There’s a problem in London’s high-end property market – people just aren’t as keen on luxury property as they were a year ago.
Britain's house price bubble
UK house price indices
The Halifax and Nationwide indices are based on each lender's mortgage approvals, and exclude cash sales. Both are 'seasonally-adjusted' – the market is slower in winter and busier in spring. The Rightmove index is based on sellers' initial asking pricess, and the DCLG (Dept for Communities and Local Government) index is based on data including house prices, mortgages, transactions and land prices.
From Merryn's blog
For anyone investing in or building property today, Birmingham is clearly a better place to be doing it than London, says Merryn Somerset Webb.
The problem in the UK housing market is not a shortage of housing but a surplus of speculation called by very low interest rates. Solve that, says Merryn Somerset Webb, and you solve the “housing crisis”.
Stamp duty is one of the worst taxes we have, says Merryn Somerset Webb. Philip Hammond should replace it with an inflation-linked capital gains tax on primary homes.
Last week’s Budget contained yet more bad news for the buy-to-let sector. Big landlords will now be subject to the new “second home” stamp duty surcharge of three percentage points.
With buy-to-let property becoming less and less appealing, landlords are hunting around for other options – such as holiday lets. But are they worth it?
There’s one area that may be flashing a warning sign for the rest of London’s red hot housing market, says Matthew Partridge – new-builds.
House prices in London are well above their pre-2008 peaks. But it looks like things are about to change. Matthew Partridge explains what’s in store for London property.
Property crowdfunding products aimed at first time buyers don’t help anyone, says Merryn Somerset Webb. They just add an extra slice of personal financial risk.
The future for London house prices is very clear, says Merryn Somerset Webb: they will crash.
The chancellor has made it clear that he has buy-to-let investors firmly in his sights. John Stepek explains what it means for the economy, and for the property market.
Swiss bank UBS has compiled an index of the most bubbly housing markets in the world. No prizes for guessing who comes top.
Business is booming for housebuilders, with over 150,000 homes built last year. John Stepek looks at what that means for Britain’s sky-high house prices.
Attitudes to property are shifting. Now, most people believe a fall in house prices would be a good thing. And that’s bad news for buy-to-let investors, says John Stepek.
Don't buy that house!
The positive climate surrounding the buy-to-let sector is unravelling – fast. A rash move now and you could pay a heavy price.
To avoid the time bomb at the heart of this sector you need to read our new investment report.
It’ll arm you with everyone you need to become a well-informed buy-to-let investor.
|Click here to find out more|