The property market in London has experienced several months of cooling leading up to the General Election. This followed on from impressive growth in the first half of 2014 and led many people to claim that the property bubble was set to burst. Price rises across other parts of the UK did outpace London in this period, but a new forecast from CBRE claims that prices will increase in London by around 31% over the next five years. If this happens, the capital will reclaim its place as the UK’s property hotspot. Continue reading →

In a bid to appeal to younger voters who are concerned about the housing crisis, the Labour party have announced plans to reduce the number of landlords raising their rent above the rate of inflation. Most recently, they have also announced a plan to end any stamp duty applied to first-time buyers if they win power. Continue reading →

The UK housing market has been experiencing many changes lately. New research has discovered that more people are living alone, and more are intending to rent for the long term. A recent Housing Futures Survey discovered that 75% of the 43% of single people surveyed expected to be living on their own in rental accommodation in five years time. Continue reading →

The property market in London continues to be turbulent but the latest figures show that the price of properties entering the market in the capital has reached an all time high. This comes at a period when the market is cooling and prices in some areas are even slipping backwards. According to data from Rightmove, the average asking price for properties on the market in London is now £594,585, up 7% on this time last year. This is impressive in itself but when you look at the growth over the last five years it is close to 50%. Continue reading →

In London, improvements in transport links always bring new attention to areas as buyers look to snap up properties that will rise in value thanks to the increased accessibility once projects are complete. The Crossrail project brought a wave of interest all along the route when it was given assent in 2008. Since then prices have continued to rise with the latest report claiming properties along the route have seen prices rise by an average of 57%. Continue reading →

House prices have increased to more than the UK’s average employee’s net earnings in the past two years in almost one of five districts across the UK. A majority of these areas are in the South East and in London, with data showing that eight London boroughs are included in the top ten. Areas which have witnessed the biggest differences were Fulham and Hammersmith, where prices increased by average of £200,000, surpassing the take home earnings in the area by £150,000. Continue reading →

In last year’s budget, Chancellor George Osborne announced changes to pension rules that would allow new pensioners to gain better access to their savings through cash in annuities. The changes will come into effect this month and will affect those saving into a workplace or personal pension scheme where the payouts are based on the performance rather than the final salary of the fund. Continue reading →

If you’re looking to buy a property to let or to refurbish and sell on, and are considering the best areas of the capital to invest your money, you may want to consider the possibility of buying a property in Redbridge. Nestled on the north-east edge of the Greater London area, this suburb is renowned as a green leafy area (it contains parts of Epping Forest) with a high quality of life and many great properties to choose from. Continue reading →

Britain’s housing market is changing. The number of owner-occupiers is dropping significantly, whilst those who are renting are on the rise. These figures highlight that Britain is increasingly becoming a nation of renters, with few people being able to own their own properties and instead turning towards renting. Continue reading →

The prime property market in London is moving further away from established parts of the city, as people look for new places to invest where they can excellent returns. Traditional prime locations have high prices and are forcing people to look further afield. A new map has even been created to show where new popular areas are located. Surprisingly it seems to show that people are moving further to the North, West and South in search of new opportunities. Continue reading →