Prime central London growth forecast to outperform other areas November 9, 2021 Property group Savills has forecast Prime central London to grow eight per cent in 2022 as wealthy international buyers flock back. The market is anticipated to grow 23.9 per cent over the next five years while prime outer London will see a hike of 13.7 per cent. Growth in the market has been subdued because [...]
Lansdowne House is an £8m Holland Park gem November 8, 2021 Fifteen million doesn’t go far in parts of Kensington, where average house prices on Britain’s most expensive street hit £30m. But you only need to head slightly west to Holland Park to get more for your millions. Lansdowne House is a vast, light-filled four-bedroom apartment is over the ground and lower ground floors but has [...]
Why prime property buyers need an agent November 8, 2021 A search for a prime property can involve speaking to 20 or 30 different selling agents. The market is being disrupted all the time, with new agents and brokers splintering off from other firms and setting up on their own. Brokerage numbers are increasing all the time and it is harder than ever to stay [...]
Housebuilders concerned over rising material costs November 8, 2021 Housebuilders are wrangling with supply chain disruption and rising material costs with the delivery of new homes under threat. 61 per cent of builders said these factors were the biggest obstacles adding pressure to their bottom line, in a survey of more than 50 English housebuilders by property consultancy Knight Frank. Concerns are also mounting [...]
John Lewis scraps land sell-off after villagers’ displeasure November 7, 2021 John Lewis has been forced to ditch plans to sell off land for homes after Hampshire residents rebelled against the plans. The department store retailer had planned to sell off land for 12 new homes in Longstock, near Andover. However, it ditched the plans, citing “a significant level of opposition to the scheme,” to the [...]
Under half of public willing to pay costs for greener homes November 7, 2021 Less than half of the population have said they would pay huge costs to improve their homes, in a blow to the government’s net zero ambitions. The public were asked their opinions on policies to slash emissions, before and after hearing the estimated costs, in a survey from think tank Onward and pollster JL Partners. [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Focus On: Islington – An area that has all a savvy buyer needs November 5, 2021 One of those neighbourhoods that has it all, Islington combines lively restaurants and bars, inviting pubs and attractive residential areas with Georgian townhouses, garden squares and quaint terraces. Less bourgeois than west London, it attracts a mix of high-earning middle class millennials and boomers, families, and hipster house sharers with a liking for arts and [...]
UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
