Of course, every bubble must one day burst. This boom can’t last forever, and we know it. What does the future have in store for the property market?
Stamp duty thresholds are being raised to £500,000 until March 2021 to bring new life into the market following the drop caused by the coronavirus pandemic. What does it all mean for sellers and buyers, though? Let's have a look at the pros and cons of the new move
One advantage of investing in property now is that mortgages are at an all-time low. The British Pound is currently weak against the US dollar, making property investments in London more attractive for overseas buyers, particularly those in the United States.
The biggest drops come from outer boroughs such as Bromley and Hillington. The number of new homes in these areas have dropped up to 91% since the government put restrictions in place last month. Merton, Redbridge, and Sutton all saw significant drops as well. The number of listings dropped 90%...
The apocalypse isn’t quite upon us yet, but the “Airbnb Apocalypse” may very well be here. Airbnb hosts who have put together their own short-term rental empires are now facing the reality of less tourism and less rentals, which means big losses for them.
The London property market has been undergoing something of a resurgence lately, with the prime property market standing out among London house prices graph showings. The private banking institution Coutts found that sold property prices for the prime market were looking much better at the end of 2019.
According to the latest data from Molior London, a market analyst group, developers began work on 5,725 new home sites for London during the last quarter. This represents an increase of 12% over the previous quarter before that. Sales of those new homes in the capital also increased by a...