'London Property' News:
Stamp Duty Changes - rumours are stalling the market
Monday, August 18th, 2008Over the past 2 weeks there has been significant commentary regarding stamp duty and whether it could be temporarily suspended to eject some much needed momentum in to the beleaguered housing market.
Who or what is going to “fix” the mortgage market? – The Crosby Report
Tuesday, August 12th, 2008Is there an end in sight to the current collapse of the housing market? “Not in the near future” seems to be the verdict.
The government has, to date, prided itself on the management of the economy and the resilience of the UK economy versus the rest of the world. Many homeowners have enjoyed unprecedented growth […]
Is the London property market still at odds with the rest of the UK?
Saturday, August 2nd, 2008If you are looking to sell your property in London at the current time the hardest decision to make is at what level to market the property. Estate Agents are clearly desperate for business and some will place a value on a property to secure the property on their books in the hope of then […]
London House Prices decline in December
Sunday, February 10th, 2008The average London house price has fallen by around £28,000 in the last month, as the downturn in the property market hits the capital. The survey by property website Rightmove finds that prices fell by 6.8% in London, compared with 3.2% for the rest of the UK.
London House Prices start to fall
Monday, December 17th, 2007House prices in the capital are falling, and have dropped by an average £28,000 in the last month alone, as experts warn of a property-led downturn in investment affecting the economy next year.
Sub-prime mortgages set for growth
Thursday, July 19th, 2007Sub-prime mortgages are set for strong growth in the UK over the next four years, according to market analyst Datamonitor.
Datamonitor predicts that the market for this type of mortgage will be worth £31.5bn by 2011, compared to £24.6bn in 2006.
London house price growth set to slow
Wednesday, July 18th, 2007House price growth in the capital is set to slow down this month as potential buyers are beginning to be dissuaded by high house prices and rising interest rates.
Though property prices in central London rose by 3.1% in June, it is predicted that this growth will slow in July.
First time buyer borrowing hits record levels
Monday, July 16th, 2007First time buyers are borrowing more and more to get themselves on the property ladder, according to figures from the Council of Mortgage Lenders.
The CML survey shows that first-time buyer income multiples reached their highest level ever in May at 3.37 times the average first-time buyer income, up from 3.33 in April.
