Construction industry growing despite claims of Brexit slowdown

Construction industry growing despite claims of Brexit slowdown

Despite complaints that Brexit uncertainty is negatively impacting the UK’s construction industry, experts show that the market is actually growing.   According to the latest Builders Merchant Index, which uses data from sales by merchants to builders and other trades, construction is currently showing “year on year growth of 5.4%”....

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EU complaint made over £1.5b “unlawful aid” for Earl’s Court plan

In a formal complaint to the EU Commission, local residents have accused Hammersmith & Fulham Council of underselling the value of the Earl’s Court regeneration by not tendering the project when the land was sold to developers Capco in 2012. Residents have lodged a formal complaint with the EU Commission...

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Third of property asking prices in Kensington & Chelsea cut

Third of property asking prices in Kensington & Chelsea cut

More properties in the Royal Borough of Kensington & Chelsea (RBKC) have had their prices cut since coming to the market than anywhere else in London.   Property analysis firm, Propcision, has released new research which shows that in Earl’s Court alone, “roughly 40% of properties listed for sale”, have...

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London at risk of property bubble

London, alongside Hong Kong, is one the global cities most at risk of a property bubble, UBS analysts have found. In the UBS Global Real Estate Bubble Index report, released on the 29th of October, UBS writes that London is “at risk of a bubble as a result of explosive...

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RBKC considers its limited options on ‘Buy to Leave’ properties

In a recently published report, it emerged that Kensington and Chelsea council have examined the extent of ‘Buy to Leave’ residential properties in the borough, and are considering the options open to them that could discourage this behaviour. The council defined ‘Buy to Leave’ properties as those which the owner...

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The Harrods Effect

Report finds property price plateau centred on Harrods, underlining its role in making knightsbridge a premium address.    Harrods Estates highlights that for many years property experts have observed that wealthy purchasers and tenants from around the world have wanted to live as close as possible to the world famous...

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Help to Buy: helping everywhere except London

First time buyers are rushing to take advantage of the government’s Help to Buy scheme, 82% of completed purchases were made by first-time buyers. This could be due to the fact that the average cost for purchasing a house on the scheme is around £187,800 which is significantly below the...

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London and the Royal Borough leads UK property slowdown

As London home sellers reduce their asking prices in the largest cut in over six years this August, experts have been arguing that there are strong signs that the London property market is finally beginning to cool down. House values in the capital have fallen 5.9% in the largest drop...

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Online or On Hand: 21st Century conveyancing

Online or On Hand: 21st Century conveyancing

The listing of on-line conveyancing service ‘In-Deed Online’ on the AIM market in June heralded the coming of age of on-line conveyancing (www.in-deed.net). In-Deed was founded by founder of RightMove, Harry Hill, and Peter Gordon, former partner at private equity group 3i. The quote from Phil Spencer (of TV property...

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Buy to Let – don’t risk becoming a victim of mortgage fraud

Buy to Let – don’t risk becoming a victim of mortgage fraud

A defendant was jailed earlier in July for stealing the identities of landlords and attempting to take out mortgages in their names.  This is technically known as ‘Property Title Fraud’ and the fraudster takes out the mortgage against the landlord’s property title, pockets the money and leaves the landlord (the...

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