Archive for June, 2014

London Property Bubble Set to Deflate

London Property Bubble Set to Deflate

London house prices have rocketed in the past year, and the average house price in the city now sits at around £460,000. This is bad news for the rest of Britain, and the EU commision last week attempted to intervene, telling cabinet ministers that there needs to be a policy rethink in the housing market.

The fevered market is partially driven by a shortage of homes, however, more important is the demand stoked by schemes like Help-to-Buy, low interest rates and ...

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London Homeowners Set to Become Millionaires if Boom Continues

London Homeowners Set to Become Millionaires if Boom Continues

The average property owned in London is set to be worth well over a million pounds in  five years if London property prices continue to rise at the current rate, research from online estate agent, eMoov.co.uk has revealed.

Recently released figures show that London property prices have soared by over 17 per cent in the past year, raising the already high average house price to a value of nearly £460,000, according to the Office for National Statistics.

Research by eMoov shows that ...

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The Ripple Effect

The Ripple Effect

Many people complain about the London housing market, claiming that the soaring prices are locking first -time buyers out the market, or that it’s a bubble being inflated by Help to Buy, a government-backed loan scheme for those who can’t afford a home at market price. There are questions being asked about the way the housing market’s going – with much of the focus on the UK capital and its booming property market.

However, recent research has shown that price rises ...

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