London House Prices Items
Prime property prices rose by £27 an hour over the last year, according to the latest data from the Land Registry.
Asking prices are falling in London for the first time this year, in a surprising blow to the capital's usually buoyant springtime market.
Price growth slowed in London at the start of 2013 to its weakest total for February since 2009, according to the latest figures from Rightmove.
Homeowners in London are likely to profit by as much as 30 per cent by 2020, predict economists.
Londoners selling property are upping asking prices by around 3.6 per cent for 2013, the latest figures from Rightmove show.
The London Factor report by Halifax found that, while the average house costs up to 70% more in the capital, its residents also have more spending money than anyone else in the Britain.
The London 2012 Olympics has given property in the east of the city a good kick with house prices rising by £70, 000 since 2005. Since London won the Olympic bid in 2005 the regeneration and interest in East London has had a positive effect on property prices.
House prices for the month of May have risen across the UK but the number of new buyers seems to be dropping. According to the Hometrack house price survey there has been a price increase of 0.2 per cent this month.
London still has the highest average property prices in England, with a home in the capital typically costing around £346,123, new figures show. Excluding London and the South East, the average UK price is £169,063.
London’s property market has started 2012 on a high as new sellers raise their asking prices by 0.8 per cent to around £438,324 while the rest of the country records a 1.5 per cent drop, according to latest figures.
House prices in London defied the national trend in 2011 and kept on rising, fuelled by strong demand from overseas investors, according to a new report published today. Prices across the capital went up by 3.1 per cent.
London remains the only part of the UK where property prices are going up, a new study suggests. RICS’ November housing market survey reveals that homes in Yorkshire and Humberside, the West Midlands and the South West saw the biggest drops in value.
London is the only region where property prices are now higher than they were a year ago, with values rising by more than three per cent, according to the latest index from LSL Property Services and Acadametrics.
Londoners need to be earning at least £87,000 a year to be able to buy their own pad in the city. A new report by the National Housing Federation found average house prices in the capital have hit £408,384, but with average incomes standing at only £27,000 the home ownership dream is now beyond the reach of many.
Weak consumer confidence and concerns about Britain’s economy are causing buyers to steer clear of the housing market – sparking a drop in prices, according to a new report published today by Hometrack.
A fall in house prices sparked a boom in buyer activity during September, latest figures reveal. Sales rose 9.5 per cent as property values in England and Wales slipped by 0.3 per cent, LSL Property Services said.
London property prices rose 1.9 per cent in July, only slightly higher than the 1.3 per cent increase across England and Wales, new figures suggest. But an average home in the capital now costs £346,416 compared with the national average of £163,049.
Around 53 per cent of potential buyers aged 25 to 34 feel they’ll never be able to afford a place of their own, a new poll suggests. London's would-be buyers, hampered by high prices, are finding it hardest to raise a deposit, the Post Office said.
UK house prices crept up from May to June but were lower than a year ago, according to the Department for Communities and Local Government. London was the only English region to record an annual increase, with prices up 1.5 per cent.
Property prices fell for the third month in a row during July, according to new figures from Hometrack. The property analytics group said average prices fell 0.1 per cent over the month and by 3.9 per cent from July 2010.
The average home in London has increased in value by 5.3 per cent since the start of this year – more than double the overall UK price growth of 2.6 per cent, latest figures from property portal Zoopla.co.uk reveal.
Property owners living near the Olympic Games' main site in East London have seen the average value of their homes leap by almost £60,000 since the capital was named 2012 host, research by Lloyds TSB suggests.
London was the only region in England and Wales to see an increase in property values over the past 12 months, according to new figures. The Land Registry's May house price index shows values across the capital rose by an average of 2.9 per cent.
House prices slumped 3.7 per cent during May – the fastest annual pace since October 2009 – as demand for property weakened, a Hometrack survey shows. Prices in England and Wales fell 0.1 per cent from April, but London prices rose by 0.2 per cent.
Buyers are racing to secure a coveted new pad in the centre of London, according to latest figures from property consultants Cluttons. The company says strong competition between domestic and overseas buyers is creating ideal market conditions for sellers in the capital.