London Rental Property News for August 2008

Wandsworth borough gets behind eco-chimney scheme

The plan to construct a 300-metre high 'eco-chimney' on the site of Battersea Power Station is finding favour with the public and local authorities.

Read Article ... Published on 29th August, 2008

Tower Hamlets private school to attract families

The development of the London docklands' first private school is set to attract new families to the area.

Read Article ... Published on 29th August, 2008

Housing market 'shows little sign of recovery'

Leading economists have warned today that house prices will fall further, according to a report on 24dash.com.

Read Article ... Published on 28th August, 2008

Ramsey restaurant set to open in Camden

The opening of a new restaurant by a hot-headed TV chef could increase the number of people moving to Camden borough.

Read Article ... Published on 28th August, 2008

Huge regeneration project for east London

A further two major regeneration projects have been announced for east London, which could increase rental interest in the area.

Read Article ... Published on 28th August, 2008

Mayfair estate agent gives up on property sales

An estate agent based in the exclusive Mayfair area of London has given up selling property after 17 years in the business.

Read Article ... Published on 27th August, 2008

Stamp duty debate causing 'anxiety' in housing market

Speculation that the government could abolish stamp duty has caused "anxiety" in the housing market, according to one expert.

Read Article ... Published on 27th August, 2008

Buy-to-let properties are a 'passing phase'

House hunters in London have been advised to look at property as a home, rather than an investment by an industry expert.

Read Article ... Published on 27th August, 2008

Olympic handover for Hackney Borough

Residents of Hackney Borough celebrated on Sunday (August 25th) after the Olympic Handover held a party in Shoreditch Park.

Read Article ... Published on 26th August, 2008

Huge mortgage deposits could start capital renting boom

London residents looking to buy property in the capital have been hit by the news that a deposit of up £70,000 may be required.

Read Article ... Published on 26th August, 2008

Rental prices 'not particularly high'

Property rental prices, including those in London, are "not particularly high at the moment", according to one expert on the subject.

Read Article ... Published on 26th August, 2008

Property confidence deteriorates

More than three in four property experts believe that investment conditions in the UK are deteriorating, according to latest research.

Read Article ... Published on 22nd August, 2008

Stamp duty holiday a 'nightmare for homebuyers'

Potential homebuyers are being urged to rent or do their research before they invest rather than wait for relief from stamp duty reforms.

Read Article ... Published on 22nd August, 2008

House prices 'need to drop a third to be affordable'

House prices will need to drop by 35 per cent in order to be within reach of the average homebuyer, according to latest research.

Read Article ... Published on 22nd August, 2008

Over 3m turned down for mortgages

Over three million UK borrowers have been turned down for at least one mortgage or loan in the last 18 months, according to latest research.

Read Article ... Published on 21st August, 2008

New-build property prices continue slump

The average cost of new build property across the UK is falling, contributing to the property slump, according to research.

Read Article ... Published on 21st August, 2008

Housebuilder sees falling profits as more rent

Housebuilder Persimmon today (August 21st) announced a 64 per cent slump in profits as more people choose to rent property.

Read Article ... Published on 21st August, 2008

Dramatic fall predicted in lending market

Mortgage lending in the UK is predicted to fall dramatically in 2008 and continue to decline in 2009, according to latest reports.

Read Article ... Published on 20th August, 2008

House hunters fall to new low

The number of people searching for property to buy in the UK has fallen to a record low, according to latest research.

Read Article ... Published on 20th August, 2008

London rents falling

The cost of renting property in London has begun to fall as a number of new rental properties enter the market.

Read Article ... Published on 20th August, 2008

Weak property market sparks renting boom

A lack of demand in the property market has pushed up interest in property to rent in London, according to a latest survey.

Read Article ... Published on 19th August, 2008

Student rental boom

Buy-to-let landlords are attracting rental yields of over ten per cent in some of the UK's most popular university towns.

Read Article ... Published on 19th August, 2008

Complex stamp duty puts off buyers

Government confusion over stamp duty is putting buyers off purchasing property and encouraging more to stick to renting.

Read Article ... Published on 19th August, 2008

10,000 landlords in mortgage arrears

Over 10,000 landlords are more than three months behind on their mortgage payments, according to recent findings.

Read Article ... Published on 18th August, 2008

London property prices plummet

Those selling homes in London have seen thousands cut off their asking prices due to the current economic downturn.

Read Article ... Published on 18th August, 2008

Economic downturn prompts 'green shift'

Housebuyers that have been priced out of the London property market are moving to leafier commuter towns, according to latest reports.

Read Article ... Published on 18th August, 2008

Mortgage possessions up 17%

There has been a 17 per cent increase in the number of mortgage possession claims, according to the Ministry of Justice (MoJ).

Read Article ... Published on 15th August, 2008

Marylebone becomes desirable place to rent

Property in London's Marylebone has become the most recent area to be reclassified into the 'prime' bracket, according to one London estate agent.

Read Article ... Published on 15th August, 2008

London expansion 'could produce more rental property'

Experts are claiming that London's infrastructure should be significantly increased in order to tackle national housing inequality.

Read Article ... Published on 15th August, 2008

Renting spare rooms is 'missed opportunity'

Homeowners are missing out on £63.4 billion by not letting out their spare rooms to people who wish to rent property in London.

Read Article ... Published on 14th August, 2008

Home buying still 'out of reach' for many

Purchasing a home is still out of reach for many potential first-time buyers due to the housing crisis, meaning that more are choosing to rent houses and flats.

Read Article ... Published on 14th August, 2008

Drop in mortgage lending from building societies

The average building society in the UK has seen a dramatic drop in the number of new mortgages to home buyers, according to latest reports.

Read Article ... Published on 14th August, 2008

Boris calls for new London airport to ease congestion

London mayor Boris Johnson is calling for the development on a new London airport in order to reduce congestion in the capital's other five hubs.

Read Article ... Published on 13th August, 2008

New rules make buying property 'impossible'

New rules for valuing properties could make it harder for first-time buyers to get a mortgage, according to research by FirstRungNow.

Read Article ... Published on 13th August, 2008

Number of home loans halved

The property market showed further signs of weakness today (August 13th), after it emerged this week that house prices fell by 0.7 per cent between May and June.

Read Article ... Published on 13th August, 2008

Abramovich gets go-ahead for London 'palace'

Russian oligarch and owner of Chelsea Football Club Roman Abramovich has received planning permission create a £150 million property in London.

Read Article ... Published on 12th August, 2008

London rental demand remains strong

Rental demand in London and the outlying areas is remaining strong, according to London estate agent David Lancaster.

Read Article ... Published on 12th August, 2008

Mortgage lending falls 32%

Mortgage lending slumped by more than a third in the year to June as house price growth slowed, latest reports show.

Read Article ... Published on 12th August, 2008

Hips make property market 'more complex'

Home Information Packs (Hips) have made the property market more expensive and "more complex", according to latest research.

Read Article ... Published on 11th August, 2008

London house prices 'out of reach'

Despite the downturn in the economic climate, house prices in London are still rising, making it impossible for first-time buyers to get on the housing ladder.

Read Article ... Published on 11th August, 2008

Mayor to create 'clean and green' London

The mayor of London, Boris Johnson, has announced that he will encourage all Greater London Authority (GLA) staff to help to 'clean and green' the city.

Read Article ... Published on 11th August, 2008

Southwark housing development gets green light

A housing development in the London borough of Southwark has been given the green light, according to latest reports.

Read Article ... Published on 8th August, 2008

Home repossessions up 48%

The number of home repossessions in the UK property market has increased as more borrowers are slipping into arrears, according to a recent report.

Read Article ... Published on 8th August, 2008

Homeowner worries over stamp duty

Homeowners could be in for a shock as treasury officials have refused to confirm reports that they are examining ways to abolish stamp duty.

Read Article ... Published on 8th August, 2008

Westminster tops beauty stakes

Those living in Westminster, the City and Kensington and Chelsea have topped a survey of the most physically attractive.

Read Article ... Published on 7th August, 2008

Halifax: house prices continue to fall

House prices in the UK are continuing to fall, according to the latest House Price Index from Halifax.

Read Article ... Published on 7th August, 2008

Mortgage lenders push up fees

Mortgage lenders are pushing up fees in order to balance falling interest rates, according to latest research.

Read Article ... Published on 7th August, 2008

House sales down 50%

Property sales in Northern Ireland have dropped 50 per cent compared to the same time last year, according to research.

Read Article ... Published on 6th August, 2008

Rent in London suburbs 'booming'

An increasing number of people are choosing to rent property in the London suburbs, according to latest research.

Read Article ... Published on 6th August, 2008

Kensington and Chelsea parks get Green Flag

Popular parks in the London borough of Kensington and Chelsea have been awarded the prestigious Green Flag award.

Read Article ... Published on 6th August, 2008

Wandsworth redevelopment plans move ahead

Wandsworth Council has announced that plans are moving forward for a large property development in the Ransome's Dock area.

Read Article ... Published on 5th August, 2008

Age of first-time buyers increasing

The average age of first-time buyers in the UK is continuing to increase, according to research.

Read Article ... Published on 5th August, 2008

House prices 'could rise 30%'

House prices could soar over 30 per cent in the next three years, according to one leading economics consultancy.

Read Article ... Published on 5th August, 2008

Experts predict further house price slumps

Spread betters have predicted that UK house prices are expected to fall by almost 30 per cent in the next three years.

Read Article ... Published on 4th August, 2008

Rental yields boost property market

Rental yields for buy-to-let properties in the UK have remained steady at 6.4 per cent for the second consecutive month.

Read Article ... Published on 4th August, 2008

London rents fall by 20%

More people are being encouraged to rent property in London as rental prices are on the decline.

Read Article ... Published on 4th August, 2008

Prime London property continues decline

House prices in London fell for the third consecutive month in July, according to the latest study by London estate agent Knight Frank.

Read Article ... Published on 1st August, 2008

1.7m homeowners facing negative equity

Some one in seven homeowners are facing negative equity, according to research from credit agency Standard and Poors.

Read Article ... Published on 1st August, 2008

NAEA calls for urgent action over repossessions

The NAEA is calling on the government to take urgent action to address the number of home repossessions.

Read Article ... Published on 1st August, 2008

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