PUBLISHED: 09:18 25 January 2017 | UPDATED: 10:18 25 January 2017 Simon Allin House prices in Bexlay are set to rise once again allinvisuality Local estate agents are upbeat and believe Brexit will have little impact Rob Tantred House prices in Bexley are set to defy national predictions of slower growth and enjoy further significant gains this year. While some economists have forecast a national slowdown in price increases, local estate agents are bullish about market prospects. Rob Tantred, managing director at Capital Sidcup, told the Bexley Times: “It is looking very good. Bexley is 25 minutes from central London, there’s a train station, superb schools and it is still one of the nicer, affordable suburbs. “Prices are not smashing through the roof like they used to, but they have not dropped, and you can still have a decent price rise in a decent road.” Kevin Oakes Kevin Oakes, director at Danson Property Services in Welling, agreed. “The … [Read more...] about Bexley housing market in “very good” shape as further price rises set for 2017
The number of buy-to-let investors in the UK rose to a record high of 2.5 million in the latest tax year, new research shows. The increase of 5 per cent on the previous year comes despite the introduction of a host of extra taxes and regulations on the sector. In recent years, the government has brought in a 3 per cent Stamp Duty levy, new stress tests for home loans, and ended mortgage interest tax relief. Read more Dropping UK house prices won’t dent our confidence in buy-to-let The number of landlords has increased 27 per cent in the past five years, up from 1.97 million in 2011-12, research by London-focused estate agent Ludlow Thompson found. Landlords now own an average of 1.8 buy-to-let properties each – a figure that has risen for the fifth consecutive year. The data suggests that landlords continue to see residential property, especially in London, as a strong investment, despite signs that house price growth has stalled or even gone into reverse in … [Read more...] about Housing market: Number of buy-to-let landlords reaches record high despite tax hike
Nearly one in four Londoners believe there will be a housing crash in the next two years, according to a new YouGov survey. Despite a drop in prices in parts of the capital over recent months, 23 per cent of the city’s residents said the country is headed towards a crisis. The survey, published by property marketplace The House Shop, asked Londoners if, and when, they believed the UK housing market would experience a crash. The results also showed that over half of Londoners believe there will be a crash within the next 5 years. The survey found that older generations were more confident in the stability of the market, while younger generations were more likely to believe there would be a housing crisis in the near future. Read more: London property sale prices fall as rental values slump Nick Marr, co-founder of TheHouseShop.com, said that the city’s soaring prices, which are out of reach for many younger residents, help explain the survey’s outcome. “It is not … [Read more...] about One in four Londoners predict housing market crash
One year ago yesterday (April 4), the UK was gripped by a very Cambridge kind of excitement when Latin graffiti protesting the iniquity of the city’s housing market was daubed on new townhouses. On April 4 last year, residents in Water Street in Cambridge awoke to discover a vigilante artist had scrawled huge letters across the brand-new homes. The messages, roughly translated as ‘Homes for local people,’ grabbed headlines in the city and across the country. It appeared to be protesting the lack of affordable houses in the city. The vandalised houses cost £1.25m each. Housing experts and campaigners stepped up to voice fears about the housing market in Cambridge and the difficulty for people being priced out of the city. An anarchist protest group even visited the city calling for more affordable housing. But, a year after the graffiti turned up, has anything changed in the city? Houses are still super expensive The city’s average house price now stands at … [Read more...] about A year on from Latin graffiti attack, what’s changed in our housing market?
A Hometrack report provided further signs that London’s long housing boom is coming to an end.Prices across the capital will start falling by mid-year, the research company predicted, just two weeks after broker Savills Plc said values are already dropping at the fastest pace since the depths of the recession. Hometrack said that Brexit and tax changes aimed at slowing the rampant real estate market in London and the southeast are finally forcing vendors to cut asking prices.“This is a result of tax changes impacting overseas and domestic investors and stretched affordability for owner-occupiers that has been compounded by Brexit uncertainty,” said Richard Donnell, insight director at Hometrack. “Prices are next to follow.”House prices are already growing at their slowest pace in seven years across London, and fell in 42 percent of postcodes in February, the most since the global financial crisis, Hometrack said.London is among the U.K. cities hit hardest … [Read more...] about London’s Housing Market Shows More Signs of Being in Doldrums