last 12 months, it is … Continue reading “Boost to British Land portfolio speaks volumes for UK housing market, say experts”

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Record number of landlords operating through limited company

May 15th, 2017

A record number of buy-to-let investors are using limited companies to purchase properties, a study has found. The research revealed that the proportion of homes to rent in the UK owned by a company landlord reached 20 per cent in the first three months of 2017. This represents the highest number since records began in … Continue reading “Record number of landlords operating through limited company”

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Developers “giving away cars” in bid to attract property punters

May 8th, 2017

Developers of prime central London real estate are offering financial incentives in an effort to shift their properties, a report has revealed. The report, published in The Guardian, found that developers are offering free cars, stamp duty subsidies of £150,000, and various gadgets in a bid to entice potential buyers. Estate agents said sellers are … Continue reading “Developers “giving away cars” in bid to attract property punters”

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Olympic boroughs sprint ahead in value

March 27th, 2017

Olympic boroughs Waltham Forest and Newham were the fastest growing areas across the whole of London, a study shows. The research, published in the latest Land Registry house price index, looks at the value of the capital’s residential properties over the last 12 months. It found that Waltham Forest, east London, grew a staggering 15.7 … Continue reading “Olympic boroughs sprint ahead in value”

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Report accuses property market of disregarding smaller firms

March 13th, 2017

Research by a leading think tank has suggested that more could be done to make London’s commercial property market work better for small businesses. The Workplace that Works report – prepared by the Future of London group – has called for local councils, developers and landlords to recognise the problem and attempt to find credible … Continue reading “Report accuses property market of disregarding smaller firms”

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Record-low interest rates support housing market, says report

March 8th, 2017

Consumers taking advantage of rock-bottom interest rates are fuelling the housing market, a new report has revealed. The research published by Nationwide revealed that house prices – spurred on by furious borrowing – rose by 0.6 per cent in February, up 4.5 per cent from a year before. According to the report, homeowners borrowed more … Continue reading “Record-low interest rates support housing market, says report”

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Housing crisis creating a boom for London property, say experts

February 24th, 2017

The housing crisis means that property in London can only ever increase in value, property experts have claimed. With a report released this month revealing a strong end to 2016, Paul Smith, CEO of Haart estate agency, said performance had been pushed up by the continuing shortage of stock in the market, adding that the … Continue reading “Housing crisis creating a boom for London property, say experts”

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Rents to rise faster than house prices

February 20th, 2017

Rents in England and Wales will rise faster than house prices over the next five years, the Royal Institution of Chartered Surveyors has claimed. In its most recent members’ survey, the surveying regulator predicts that rents will grow by just over 25 per cent, compared to a rise of 20 per cent in house prices. … Continue reading “Rents to rise faster than house prices”

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Great Portland Estates sells Facebook’s new London HQ for £435 million

February 13th, 2017

Great Portland Estates (GPE) has sold the freehold of Rathbone Square, London, for a reported price of £435 million, around four per cent below its most recent valuation. The 420,000 sq ft mixed-use development is home to a large office complex, retail space and 142 residential apartments. Around 242,800 sq ft of office space is … Continue reading “Great Portland Estates sells Facebook’s new London HQ for £435 million”

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