House prices in London fell below the £500,000 mark on average in November, reports the Guardian. According to figures from real estate agency Haart, while prices rose nationally by 0.6% in the past month, they fell by 1.9% in the capital. Prices in North London fell 6.7% in November, while prices in the south west of the capital were down 14% year-on-year.
Chinese buyers eye new build city property: Chinese interest in the investment potential of high-end Scottish residential property may help prop up a slower market, according to letting and estate agents DJ Alexander.
Hate walking to Harrods? Then you’ll have to pay an extra £1 million for a house: Homes close to London’s Harrods department store are so in demand that the average price within a five minute walk has soared to £2.4 million – almost double the average for the borough of Kensington and Chelsea.
London’s most unpopular borough in which to buy a house: Demand to buy a house in Westminster has plummeted this year as the central core of London’s property market continues to suffer following George Osborne’s radical stamp duty overhaul.
House prices falling in a third of U.K., study shows: House prices are falling in almost a third of the U.K.’s local housing markets, according to research findings that suggest tighter mortgage lending rules have cooled the market boom.
U.K. house prices to rise ‘just 3%’ next year but London will flatline as expensive boroughs are hit by stamp duty changes: Property prices in Britain will rise three % next year with strongest growth in the North West, South East, West Midlands and Yorkshire and Humber, according to latest predictions from the Royal Institution of Chartered Surveyors.
Making a mint this Christmas: Aristocratic London property dynasty gets a £36 million cash injection thanks to property boom in the capital: The aristocratic family behind property firm The Howard de Walden Estate, which is focused on London’s Marylebone, have shared £36 million in dividends.
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