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The Latest Breaking News on Prime London property: house prices in most expensive areas close to bottoming out

Prime London property: house prices in most expensive areas close to bottoming out

House prices in London’s most expensive areas could be close to rock bottom and set to rise again after a turbulent year.

Evening Standard

Tories to promise help for first-time buyers in effort to lure voters, say reports

Conservatives also reportedly planning to cut inheritance tax in three months’ time, as party struggles badly in polls

The Guardian - UK

Estimated number of ‘London leavers’ slumps to nine-year low in 2023

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

Evening Standard

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People claiming benefits locked out of private rented sector, research shows

SHOCKING new research shows that 92 of the private rented sector in Scotland is unaffordable for people claiming benefits.

The National (Scotland)

Cashing in? The mortgage-free landlords who are raising the rent anyway

Majority of letters with no exposure to rising interest rates are demanding more money in new tenancy agreements

The Guardian - UK

UK sees rent rise at a record rate. These areas have been hit the hardest

The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics

The Independent UK

UK sees annual house price fall for first time in a decade with London homes down 1.1%

The average London house price fell to £537,000 in the 12 months to September 2023, according to the Office for National Statistics.

Evening Standard

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London's downsizing problem: a third of London Boomers have bigger homes than they need but nowhere to move

A third of London’s over-65s admit to living in a home that’s bigger than they need - so why aren’t they downsizing?

Evening Standard

Mortgage-free and not moving: the London boroughs where outright home ownership has soared

More than half of owner-occupied London properties have no outstanding debt, putting the housing market at risk of stagnation

Evening Standard

Five charts explaining the state of the UK’s rental sector

Britain’s rent crisis in numbers, measuring the increasing pressures on tenants over the past few years

The Guardian - UK

UK house asking prices in largest November fall since 2018; Opec insists oil market still strong – as it happened

Rolling overage of the latest economic and financial news, as Rightmove reports prices falling at the fastest rate in five years, for the time of year

The Guardian - UK

Landlords sell up in Great Britain as buy-to-let market sours

Owners sell to offset losses from tax changes and rate hikes, meaning fewer homes to rent and thus higher rents

The Guardian - UK

Sharp rise in landlords and homeowners in mortgage arrears, data shows

Number of buy to let mortgages in arrears doubles in a year as amateur landlords struggle with interest rate rises

The Guardian - UK

First-time buyer schemes: five ways to buy in London without a deposit

If owning a first home in the capital seems like a pipe dream, these five schemes could can bring it within reach

Evening Standard

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The Independent UK

House price decline may stabilise as end of year approaches

Royal Institution of Charted Surveyors’ latest findings suggest the overall pace of price declines has levelled off in recent weeks

The Independent UK

Pace of house price falls ‘showing signs of steadying as end of year approaches’

The Royal Institution of Charted Surveyors said its latest findings suggest the overall pace of price declines has levelled-off in recent weeks.

Evening Standard

Comment: 'Sellers who refuse to budge on price of substandard homes need to get real'

The tools to discern a fair price are at your fingertips so don't be afraid to use them and bargain hard

The Guardian - UK

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

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Evening Standard

Five-year house price forecast: how much could your London house be worth by 2028?

An average house in London could be worth over £70k more in five years time, but prices have further to fall first says Savills

The Independent UK

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

A lack of supply has strengthened prices in the short-term, mortgage providers said

Evening Standard

Average London house price down £1,600 despite national jump, says Halifax

Experts predict that house prices will keep on falling until at least 2024

The Independent UK

Average UK house price jumped by about £3,000 in October, says Halifax

A low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.

The Guardian - UK

UK house prices rise for first time since March amid supply shortages

Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax

The Guardian - UK

UK interest rate cuts expected in 2024; German recession risks rise as factories struggle; oil price drops – as it happened

The yield on UK government bonds drops as the City expects interest rates cuts next summer, as German factory output falls again

Evening Standard

House prices rose by 1.1% in October says Halifax

Bank says sellers are being cautious leading to few homes for sale

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