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Market Update
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Friday afternoon linkage - the east London council and the shipping container squattersHSBC makes noises about leaving UK [Mortgage Strategy]Newnham Council and the shipping container squatters [BBC]The battle of Trevalga [Prime Blog]And the battle for Battersea Power Station [Guardian]Four-bed bungalow, offers over one euro [Belfast Telegraph]Banks vulnerable to property market dip [Reuters]... If these walls could talk... Kylie editionThe Daily Mail takes readers on a tour of Kylie Minogue's Drayton Garden's flat, making much of the knockdown asking price (down from £4.5m to £3.95m in a matter of months). At £3.95m, it's competitively priced with the competition,... North and west London luxury home portal launched todayIt's called Fabric Property (is that weird? I think that's a bit weird... but it's named after Fabric magazine, which you'll know if you live in a favoured postcode) and it's run by a consortium of London agents, including some... Sell your house, and take the next 18 months offNever knowingly beaten to a gloomy headline, Capital Economics chose Nationwide Index day to hammer home a bearish house price forecast with the assertion that we're to lose the equivalent of an average salary off the value of our homes... Kings Cross skyscraper proposalStudent homes specialists Urbanest UK are behind the plans, backed by Kings Cross Central, and if the building goes ahead it will top out at 100m, making it the tallest in the Kings Cross area. Students from Central Saint Martins... Market report - second monthly Nationwide fallAugust showed a 0.9% fall in house prices, according to the Nationwide index, the second monthly fall in a row (and the only time there've been consecutive falls since February 2009). This leaves annual house price inflation down at 3.9%,... Estate agent round-up: one more Foxtons and one less FoxtonsTwo more days of Streatham as a Foxtons-free zone, and then it's F-Day, Saturday, and the High Street's old Jack Stamps pub will open its doors to the joyous, welcoming public. If it helps any, the first 200 locals to... Sir Barry banishedA "knight" who bought a title online while still a student has been kicked to the curb by Camden Council, after they'd discovered he owned homes in Bromley, Devon and Buckinghamshire, while claiming to be homeless and living - courtesy... Is Paul McKenna about to buy the Michael Jackson mansion?Some people think so. Owned by a super-wealthy industrialist and rented by Michael Jackson for a reported £60,000 a month leading up to his death, the Los Angeles mansion is apparently on the market for a whisker under £19m. Hypnotist... Market report - HometrackIn their latest survey, Hometrack reports a fall in house prices of 0.3%, following July's 0.1% drop. Annually, prices are still up 1.5%, but Hometrack analysts expect the current downward trend to continue for the next six to twelve months.... Tales from the property front line... it's alright for the landlords"There are no buyers," says the grim-faced estate agent. "Transaction levels are going through the floor." "Well at least you have the lettings side to see you through," I say cheerfully. "Ah yes, lettings", he says. "That's kept us... 4,500 more homes for sale a day"There are just over 900,000 homes for sale at present. New stock is being added at the rate of 4,500 a day," says Henry Pryor of Housingexpert.net. "June's and July's sales were up by roughly 10,000 a month on... Market report - Land RegistryThe Land Registry's July house price data shows a rise in the monthly index by 0.4%, leaving the annual inflation rate at 6.7%. In London, house prices are up 12.1% on the year, and there's significant geographical variation, from the... No such thing as a free lunch (or half-price Kensington townhouse)The house was valued at £2m, but it was about to sold for just over £1m when the "vendor" tried to withdraw the money using a fake driving license. Turns out the "vendor" was - in fact - the "tenant"...... Tonight's TV - nightmare tenantsYou've 15 minutes to stick on the telly and hunker down for Nightmare Tenants (ITV, 7.30pm), Jonathan Maitland telling tales of arrears, evictions and filthy French tenants who let pigeons move in with them. Alternatively, catch it later on ITV... |