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15th July 2016
UK house prices rose by 1.8% during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter, according to the Halifax House Price Index, which said prices were up 8.5% compared to the same period one year ago, marking the slowest annual growth recorded since the third quarter of last year. London prices are now almost four times the average price paid in the area of the UK with the lowest house value, currently Northern Ireland at £119,000, and the average price in the capital currently just under £450,000.
City AM (13/07/2016) Evening Standard (13/07/2016)
15th July 2016
A study of the residential property market under different prime ministers since 1955 shows that David Cameron’s tenure saw a 3..2% rise in the average house price. The study from Neal Hudson, associate director of research at Savills, shows that the average value of a home in London is now 39% higher than when Mr Cameron took office in 2010. Tony Blair takes the top slot in the Savills' league, with the average price of a home up 136.8% between 1997 and 2007, while there was a 14.3% decline during Gordon Brown's term.
The Times (13/07/2016)
8th July 2016
Genesis Homes has put a selection of one- and two-bedroom apartments in the Jessops tower block scheme at New Providence Wharf on the market. Close to East India DLR station, the homes come with contemporary kitchens fitted out with integrated Bosch appliances, with fully-tiled bathrooms finished with modern white sanitaryware and chrome fixtures and fittings. Two-bed apartments are available from £485,000, and from £121,250 on Genesis’ shared ownership scheme.
The Wharf (04/07/2016)
8th July 2016
Analysis by the Standard indicates that many London homes have had their prices reduced since the Brexit vote, amid warnings of a slump in the housing market. The analysis of 13,000 homes currently listed as “reduced” suggests that around one in six have had their price cut since the vote, and that the impact is expected to be most severe in the new luxury developments along the river from Vauxhall to Docklands..
Evening Standard (01/07/2016
8th July 2016
MPs have begun an inquiry into the UK's housebuilding industry, questioning why supply cannot keep up with demand and calling on the chief executives of major developers to give evidence on the industry's capacity to build after the recent publication of poor construction figures. The Communities and Local Government committee will also seek evidence from ministers, representatives of industry bodies, local authorities and housing associations. Committee chair Clive Betts MP said he will examine the decline of small and medium-sized developers and look closely at the skills shortages, planning delays and finance issues hampering the industry.
City AM (06/07/2016)
8th July 2016
House prices cooled in the run-up to the EU referendum in June, according to Halifax, as uncertainty took hold and buyers lost confidence. The rate of annual house price growth in the UK was 8.4%, down on May's rate of 9.2%, and its lowest level since July 2015. The 8.4% rate of growth was slightly better than the 7.8% growth forecast by economists. The price of the average home in the UK rose by 1.3% between May and June, or by £2,708, to hit £216,823, up from 0.6% the previous month, according to the index..
The Daily Telegraph (08/07/2016)