If you have not yet heard about the new cross rail project in the UK, you have missed out on one of the most innovative and talked about building projects for generations. It will essentially provide fast and accessible transportation links between London and the surrounding regions in the South West and South East.The project […]
London’s desperate housing shortage sent property prices surging to an all-time high last month, with the biggest increases in the suburbs.The average home’s value shot up by £10,683 between November and December — one of the biggest monthly jumps on record — to a fresh peak of £514,097, according to the latest Land Registry data.The […]
UK house prices rose by 9.5% in 2015, according to the lender Halifax, making it the fastest annual increase in nine years.In the last month, prices went up by 1.7%, said the Halifax, bringing the average price of a home to £208,286.However, other lenders, such as the Nationwide measure, put the rate of increase much […]
Knightsbridge is the worst performing housing market in central London this year as rising taxes curb valuations in the district that’s home to the Harrods department store.Prices fell 6.1 percent as an increase in the stamp duty charge damped demand and sales volumes fell, according to Rupert des Forges, a partner at broker Knight Frank LLP. […]
Buyers unable to afford capital’s more central areas trigger 22% jump in property values but prices slide in parts of Wales.Newham in east London experienced the biggest rise in property values during 2015, according to Halifax, as buyers priced out of the heart of the capital looked for houses within commuting distance of the city.Stamp […]
London property prices are arguably out of control which has led to more people being forced to stay in rented accommodation.However, according to a YouGov poll commissioned by estate agents Knight Frank, a third of Londoners are now prepared to spend 50% of their salary on rent. That’s huge.The median average salary in the capital is just […]
The Spanish billionaire founder of fashion chain Zara, Amancio Ortega, is buying an office block in St James’s that will push his London property empire past the £1.6 billion mark.Ponte Gadea, Ortega’s real estate arm, is under offer to purchase Almack House for over £225 million, West End property sources told the Standard.It comes less […]