mortgages

UK Residential Mortgage Lending & Home Sales: The Last Ten Years

There has historically been a close link between Mortgage approvals and Home Sales in the United Kingdom, with both peaking in January 2006 at 146,854 and 153,465 respectively – and both reaching their low points in January 2009 at 21,466 and 32,752. In 2005 and 2006, mortgage approvals totalled 94.1% and 90.2% of home sales, […]

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London Property Market Highlights 2016

Highest Residential Gross Price 9 Holland Park, W11 3TH £53,489,500 || 12,500sqft || £4279psf The highest gross price of the year was set in January, when Richard Branson’s old house at 9 Holland Park was sold for £53,489,500. The Grade II listed building underwent substantial renovations during the tenure of the previous owners, which was overseen […]

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Prime Sales Volume Halves Post Brexit

Data taken from the Land Registry, and analysed by Khalil & Kane, shows that Prime London sales volumes fell to their lowest levels since Q2-2013 in the most recent quarter, following the result of the United Kingdom’s referendum on membership of the European Union. This put sales of properties worth over £1m down 50% (from 3,481 […]

UK House Prices Hit a Four Year High, with London Driving Growth

  It was recently reported by Acadametrics Ltd that U.K. house prices reached a four-year high in July as London’s booming property market continued to move upwards. It has been well publicised that London residential property has become a magnate for wealthy investors across the globe, looking to put their money into stable and low […]

Gazundering and Gazumping

Gazundering, surprisingly, has nothing to do with Dr Seuss books or Russian oil companies. It is the process of demanding a lower price at the last minute, between when a deal has been agreed upon and the exchange of contracts. At this point, though a deal has been agreed in principle, it is not formally […]

Rightmove Says Average Asking Price Increasing Throughout UK

Rightmove’s monthly survey of asking prices shows that homeowners are asking around 3% more for their homes than last month. They point out that this is a common trend and that sellers have increased asking prices every Autumn for the past decade. There are, as always, some differences with regards to London house prices and […]

Confusing Property Market Signals

For the third consecutive month house prices in the UK have fallen according to intelligence group Hometrack.  The decrease in price comes as public interest weakens, with estate agents reporting a 2.9% decrease in the number of people registering with them during September, and an ever increasing number of new homes coming onto the market […]

Where To Live In London: Pimlico

Pimlico is the area to the south of Victoria Station, bounded by the Thames to the south and between Chelsea and Westminster to the east and west. The area includes the Tate Britain art museum, but little else to attract tourists or avid shoppers. As a result, Pimlico offers a slightly down market but still […]

Riverside Views In London

If London housing lacks anything that is found in other comparable cities (in as much as those exist) it would probably be in the riverside.  When I first moved to London, I commuted by the Thames Clipper riverboat service. Passing under Tower Bridge and along the Thames was one of the highlights of my day, […]

London Overground Finds Popularity

Every week I take my regular Sunday morning trip from Deptford SE8 to South Kensington SW7. This trip would be rather uneventful if it weren’t for the constant variety of route brought on by weekend planned engineering work. With the Jubilee line down this weekend, I took the new London Overground Line up to Whitechapel. […]