United Kingdom - Real Estate

Re: United Kingdom - Real Estate

Postby winston » Sat May 27, 2017 9:30 am

London's hottest home markets suffer price cuts

"Peripheral areas, which buyers turned to when inner London became too expensive, have seen considerable inflation recently and reached a point where affordability is stretched,"


He estimates that prices in the capital will stagnate this year for the first time since 2009 before rising 3 per cent in 2018."


Values need to correct after the average price-to-earnings ratio for first-time buyers hit a record high of 10.1 at the end of last year,


"Even if prices fall by 20 per cent this would still leave them looking expensive at eight times average income."


Source: Business Times

http://www.businesstimes.com.sg/real-es ... =EREC-16-1[BT_Newsletter_1]-20170527-[London%27s+hottest+home+markets+suffer+price+cuts]&xts=538380
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Sun Jun 11, 2017 7:38 am

London property does not get vote of Hong Kong investors after election shock

Uncertainty arising from hung parliament adds to fears over terrorism and crucial Brexit talks

Source: SCMP

http://www.scmp.com/property/internatio ... tors-after
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Tue Aug 15, 2017 1:42 pm

London Properties - Going nowhere?

i) Savills: Prices will not rise until 2019
ii) Hard Brexit: 9,000 jobs axed immediately (1.1m jobs affected)
iii) London's population @ 8.7m. New households @ 50k pa. Supply 20k pa
iv) CEBR: Property prices in London to fall 6% in 2017
v) Molior: Homes built without buyer secured - 10,829; 24% rise yoy
vi) Molior: 2 years to sell homes under construction
vii) Rightmove: Decline of 5% by end 2017
viii) Prices surged about 86% since 2009
ix) Knight Frank: Prices will be flat for 2017
x) Expensive homes in Inner London -4.2% yoy; Cheaper outer suburbs +1.7%
xi) Second referendum on Brexit?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Mon Nov 20, 2017 8:04 am

New foundations in UK

British Chancellor of the Exchequer Philip Hammond will pledge to speed up building homes when he presents his budget on Wednesday.

That comes with him saying he has some room to help voters despite public finances being squeezed, The Sunday Times reported.

Hammond, under pressure to help a weakened Prime Minister Theresa May with his tax and spending plans even as the economy slows after last year's Brexit vote, told the newspaper he will target the construction of 300,000 homes a year.

The number of new homes in England rose to 217,350 last year - the highest in nearly 10 years.

May has said she wants to help younger people, many of whom fear they will not achieve the living standards of their parents' generation.

Source: REUTERS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby behappyalways » Fri Dec 01, 2017 8:20 pm

Four in 10 London Homesellers Are Cutting Prices
https://www.bloomberg.com/news/articles ... ugh-market
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: United Kingdom - Real Estate

Postby winston » Tue Aug 14, 2018 7:37 am

UK house prices are on the longest losing streak since the financial crisis

UK house prices fell for a fifth month in a row in July, the longest stretch of declines since the financial crisis.

The number of sales in the second quarter falling by 7 per cent from a year earlier and prices declining in almost two-thirds of the capital’s boroughs.

London, where the average house price is more than double the national average, has been hit harder than the rest of the country.


Source: SCMP

https://www.scmp.com/property/internati ... ial-crisis
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Wed Oct 03, 2018 7:42 am

Asians still viewing London as property investment hotspot

But capital controls have slowed mainland interest in the UK capital

They sought to take advantage of the weak pound and comparatively attractive yields, though maintained confidence in the long-term health of the UK economy.


Source: SCMP

https://www.scmp.com/property/hong-kong ... nt-hotspot
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Wed Nov 21, 2018 7:52 am

London’s stockpile of unsold homes jumps almost 50%

The number in the capital jumped to 2,374 units as of Sept 30, the most on record and up from 1,595 at the end of 2017.

It now takes the average Londoner 14.5 times their annual salary to purchase a home, the highest multiple ever, according to Hometrack.


Source: Bloomberg

https://www.thestar.com.my/business/bus ... srFzmvH.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby winston » Thu May 23, 2019 7:53 am

London property prices will fall, poll predicts

UKs expensive housing market has so far weathered the uncertainty from the planned departure from the European Union, but prices are unlikely to rise sharply and will fall in London this year, a Reuters poll found.

Brexit uncertainty has affected property prices in the capital – long a magnet for foreign speculators – as people have shied away from investing, despite a fall in sterling since the referendum making UK housing a relatively cheaper investment.

Real estate agent Foxtons said UK property sales were running at record lows due to the impact of Brexit on consumer confidence.

According to the May 10 to 21 Reuters poll, prices will drop by 2 percent in London this year, the same median forecast given in a February survey.

But that might not be a bad thing for buyers. When asked to describe the level of London house prices on a scale of 1 to 10, the average response was 8.5, higher than in previous surveys.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0522&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: United Kingdom - Real Estate

Postby behappyalways » Fri Mar 27, 2020 6:14 pm

UK tells people not to move as housing market freezes
https://www.reuters.com/article/us-heal ... SKBN21E0P7
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to AMERICAS & EUROPE: Data, News & Commentaries

Who is online

Users browsing this forum: No registered users and 3 guests