Tags » London Property

London agent offers the chance to sell for free as agent fees top £9k

The average estate agent fee for selling a London home now tops £9,000, according to Portico London Estate Agents, as it offers the chance for one lucky person to sell their house for free. 252 more words

Portico Property Agents

London Estate agents' profits fall by up to 98% in a post-Brexit referendum world

Article is here.

Countrywide’s profits are down 98% (!) and Foxton’s is down 64%. Wow. Why? Put simply, almost nobody is buying and nobody is selling, at least not through these estate agents. 38 more words

London Property

House prices can only go up if there is more money available - so what determines how much money is available?

How much money is available is determined by a number of factors: the two key factors are interest rates and wages.

Interest rates:

Interest rates need to be low. 509 more words

London Property

Could London property prices crash by 40%?

Yes, according to Paul Cheshire, Professor of Economic Geography at the London School of Economics. Article is here.

The trigger seems to be when wage increases don’t keep up with inflation. 290 more words

London Property

Buy-to-let purchases fall by 50% year on year

Article is here

Scary numbers but why are they happening?

Numbers are always interesting but what is more interesting are the reasons behind them. Put bluntly: purchases are down because people think they can’t make money in buy-to-let anymore. 370 more words

London Property

Property prices in London fell 2.4% in June

According to this article here.

The real question is why? Despite inflation going up to 2.9%, interest rates remain unchanged. See article on this:  362 more words

London Property

An Open Letter to James Cleverly, MP

Dear James,

One of my Conservative-voting friends liked your Facebook post yesterday about why you voted against the housing bill. I just want to clear up why, in the aftermath of the Grenfell fire, I (and many others) am directing my anger partially towards you and those who voted with you, and to address some of the things written in the comments of that post.  1,475 more words