Tag: Islington
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Prime London Property Prices Slide in Q1, But Brighter Days May Be Ahead
In the first quarter of 2024, London’s high-end property market took a bit of a tumble. Prices in Prime Central London have fallen, marking a 3.9% decrease as investors and homeowners alike hold their breath for a potential rebound. However, experts are suggesting that this drop might just be a short detour on the road…
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Booming Growth Forecast for East Midlands and Greater London
The East Midlands and Greater London are poised to lead the UK in population growth, with each region expecting an impressive 12% increase by 2040. This statistic comes from a recent projection by Marrons, a planning and development consultancy. This growth will undoubtedly bring new challenges and opportunities for housing and infrastructure development in these…
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Swipe Right on Your Dream Home – Google-Backed AI App Hits London
A new player has entered the London property scene, promising to shake things up with the power of artificial intelligence. Jitty, an AI-powered property search app, has officially launched in the heart of the UK, bringing an innovative approach to finding the perfect home. Developed by a trio of visionaries formerly associated with Deliveroo in…
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6 London Areas Where House Prices Rose Last Year
Last year, London felt the brunt of the UK’s economic shifts more than any other region. A staggering 27 of its 33 local authority areas saw house prices fall, a stark contrast to the overall UK trend. On average, London homes lost 5.2% of their value, a decline that translated to nearly £27,674 off the…
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London’s Property Prices – The Highs and Lows
London’s housing market has seen its fair share of ups and downs over the past year. Yesterday’s report from the ONS has shed light on how the capital’s property prices have fared, revealing a mixed bag of results across different boroughs. On average, house prices in London have taken a dip, declining by nearly 5%…
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First-Time Buyers Find Relief as Deposit Costs Tumble
Recent data has revealed a substantial drop in the average deposit required for first-time buyers. This promising shift offers a glimmer of hope for many who are navigating the challenging terrain of the property market. According to a report from Halifax, one of the UK’s leading mortgage lenders, the average deposit needed to climb onto…
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Basement Construction Boosts London Home Values
According to a revealing analysis by Foxtons, adding a basement to your London home could skyrocket its value by an astounding 54%. This increase is calculated based on the new living space created, turning previously unused square footage into a lucrative investment. Costs vs. Rewards Let’s break down the numbers. With the average price of…
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UK’s Top 10 Cities for House Price Growth – Where to Invest Now
Key points – London, traditionally a magnet for property investors, has seen a decrease in appeal due to its high prices. This has shifted the focus to other major cities in the UK, which are now being recognised for their potential in property investment. The Office for Budget Responsibility (OBR) recently predicted a 4.7% fall…
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2023 Hotspots Where House Prices Are Soaring
Key points – A trend has emerged in 2023: areas close to the coast or with excellent transport links to major cities have seen a strong increase in property values. This shift reflects the growing appeal of seaside living and the convenience of commuting, a trend accelerated by the pandemic’s impact on remote work. House…
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Savills Auctions Smashes Records with £100M Sales in November
November has been a landmark month for Savills Auctions, an auctioneer in the property market. They have achieved an unprecedented milestone by selling over £100M worth of property. This figure not only sets a record for the highest monthly sales but also indicates a remarkable 70% increase compared to the same period last year. Such…