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Average London property prices rise to nearly £500,000 in September

Average London property prices rise to nearly £500,000 in September Property prices in London are now considerably higher than the rest of the UK, according to the latest Land Registry House Price Index for September 2015 released on Wednesday. The average price of property in London has reached GBP499,997, in sharp comparison with the average for England […]

Docklands and surrounding area in London seeing mini property boom

Docklands and surrounding area in London seeing mini property boom London’s soaring technology, creative and financial industries are fuelling a mini property boom in locations such as Canary Wharf, Docklands, Greenwich and Blackheath, it is claimed. Property prices rising in some parts such as Blackheath increasing more than 50% faster than during the downturn, according […]

China slowdown could hit high-end London house prices

China slowdown could hit high-end London house prices Slowing economic growth in China and many other emerging markets has begun to raise questions about the booming London residential property market. Prices at the top end of that market have been boosted by overseas buying, often by wealthy people wanting to move some of their funds […]

Average London house price soars by £10,000 in just one month

Average London house price soars by £10,000 in just one month High demand and a decline in properties coming onto the market speed up the increase in average asking prices The average house price in London has jumped £10,000 (€13,675.55, $15,482.99) in just one month, new research has revealed. In their latest House Price Index, […]

London property prices: Global firms drive demand for prime flats in the capital – but at a bargain

London property prices: Global firms drive demand for prime flats in the capital – but at a bargain Companies are helping to fuel demand for rental homes in the capital (Source: Getty) Global multinationals are feeling increasingly plucky about the economic outlook and their future assignments, which is helping to drive demand for prime residential […]

As gritty patch of London upgrades, poorer locals pushed out

As gritty patch of London upgrades, poorer locals pushed out LONDON (Reuters) – Janet and Larry Colfer like to go for Sunday lunch at an old haunt in Elephant and Castle, where they lived for 36 years until their run-down social housing estate was knocked down to make way for smart new apartment blocks. On […]

London Property Prices Reach Another Record in Sellers’ Market

London Property Prices Reach Another Record in Sellers’ Market Asking prices for homes in London surged by 10,000 pounds ($15,500) this month as sellers took advantage of their market dominance to squeeze more from prospective buyers. In its monthly report, Rightmove Plc said values increased 1.6 percent from September to 630,050 pounds. The number of properties […]

Steady price growth forecast for London’s prime property market

Steady price growth forecast for London’s prime property market Homes in London’s prime property market are set for steady price growth in the mid term as the market adjusts to new constraints such as tax and inflation, new research shows. Stamp duty reform at the end of last year, very low inflation and the mortgage […]