The Crossrail project is heavily underway and with new stations planned and under construction, the new line will serve a greater purpose for Londoners, further extending the tube map to areas which have never had an easy route into London. The latest news off the press is that West Ealing has green light for Crossrail […]
Today, the ONS released a detailed housing statistics report based on the cost of private renting and how affordable it is in the current economic climate. […]
ONS Private Housing Statistics have been released showing the latest housing summary measures providing a broad overview of the availability and affordability of privately owned houses. Taken from local authorities in England and Wales, the measures have been used to identify relationships between availability and affordability, looking at annual salary as an example. The report has looked […]
Information released today from the Office of National Statistics has revealed that the property debt crisis in Great Britain is worsening, as is the financial debt situation in general. Using evidence from the Wealth and Assets survey, the self-reported burden of property debt was investigated, highlighting the financial crisis Brits currently face. Property debt is […]
The ONS published an article on Friday shining a light on the eight largest city regions outside of London. These include West Midlands, Greater Manchester, Bristol, West Yorkshire, Nottingham, Sheffield, North East and Liverpool. A handful of these regions could, in the coming weeks, negotiate an increase in devolved powers from the capital. There has […]
The ‘empty house’ phenomenon in sought-after areas is growing and growing. And now a London council have plans to put in place a scheme which, they hope, will stop this once and for all. Now, “buy-to-leave” investors could be fined up to £60,000 in an attempt to attack empty housing. This new plan only affects […]
Read More… from Islington Council Lead the Revolution Against “Buy-to-Leave”
The final quarterly survey of registered providers was released on the first of this month finding the sector had sufficient access to finance and was in a strong position, with 60% of new facility funding coming from capital markets. There were 788 homes developed for sale in the quarter, this increase in completions coincides with […]
Read More… from Is the Supply of Social Housing Under Threat?
London rents reach £1,500, the highest they have ever been, spelling bad news for first-time buyers who cannot afford expensive deposits. We reported on rising house prices in our last article, which is a great thing for the British economy and for prospective property sellers, looking to sell quick. However, if you are yet to […]
The Office for National Statistics (ONS) has today released the latest House Price Index, showing house prices are going up by 5.7% in the year to May 2015, a natural increase from 5.5% in the year to April 2015. The monthly release of data by the ONS is calculated using mortgage financed transactions that are […]
In the world of property prices, a lot can happen in a year – so it’s no surprise that seeing just how much how prices have changed across England and Wales is distressing. The ONS data reveals the most expensive areas in the UK, confirming the so-called “North-South divide”. The map reveals the stark contrast […]
Read More… from The Most Expensive Areas for Property in the UK
Waking up at the crack of dawn is never an ideal situation. It’s a universal fact that no one enjoys waking up to the sound of their alarm clock and leaving the comfort of their warm bed in the mornings. As a result, more and more people are choosing to give up on travelling into […]
Ever sat on the London Underground dreaming of rolling hills, baby lambs and country roads where the kids can ride their bikes? You’re probably not alone, but taking the plunge and upping sticks to the countryside may be an irrevocable decision! And with London house prices increasing rapidly, moving out of the capital means you […]
Read More… from Location, Location, Location: London Vs the Rest of the UK