Li Ka-shing says does not expect HK property prices to fall – Reuters UK

Hong Kong officials do not expect to see any lasting decreases in property prices within the district. 2016 showed a reliable and steady increase from previous years, and there should be nothing to suggest that anything other than a rise could occur. Three different areas reported a stable rise within the CK HH LTD., which […]

UK house prices add another £13k on last year | This is Money – This is Money

The UK housing market after Brexit was a concern for most home sellers specifically in the markets of South East and London. However, the England market has seemed to show considerable growth despite the appearance of the political landscape. The annual change percentage for the markets in the UK went from 2.2% in the North […]

Your new house nightmares: Black mouldstains, builders’ mugs left behind and leaks EVERYWHERE as buyers of new … – Daily Mail

New homeowners across the country are reporting major problems with their newly built houses caused by unfinished or poor quality work. Per a report authored by the Parliamentary Group for Excellence in the Built Environment, problems are reported by 93 percent of new home purchasers to their developers. This problem affects approximately 15,500 home buyers […]

Property Prices Continue Rise Despite Brexit – Residentiallandlord.co.uk

In the countdown to the deadline for the UK to trigger Article 50 and thus take the next step forward with Brexit, there has been much uncertainty. One market that has maintained unexpected growth over the past year is real estate. England’s growth rate is much higher than the rate seen in Wales, which saw […]

These are the three London areas where house prices fell in January – City A.M.

In 2014, the stamp duty rates were increased in London. This increase in taxes has hit buyers purchasing houses that cost more than one-million pounds the most. One side effect of this tax increase is that people overseas are purchasing expensive London homes less often. For houses that are traditionally less expensive, they have seen […]

UK average annual rents fall for first time in six years – The Guardian

For the first time since 2011, annual rental rates in the UK have decreased from one year ago. February 2017 saw a small decrease from February 2016. Experts indicate that the flurry of activity ahead of the stamp duty increase last year is at least partially responsible, as it created a sharp increase in the […]

Property prices in Scotland up 4% year on year – Property Wire

Property prices are continuing to rise in most parts of Scotland. While the year over year averages are positive, the end of 2016 saw several months with negative gains. Aberdeen is an outlier to the trend with decreases reported since the summer of 2015. Detached properties saw the strongest growth rate, and former owner occupiers […]

UK mortgage approvals hit 12-month high in January – BBA – Reuters

New figures from the British Bankers Association show that banks approved the highest number of mortgages in a year last month, whilst credit card lending partly revived after a lull in December. The Association said its members gave the green light to 44,657 mortgages in January, up from 43,581 in December and the highest number […]

Getting house sellers to pay stamp duty instead of first-time buyers sounds good – but there’s a big catch – The Independent

Economist Andrew McPhillips recently suggested that chancellor Phillip Hammond should make sellers rather than buyers pay stamp duty. This raises the question, won’t sellers then increase their asking price comparatively? Ben Chu discusses similar scenarios (such as VAT, where businesses generally offset any potential loss by increasing prices) to see who ultimately ends up footing […]

New rents in UK up 2.6% in January – Mortgage Introducer

New rents in the UK rose by 2.6% in January. This was the highest January rise for two years. Rent prices continued to fall in London however, but grew in other areas of the country. The area with the highest year on year increase was Wales, which showed a growth of 8.8%. The highest rents […]