Categories:

Buy-to-letDevelopmentEstate agencyFinancial PR agencyHouse pricesMortgagesProperty finderProperty softwareRemovalsUncategorized

Archive:

Tags:

1.99 per cent25-year fixA-level resultsaccidental landlordsaffordabilityAnderson HarrisAnthony Ward ThomasArchbishop of CanterburyArlaAusPodAussie Man & VanAutumn Statementavoidable mistakesBank of EnglandbanksBarclaysbase ratebase-rate trackersBathBBC BreakfastBBC Radio Four Money Box LiveBien MediaBien Media clientBlog writingborrowersBrexitBristolBudgetBudget 2013buy-to-letbuyersChancellor of the ExchequerCharles Rickardscheap creditcheap mortgagesCMLCo-operative BankCouncil of Mortgage LendersCovent Gardencredit crunchcredit scoringcriteriacyclingDaily Telegraphdepositdepositsdiscretionary investment servicedouble-dip recessionearly redemption chargeEaton PlaceequityEric PicklesErnst & Young ITEM Clubestate agentestate agentsexpensive letting agentsFairbairn Private Bankfamily homesfamily-friendly tenanciesfinancial PRfinancial PR agencyFinancial Services AuthorityFinancial Timesfirst-time buyerFirst-time buyersfive-year fixesfixed-rate mortgagesflat out like a lizard drinkingforbearanceFTSBEFTSEfunding for lendingGabby Adlergeneral electionGovernmentGross Mortgage LendingGuy MeacockHalifaxHalifax house price indexHelp to BuyHelp to Buy 2Help to Buy Isahigh loan-to-valuehigh-value homeshigher funding costsHome FusionhomeownerHouse Beautifulhouse priceshouse saleshousing boomhousing ladderhousing marketHPIIMFInflationING Directinterest ratesinterest-only mortgagesJeremy LeafJeremy Leaf & CoJonathan AdamsJonathan Harrislandlordslenderslendingletting agent feesletting agentslettings agentlettings agents' feesLibor fixingloan-to-valueloan-to-valuesLondonLondon house pricesLondon Rock Capitallonger-term fixesLouise ReynoldsLTVsman and vanman and van removalsManchester Building SocietyMark CarneyMark HarrisMark ProutMayfairmedia relationsMelanie BienMIGMMRmodest depositsMonetary Policy CommitteeMoney BoxMoney Box Livemortgagemortgage and property PR agencymortgage brokermortgage brokersmortgage financemortgage lendingMortgage Market Reviewmortgage prisonersmortgage ratesMortgagesmulti-million pound propertiesMy first millionNapier WattNationwideNationwide House Price Indexnationwide removals serviceNedbank Private Wealthnew buildnew clientnew homesnew purchasesNewBuy GuaranteeNewBuy mortgagesNewcastle building societyNicholas AyreOffice for National StatisticsOffice of National StatisticsOlympicsONS house pricesportingpositive outlookPRPR companyPR Consultancypress coverageprime central LondonPrime Central London estate agencyPrime Purchaseprivate bankingpropertiespropertyproperty finance specialistproperty finderproperty marketproperty techquantitative easingQueen's SpeechRadio 4Radio Four Money BoxReferendumrelocatingremortgagesRemortgagingremovalsRentifyrentsrepayment strategyrepayment vehiclerepossessionsresidential propertyretirementRichmond-upon-ThamesRICsRightmovesaversschool catchment areassecond stepperssecuritisationself-storagesocial media presenceSPF Private ClientsStamp Dutystart-upstressfulstrong rental yieldsStudent Removals servicesummerSVRSwap ratesTescotrackertwo-year fixed rateundergraduatesVanHanWall Street JournalWhite PaperWigwamm
27 Friday Sep 2013

London house prices surge ahead, says financial PR agency client Posted by:

House-price growth accelerated by 5 per cent in the UK in September, according to Nationwide, with London at an all-time high.

Bien Media client Nicholas Ayre, managing director of property finder Home Fusion, comments: “The 10 per cent double-digit growth in London house prices in the third quarter clearly illustrates that the capital’s housing market is outstripping the rest of the country. You have the London market and then you have everywhere else.

‘The gap between north and south has become more pronounced than ever even though prices rose in every region in the UK, suggesting the recovery is becoming more broad based.

‘It is no wonder that George Osborne is getting twitchy and giving the Bank of England powers to put the brakes on Help to Buy if it gets out of hands. Although fears of a house-price bubble are overstated, it’s important not to be complacent. A bubble implies that people are buying anything at any price and they aren’t but the fear is that if demand continues to surge at the levels we are seeing, this will start to happen. Potentially reducing the cap at which borrowers can buy under the second part of Help to Buy to less than £600,000 might make a lot of sense.

‘Despite the latest jump in house prices, this will be a long, slow recovery. Much ground has been lost and transactions and lending levels are running at a fraction of what they were at the height of the housing boom. The problem continues to be limited housing supply: not enough is being built, which results in rising prices. Domestic demand remains strong but some of the bigger schemes are also being driven by offshore demand, and this is pushing prices higher still.’