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.
With a general election looming in Britain, property is becoming a political issue. That’s bad news for buy-to-let investors, says John Stepek.
The Bank of England has made it clear that interest rates will rise in 2015. So if you own a home, or plan to buy one, fix your mortgage now.
Kam Patel examines the main points of George Osborne’s Autumn Statement, in which he revamped stamp duty and made changes to Isas and pensions.
House prices may have hit record levels, but they are finally starting to fall as buyers lose their enthusiasm. Matthew Partridge looks at what’s in store for the property market.
After years of rises, the UK’s house-price bubble may finally be bursting. Matthew Partridge looks at what’s going on in Britain’s property market.
Ed Miliband’s proposed mansion tax is a ridiculous idea, says Merryn Somerset Webb. It is impractical, expensive to collect, and will lead to a whole lot of unintended consequences.
London’s property market may still seem strong. But in reality, things aren’t so rosy. Matthew Partridge looks at how much longer London’s house-price bubble can run.
London is in the middle of a property bubble. It’s inevitable that prices will fall. And it could happen sooner than many people think, says Matthew Partridge.
New-build houses in Britain are among the smallest in Europe. But that’s not the real problem, says Merryn Somerset Webb.
Britain not only needs more houses, it needs bigger houses, says Matthew Lynn. The solution, however, may not be popular with everyone.
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|