The subject of Brexit is never far away from the housing agenda at the moment and this is particularly true in London. Since Brexit, house prices in London, especially at the luxury-end of the market, have been falling and this is causing estate agents to get a bit twitchy and nervous. In light of this, the City and Westminster Property Associations have submitted a 52-point manifesto that is aimed at keeping London globally competitive as a property market once Article 50 is finally activated. The Association represents 420 landlords, developers and investors and includes big players such as British Land,…Read more..
Christmas has never been a great time to sell your house and naturally, the market slows down. However, the New Year is a different ball game completely and many homeowners, spurred on by their New Year’s resolutions, will be looking to place their house on the market and go in search of their dream new home. If you’re one of these people, what’s the best way to get ready? Here are our top 5 tips for selling your home in the New Year. 1. De-Christmas your home and evaluate what quick and cheap improvements that you can do. Having a…Read more..
It’s a well reported fact that property prices are now rising faster than wages so it’s little wonder that affordable housing has become such a hot topic. Back in January, the Prime Minister of the time, David Cameron vowed that the government would embark on a programme of building thousands of new affordable homes and that £1.2 billion would be set aside for the next five years to build starter homes that first-time buyers could afford. So, as we approach 2017, what does affordable housing really look like? Well, one of the government’s definitions of affordable is that it should…Read more..
Some luxury London residential properties are being slashed by as much as six figures to get a sale in the wake of Brexit, according to property analysts LonRes. In the area known as the ‘golden triangle’ which incorporates postcodes around Kensington, Knightsbridge and Mayfair, the average house price cut is Just over £171K. Similarly, in homes across the Zone 1 and Zone 2 areas of London, house price cuts are just over £100K compared to around £59K this time last year. Since Brexit, LonRes has calculated that around 46% of homes in central London that were up for sale…Read more..