Category: London Property
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London’s Cheapest Boroughs for New Builds Revealed
Thinking of buying a new build in London but worried about sky-high prices? New research has revealed the boroughs where you can still get a brand new home without breaking the bank. Forget fancy central locations, it’s all about heading to the ‘burbs! Havering, in East London, topped the charts with the most affordable new…
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London Rental Market Booming Chestertons Reports
The London rental market is absolutely sizzling right now, with landlords set to benefit from a surge in demand from desperate tenants. Tenants are flocking to London According to the agency Chestertons, there’s been a massive 22% jump in tenants making offers on properties in July compared to the previous month. That’s on top of…
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Living by the Park – How Much Does Green Space Increase London House Prices?
Fancy waking up to birdsong and leafy views in the heart of London? Be prepared to dig deep! Living near one of the capital’s most beloved parks could add over 50% to your house price, according to new research. Estate agents Foxtons have revealed just how much those green spaces add to the value of…
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London House Prices Climb Back Above £530,000
London house prices have finally started to rise again after stalling last year. The average price of a property in London has gone up by 0.2% since this time last year. That might not sound like much, but it means the average London home will now set you back £536,300! This increase, revealed in Zoopla’s…
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London Calling! First-Time Buyers Flock Back to the Capital
Cheaper mortgages and a desire to escape sky-high rents have brought first-time buyers back to London in droves, new figures reveal. 48% of house hunters in the capital at the start of this year were taking their first step on the property ladder, according to estate agent data analysed by Hamptons. That’s the highest proportion…
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London Renters Battling it Out as Demand Soars
Renters in London are facing a cutthroat market as competition for properties reaches boiling point. According to lettings agency Chestertons, there’s been a massive surge in tenant activity this summer. The number of offers being made on rental properties has skyrocketed by 22% compared to June. And it’s not just offers – even enquiries about…
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London Home Sellers Overpricing Houses by Average of 5%
Asking prices in the capital are consistently higher than buyers are willing to pay. Sellers in the capital beware – you are likely overpricing your property. New data from property website Upstix has revealed that homes in London are currently selling for 5% less than their listed price. This means if you are selling a…
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London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…
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London Rental Market is “Pressure Cooker”
London rents are soaring while house prices are staying flat, leaving many feeling squeezed. While London property prices might not be skyrocketing, rents are going through the roof, reaching £2,114 per month on average. That’s a jump of nearly 10% in just a year! And experts are warning that the pressure is mounting for everyone…
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London House Prices Fall but Sales Rise After Election
Good news for Londoners looking to sell their homes: after a slow start to the summer, the capital’s property market is bouncing back, with sales rising following the general election. The number of homes sold in July 2024 was almost 9% higher than in July 2023, according to property experts LonRes. This surge in activity…