How Will The 2012 Olympics Affect London House Prices?

There is much to be made about the impact the 2012 Olympics will have on the London economy, and especially property prices and urban regeneration. Agents showing properties in East London will always mention the proximity to the Olympic site and the value that that brings. Common belief, such as that in this article from […]

House Prices In Central West London Surpass Pre-Crisis Peaks

Housing prices in London have taken a serious hit since the credit crisis, but now are on the rise. Prices dropped over 15% year-on-year between 2008 and 2009, erasing three years of growth. However, investors and homeowners may be able to see a light at the end of the credit crisis tunnel. Average housing prices […]

Repossessions Double in London

According to the Evening Standard the number of repossesed homes up for auction in London has more than doubled in the past year, figures show today. In the last three months of this year 455 repossessed properties have been offered for auction, compared with 202 in the same period last year, which was when the […]

Prime London feels the "Crunch"

According to the Telegraph, the sale of a £36 million apartment in central London has fallen through, just days before completion. Situated in The Knightsbridge, one of London’s most prestigious residential buildings, the 6000 sq ft apartment went under offer earlier this year and contracts exchanged in June. But the buyer has now pulled out […]

Ten Easiest Postcodes to Sell Property in the Slow Down

According to the Times, an in-depth analysis of the Land Registry figures indicates that no part of England or Wales is immune from the slowdown. However, there remain wide regional variations. Here are the ten postcodes that registered the highest number of sales in June. 1.CV6 (Coventry): 44 2. CR0 (Croydon): 40 3. S6 (Sheffield): […]

Plan to suspend stamp duty for all home buyers in the UK

According to the Times, Gordon Brown is considering suspending stamp duty in an emergency measure to kickstart the housing market, it was claimed last night. The idea, being worked on by the Treasury, is part of a package of help for hard-pressed families. Stamp duty is paid by property buyers, and is levied at 1 […]

Barbados property investment defying credit crunch

According to a report issued by Principal International, an independent company and one of the UKs leading Investment Property Overseas advisors, the much talked about credit crunch continuing to dominate the news is leaving investors to wonder if buying property overseas is still the best option. There is no doubt that the days of 90 […]

£1m plus mortgage?

According to the FT, multi-million pound mortgages from high street lenders are heading for extinction, mortgage brokers said yesterday, as banks impose tough new limits on how much they will lend, or charge steep arrangement fees of up to £40,000. Abbey, Nationwide, Chelsea and Intelligent Finance have all slashed the maximum amount they will lend […]

Credit Crunch Facts

There are about 500,000 buy-to-let investors in Britain. They own property worth more than £120 billion (ARLA). Only 2 per cent of landlords are planning to sell up, according to research by the Royal Institution of Chartered Surveyors. Average rents have risen by 4 per cent over the past three months and by 12 per […]

Who is Buying Property in the Credit Crunch?

According to the Times, the amateur buy-to-let investor has had his day. Deterred by falling property prices and hampered by a lack of mortgage credit as banks tighten their lending criteria, small players who want to buy one or two homes to supplement their income or bolster their pension are fast disappearing. However, professional investors […]