United Kingdom - Real Estate

[behappyalways]

(probably true for the rest of the world with mortgages)


Rate rise to 3pc in 2018 would make 800,000 borrowers 'mortgage prisoners'
http://www.telegraph.co.uk/finance/pers ... ation.html

[behappyalways]

Homeowners slash house prices in largest-ever summer sale
http://www.telegraph.co.uk/finance/econ ... -sale.html

[winston]

London Home Asking Prices Plunge Most in More Than Six Years By Jillian Ward

London home sellers cut asking prices by the most in more than six years this month, adding to signs that the property market in the U.K. capital is coming off the boil.

London values fell 5.9 percent from the previous month to an average 552,783 pounds ($922,300), the biggest drop since December 2007, property website Rightmove Plc said today.

Nationally, prices declined 2.9 percent, a record for an August.

http://www.bloomberg.com/news/2014-08-1 ... id=markets

[winston]

London house prices fall for first time in more than 3 years

LONDON: London house prices fell last month for the first time in more than three years, and prices nationwide showed their smallest increase in 15 months, a major house price survey showed on Thursday.

http://www.thestar.com.my/Business/Busi ... ince-2011/

[behappyalways]

The most worrying statistic he cites is that there are 41,000 "units" being built in London over £1m but last year only 3,000 homes were sold for more than a million.

Jim Mellon: This stat tells you why London house prices are falling
http://www.telegraph.co.uk/finance/pers ... -fall.html

[behappyalways]

England to be 1m homes short of housing its people by 2025
http://www.telegraph.co.uk/finance/prop ... -2025.html

[behappyalways]

Housing market grinds to a halt as sales hit lowest level since 1978
http://www.telegraph.co.uk/finance/prop ... -1978.html

[behappyalways]

End of cheap mortgage boom as big banks raise rates
http://www.telegraph.co.uk/finance/pers ... rates.html

[behappyalways]

Why can't Britain build enough homes to meet demand?
http://www.bbc.com/news/business-33539816

[behappyalways]

Almost 10,000 shops left vacant for more than three years as landlords struggle to fill units
http://www.telegraph.co.uk/finance/news ... units.html