By some estimates, as many as 100,000 financial services jobs could be leaving the UK as a result of Brexit - and a disproportionate number of those workers live in crowded, in-demand central London. Will your dream house suddenly become easier to find?
Whether you voted for it or not, Brexit has happened. While many predictions were made about what would happen to the property market should the UK vote to leave the EU, now we are getting the first indicators of what is actually happening.
London’s generation rent of city workers, who are struggling to find centrally located, well-appointed and affordable homes, are about to receive some good news: a number of apartment complexes are due for completion in the coming weeks and months.
Basements are very popular with homeowners, especially in certain areas of the UK like London. They provide the opportunity to increase the size of your property without making changes to its outer appearance, and they can be used for many purposes. Here's a guide to what you need to know about basements.
On the 23rd April 2018, the people of England will celebrate St George’s Day with street fairs, Morris Dancing and traditional English fayre. Although not yet a public holiday, that’s never stopped the English from celebrating their dragon slaying, princess saving, Patron Saint.
Prime Central London is recovering sluggishly at best from the recent lull, and many experts believe that it is due for an ‘extended period of stagnation’, even as the rest of the UKs markets seem to be recovering. What can we expect from this once golden market in the next few years?
It seems Chinese-based property developers are increasingly looking to London as the next development spot to invest in. According to Property Week, the latest firm to show significant interest in the city, is Country Garden, a Chinese-based property developer who has recently completed major works in Malaysia.
With over one million households on the UK’s Government’s housing waiting list for England, it appears the current housing crisis is showing no signs of abating. However, as London makes up a good proportion of those households, London Mayor Sadiq Khan has announced a new housing fund to help provide more affordable housing in the English capital.
Right now, London is a hub of investment, cranes and building work. And, while much of that work is on offices and commercial property in the city centre, there is also hard work afoot in the north London suburb of Enfield.
A new report from campaign group Transparency International has once again highlighted the large concentration of foreign ownership of London Property. The group goes on to say that while around 80% of the buyers were from overseas, half of those buyers, at least four out of every ten, of homes in 14 new landmark London developments, were traced back to countries with a high risk of corruption, or anonymous companies.
Last month, Sadiq Khan announced the Good Growth Fund - £70 million intended to stimulate flagging London growth and community development, especially among smaller, lower income developments. But many analysts call this an insignificant amount of money when compared to current spending. Is it just ‘a drop in the bucket’, or can it make a meaningful change to any of London’s communities?
Siân Berry, the Green Party’s candidate for the 2020 London mayoral elections, is proposing a radical new plan to regulate spiralling rents in the capital.
Property price growth in London has been pretty meagre since around mid-2014. But, in some parts of the city, they are still rising, while in those regions where they are posting marginal price declines, average prices remain eye wateringly high.
UK house prices fell a little during April, the latest survey from the Royal Institution of Chartered Surveyors (RICS) shows, but they are expected to recover across most of the UK in the coming years. Most parts, that is, except for London.
The RICS survey doesn’t share average price information. The way its calculated is to ask its member property surveyors questions on what they’ve experienced regarding property prices during a particular period.
It’s no secret that the UK remains in the midst of an affordable housing shortage. While London is awash with cranes and new premium apartments are being built, they are out of reach for most Britons and destined to become yet another investment for the rich businessmen who travel the world, never setting foot in their latest property purchase.
You’ve been searching for your dream house for weeks or even months, and you’ve finally found it. Great! Now there’s just the small issue of making an offer …
London has long been considered as good investment for property investors, but prices in the capital aren’t as tempting compared to Bristol, and Manchester is turning a great deal of investor attention north. There have always been good and bad areas in any town and as more investors turn their eyes farther afield for properties, they face the challenge of not knowing the towns well enough to make shrewd investment choices.
The Government’s recent announcement of the finalized route of the UK’s high-speed railway, or HS2, has had a mixed impact on the areas that will now definitely be affected by it. Some areas will gain from the project – both from a property value and improved transport perspective. But there are some areas where the news is unwelcome, at best.
If you’re wondering where the best locations are for commuting into London, the cost of public transport will be a key factor as well as your rent. So here are a few suggestions to give you an idea of prices – hopefully there’ll be something here that sparks your interest.
Going off to university or college is an exciting time for many reasons; not least the fact that, for many, its the first step toward independence as you spread your wings and move away from home for the first time. Although there’s lots to look forward to, one of the first obstacles, unless you’re lucky enough to have millionaire parents, is figuring out where you’re going to live while away from home.