Buying London is grotesque TV but it shows the capital's property market for what it is | Elle Hunt
The Netflix series 'Buying London' sheds light on the super-prime property market, exposing the forces shaping the city and those profiting from it. [ more ]
China to cut mortgage rates as part of plan to prop up property market
China is implementing drastic measures, including cutting mortgage rates and supporting affordable housing, to stabilize the faltering property market. [ more ]
Developers at the London New Home Show are offering discounts on house deposits to boost the property market.
Incentives such as cashbacks and promotions are being offered to first-time buyers who may find it difficult to get on the London property ladder. [ more ]
New data reveals which homeowners made the most by selling up in 2023
Homeowners made average gains in 2023: Detached - 137,000, Bungalow - 102,000, Semi-detached - 81,000, Terraced - 65,000, Flat - 30,000.
Homeowners with bungalows typically left 11 years between moves, compared to 10 years for detached homes, and 9 years for semi-detached, terraced homes, or flats. [ more ]
The areas that saw the biggest house price jumps and drops revealed
The local authority areas with the highest concentrations of homes increasing in value by 5% or more in 2023 are Rossendale, Blackburn with Darwen, Telford and Wrekin, Merthyr Tydfil, Burnley, Bolton, Inverclyde, Glasgow City, Carlisle, and Knowsley.
The areas with the highest concentration of homes with value loss of 5% or more are Dover, Hastings, Aberdeen City, Canterbury, Thanet, Rother, Folkestone & Hythe, Tendring, Moray, and South Holland. [ more ]
'Piece of Art': Ralph Twitchell-Designed Home in Sarasota Hits the Market for $2.1M
Ralph Twitchell's midcentury modern home in Sarasota is on the market for $2,150,000.
The home features two pavilions around an open courtyard with floor-to-ceiling glass walls, maintaining a true midcentury modern design aesthetic. [ more ]
Over 6,000 incomplete ghost houses' across London as property market takes downturn
Construction work at 61 house-building sites in London has been halted, leaving over 6,000 half-built homes abandoned.
The number of stalled schemes is unprecedented in recent history, with only 10 schemes put on hold during the financial crisis in 2008 and 2009. [ more ]
Tories to promise more help for first-time buyers in bid to turn around polling woes
The Conservatives will seek to cut costs for first-time property buyers in an appeal to younger voters ahead of the general election, as the number of people becoming homeowners falls to a 10-year low.
Estimated number of London leavers' slumps to nine-year low in 2023
NewsSportBusinessLifestyleCultureGoing OutHomes & PropertyComment The number of homes bought by Londoners outside the capital fell to 69,190 in 2023 according to estate agent Hamptons, the lowest figure since 2014 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index.