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9th February 2018
The number of homes sold in the most expensive postcodes of London fell by 3.6% last year compared with 2016, according to property data provider Lonres, particularly in homes priced below £2m. Estate agents also reported an increase in the number of viewings and the amount of time a property spent on the market, while about 60% more properties were withdrawn from sale than in the previous year. The most common reason was cited as the inability to reach a price that that suited homeowners.
The Times (05/02/2018)
9th February 2018
UK house prices fell for a second consecutive month in January, leaving the average price of a home at £223,285, a dip of 0.6% according to the Halifax. Prices fell 0.8% in December, stunting annual house price growth to 2.2%, its slowest rate in six months. Howard Archer, chief economic adviser at EY Item Club, said: "The latest Halifax data reinforces our belief that 2018 will be a difficult year for the housing market and price gains over the year will be limited to a modest 2%”.
The Daily Telegraph (07/02/2018)
2nd February 2018
An estimated 359,000 people bought their first property in 2017, according to the latest Halifax First-Time Buyer Review, marking a 6% increase on the year before and the highest total since 2007. These buyers needed an average deposit of £33,339 - a 91% increase compared with a decade ago. Northern Ireland was the cheapest region, with a deposit of £17,636 and an average house price of £120,648, while average buyers in London needed a deposit of £112,604 and paid £422,580 for a home.
The Times (27/01/2018)
2nd February 2018
Think tank Centre for London says London home prices dropped by an average of 4.1% in the year to November, the largest year-on-year fall since August 2009. Flats fell the fastest, with a 7% dip, followed by terrace houses, which declined by 2%, while semis rose 4%.
Evening Standard (30/01/2018)
2nd February 2018
London Mayor Sadiq Khan wants Londoners to be given first option for new homes in the capital, saying: “I want to help Londoners by looking at what measures I can offer to make sure they get first dibs on more new homes.”
The Times (31/01/2018)
2nd February 2018
More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, according to property data experts Molior London, with only 900 of the flats priced at more than £1,500 per sq ft having sold. The total number of unsold luxury new-build homes has hit a record high of 3,000 units.
The Guardian (27/01/2018)