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11th August 2017
New research shows that the number of homes on sale in the UK fell 1.9% in July, after a 1.6% drop in June. This figure more than doubled in London, with a 4% fall in the number of homes coming onto the market. Bexley was the worst-hit borough, with new sellers falling almost a quarter, followed by Barnet, with a 19.9% drop. However some locations offer hope: Redbridge saw its supply rise the most (23%), followed by Hounslow (19%).
City AM (07/08/2017)
11th August 2017
UK house prices have recorded a quarter-on-quarter fall for the fourth month in a row for the first time since 2012, according to the Halifax, leaving prices between May and July 0.2% lower than the previous quarter. Halifax said annual house price growth had slowed to 2.1%, leaving the average property valued at £219,266. On the monthly measure, Halifax said prices rose 0.4% between June and July.
The Guardian (07/08/2017)
4th August 2017
The Standard looks at the waterside villages popping up on the Thames and its tributaries and canals, with a focus on those in the east of the capital. The first homes at Fish Island Village went on sale last month, a £200m development close to the Queen Elizabeth Olympic Park overlooking the Hertford Union Canal featuring 434 private homes, 146 affordable flats, plus workspace for creatives and entrepreneurs. One-bedroom flats there start at £445,000. Further east, Ballymore and Ecoworld’s London City Island scheme for 1,700 new homes on the Leamouth Peninsula welcomed its first 650 residents late last year, and will host 3,000 people by 2020. The latest phase of homes was launched late last month, with prices from £432,500 for a studio apartment. Finally, prices at the Greenwich Peninsula’s array of towers, many of which have views of Canary Wharf and the City, start from £470,000 for a one-bedroom apartment, rising to £2.1m for a three-bedroom penthouse.
Evening Standard (04/08/2017)
4th August 2017
Research from Halifax has identified the areas where property prices have increased by more than six times since 1997, with Hackney seeing the biggest increase. Average prices per square metre have climbed from £814 to £6,942 in the London borough, a 753% increase compared to a 402% climb in the capital’s average. The average price per square metre across Britain has increased by 236% over the past 20 years, from £672 in 1997 to £2,260 in 2017.
The Daily Telegraph (29/07/2017)
4th August 2017
Research from Halifax shows that five London locations have seen the price of property per sq m go beyond the £5,000 mark for the first time. Barnet, Kingston upon Thames, Lewisham, Waltham Forest and Harrow have joined 15 boroughs where average values already exceeded the figure. The report shows that over the last two decades, nine out of ten areas where the per sq m value has accelerated the fastest are in the capital, with prices in Newham, Southwark and Lewisham and Waltham Forest up by more than 600%. Kensington and Chelsea has the highest price per sq m of any place in Britain at £11,192, making it the only part of the country where the average is above £10,000.
City AM (31/07/2017)
4th August 2017
Nationwide has reported that house prices increased by 0.3% in July, the second month running there has been a rise, with a shortage of properties keeping prices high. The increase saw the price of the average UK home hit £211,671, a record for Nationwide's index. The annual pace of growth hit 2.9% in July, dipping from June’s 3.1%.
The Guardian (01/08/2017)