London lost £20bn in home sales during Covid-19, but these boroughs bucked the trend June 16, 2021 London lost £20bn in home sales during hte first 14 months of Covid-19, these capital boroughs bucked the trend
So much for the pandemic exodus: Home sellers’ confidence grows while WFH drives suburb popularity June 9, 2021 London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital. Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather [...]
London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City PM this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
First-time buyers: London’s most affordable and up and coming areas June 7, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market is [...]
London house prices: Asian homebuyers cash in on pandemic decline and weak pound June 7, 2021 Foreign buyers from primarily East Asian nations are cashing in across London’s new build market as a result of a pandemic decline in property prices, coupled with a weaker pound. According to new research by the defect management firm BuildScan, fluctuating exchange rates during the pandemic added to the appeal of the London property market [...]
Survey: Skimpy pay packets stop most Londoners from buying dream home June 4, 2021 Skimpy pay packets were the most likely reason Londoners could not get their dream home, according to a survey today, as the average budget for a capital property has swelled to £384,130. Earnings stopped 33.05 per cent of those surveyed by Money, while deposit building and mortgage availability were the next two big worries for [...]
Lenders hand out most mortgages to first-time buyers in nearly 20 years June 3, 2021 Banks and building societies handed out more mortgages to first-time buyers in March than any time since 2002. Across the UK, 42,330 mortgages were issued to first-time buyers in March, marking the highest monthly total since December 2002 when 44,000 were advanced, according to trade association UK Finance. Many people who would have taken their [...]
0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
First-time buyers: Top 10 cheapest London boroughs to save for a house deposit whilst living at home May 26, 2021 As many as 1.25m couples live with their parents, with a fourth admitting they made the tough decision to move home in order to save for a house deposit. Less than a third of parents charge their child and partner rent, making the move back to the family home the perfect money-saving option for couples [...]
