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9th March 2018
Home owners trying to take their second step on the property ladder face a typical price gap of more than £135,000 to make the leap. The Lloyds Bank Second Stepper report found people who are looking to trade up typically live in a home valued at about £211,296, but the type of property they would like to move to – a detached home – will cost around £347,281 – a difference of £135,985. However, Lloyds also calculates that second steppers have an average equity level of £85,877 to inject into their next property, making it easier to make the jump. The survey also found that must haves for the second-steppers include parking space and a garden.
The I (02/03/2018) Daily Mail (02/03/2018)
9th March 2018
New research shows that Waltham Forest, which was recently named the capital's first Borough of Culture, has seen average property prices climb 82% to £462,000 in the last decade. The increase is nearly 20% above the average price growth for Greater London and four times greater than the average across England and Wales.
Evening Standard (06.03/2018)
2nd March 2018
The Gramercy Greenwich is an 83-home development just moments away from Greenwich Docklands Light Railway Station, sympathetically designed by architects bptw to fit into the elegant surroundings of the Unesco-protected town centre. Housing association Family Mosaic has created a new community along Creek Road, with a number of homes available for private ownership. All the flats are higher spec than the London Plan, with higher ceilings and more space, offering views of the Thames, Canary Wharf, and London to the east.
Evening Standard (01/03/2018)
2nd March 2018
Property prices will climb 2% this year, according to a quarterly poll of 33 housing market specialists conducted by Reuters. Those polled offered a less optimistic view for the capital, saying prices in London are set to fall 0.5%. Looking ahead to 2019, they forecast that prices will climb 2% nationally and 0.9% in London, while 2020 will see values across the country climb 2.3% as those in London go up 2%. Eleven of 18 specialists who answered an extra question said turnover in London’s housing market would be lower this year than in 2017, while seven said it would be the same.
The Independent (23/02/2018)
2nd March 2018
The proportion of people who don't know whether their property is worth more than their pension has jumped from 5% last year to 22% this year, according to research from Retirement Advantage. It also found 42% of respondents saw their workplace or personal pension as the asset that would support them most financially when they retired, compared with 19% who said property.
The I (26/02/2018)
2nd March 2018
Estate agents have warned that stamp duty changes are slowing down the first-time buyer property market. Mark Hayward, chief executive of the National Association of Estate Agents, said many people are now choosing to wait and save for a larger property, in order to reduce their tax bill and maximize on the new stamp duty exemption: "They're skipping the 'first time home' and moving straight on to their second homes, to avoid growing out of their property in four or five years.” The start of 2018 saw sales for the group fall by 5% from December.
The Daily Telegraph (27/02/2018)