The rising price of housing in uk does not stop going up 10.4% in June

The price of housing in the united kingdom increased by 10.4% in June this year on year, according to figures from the Office for National Statistics (ons for its acronym in English). compared to May, prices rose on average five tenths

The statistical office said that prices have risen sharply in most parts of uk, again being the City of London which registered the largest increase

The sharp rise recorded in England is mainly due to the annual increase of 19.3% in London and, to a lesser extent, the increase in the Southeast (9.7%) and East (7.9%). in fact, excluding London and the southeast, the housing prices in uk rose 6.3%

Overpricing living at British capital than flying everyday from Barcelona

To live in Barcelona and commute to London is cheaper than to rent a flat in the British capital

Friday, March 21, 2014 -

London is experiencing a price bubble that makes it cheaper to live and travel thousands of miles every day to reside there. photo: yahoo finance

British blogger sam Cookney wanted denounce the folly of living housing prices in London showing that would be cheaper to rent a bigger house in barcelona and commute by plane to the uk to live there

considering that their work week includes four days working in an office in central London and one at home, and with house prices rising at a rate of between 5% and 10% monthly on the British capital, , Cookney made their accounts ... and I did better than I thought

As he explains in his blog , made ​​reference to the 1,795 euros that according to British property portal Zoopla costs a one room apartment in the west London suburb of Hampstead, an area of their choice and very popular with young professional singles as he added to this figure, a municipal rates 90 euros and the payment of necessary transport to get to work, which costs about 140 euros. in total, live in london would cost 2,025 euros at current exchange rates

To compare, in Barcelona decided to choose the Nou Camp, a place where he had resided Cookney years. "A middle-class residential area and very similar to west hampstead" says

There he found a three bedroom and three-bedroom "a stone's throw from the metro." price, 680 euros per month. addition, notes, "In Spain the tenant does not pay municipal taxes"

In transportation, opted for the cheaper option: ryanair flights from el prat airport to London Stansted for only 34 euros roundtrip ticket. to that he added the 23 euros a day it would cost the city between home, work and the airport by public transport

Recapitulating the 34 euros a day of air travel and transport 23 euros for four days a week for four weeks and add 912 euros per month. if you add the 680 euros of rent, the final price for living in barcelona is 1,592 euros

And, as pointed Cookney, "compared to my life in London, this option would save me 387 euros, which would enjoy bottles of rioja 5 euros sitting in one of the three balconies of my house"

Highest housing prices at UK market

Uk starts the year with the highest rise in house prices

Tuesday, January 21, 2014 -

Historic house prices in January in uk

The price of housing in the united kingdom increased by 1% in January compared with December, a figure that represents the most historic start. specifically, the average price stood at 243,861 pounds, more than 295,000 euros, according to a report by the country's largest property portal, rightmove

On-year, the price shot up 6.3%, 14,432 pounds (17,466 euros) more than in January 2012. "The first indicators of the year show a strong real estate market for 2014. the average price stood at its highest historical start, indicating that optimism sellers and real estate agents is increasing, "said the report highlights

In London, where housing was increased in 2013 by 10.6% (at its best figure since 2006), the price rose just 0.2% in January compared to December and 7% year over year, the average price in the 514,704 pounds (about 623,000 euros)

In the 'city' in January fell hard prices in traditionally more expensive neighborhoods such as Westminster, where depreciated by 8.3% MoM (up to an average price of 1.4 million pounds or 1.7 million euros) or kensington, where the average fell 6.9% from December to stand at 2.05 million pounds (2.48 million euros)

Office Market growth in London

Growth, dominant note in the London office market

January 9, 2014

During the third quarter, major operations were performed on existing supply after a period of strong pre-holiday activity. Photo: mungojerie.

The hired office space in London from January to the end of the third quarter of 2013 (916.000 m2 / +71% YoY) and exceeds the volume of the entire year 2012, according to property consultant BNP Paribas Real Estate . The overall recruitment 2013 is expected to reach the highest level since 2010.

The demand for office space remains strong in all areas, not only in the City of London, and projecting activity sectors of information technology (38%), banking (16%) and professionals (21%) services.

The offer keeps a low profile and new projects do not involve sufficient area to prevent further upward pressure on rents.

During the third quarter, major operations were performed on existing supply after a period of strong pre-holiday activity. In the City, this trend has allowed the level of availability has dropped to its lowest level since 2010 (8.1% / -11% YoY).

With regard to investment, the volume of purchases in the third quarter amounted to 5,100 million euros, representing an increase of 76% quarterly and 85% annually. This is the highest quarterly volume of investment since the third quarter of 2007.

The last quarter was marked by the closure of large trades. Particularly noteworthy are two transactions (Shell Mex House and Paddington Central), which accounted for approximately 1,000 million euros between them.

International investment accounted for more than half of the turnover and increased in absolute terms. However lost market share against local investment, because last quarter was a recovery of British investment in London with British Land and Legal & General among those who have shaped the most significant transactions.

Yields 'prime' were stable in West End (4%) while decreased 0.25 points in the City as a result of demand pressure (4.5%).

The price of housing in the united kingdom will rise by 4% in 2014

Tuesday, January 7, 2014 -

halifax bank estimates that the price of housing in uk increase by 4% this year. the bank justifies this growth will occur as a result of the improvement in the British economy and low interest rates. further explains that the government-led "help to buy" program will boost housing demand but dismisses fears of a housing bubble

Halifax economist, Martin Ellis, indicates that the price of homes in uk is 12% below the peak marked in August 2007, while sales transactions remain below those recorded seven years ago

Also, the bank explained that the rise in property prices in the country is increasing the capital of homeowners, allowing them to take these homes on the market next year. therefore considers that this will increase supply and curb rising prices

New London housing is focusing on high-end prime properties

Developers are focusing on high-end properties, according to report that warns firms could be forced out of the capital

Developers are focusing on properties in London that cost more than £2m to buy or £5,000 a month to rent. Photograph: /Jason Hawkes

London's housing shortfall is running at more than 20,000 homes per year and too many of the properties under construction are aimed at wealthy buyers, according to research that warns of a growing affordability gap in the capital's new housing stock.

A report by estate agency Savills warned that businesses could be forced out of London because their workforces cannot afford accommodation, while overcrowding forces young professionals to live longer with their parents.

More than 50% of housing demand in London comes from households earning less than £50,000 year, according to Savills, but developers are instead focusing on high-end prime properties. These cost more than £2m to buy or £5,000 a month to rent, with many ending up in the hands of overseas investors.

"Builders' focus on wealthier, equity rich and credit-worthy buyers since the credit crunch means that a disproportionate amount of stock is being delivered at what we call 'new prime' levels," Savills said.

Opposition politicians accused the government of allowing useless homes to be built, while ordinary Londoners struggled to afford to stay in the capital.

 

Provided by London & Country for the Guardian

Rightmove Dec UK House Asking Prices -2.7%..

UK house asking prices rose in every one of the first six
months of the year, were volatile in the second half and ended the year
up just 1.5% on a year ago as a result of December's 2.7% monthly fall.

UK interest rates held at 0.5% by Bank of England

UK interest rates held at 0.5% by Bank of England

The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures.

The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures.

Both decisions were expected, but it will not be clear whether they were unanimous until the minutes of the meeting are released.

At the MPC's November and October meetings, there was a three-way split among its nine members.

In those meetings, one member voted for a rate rise, another for more QE.

The most recent figures showed that Consumer Prices Index (CPI) inflation rose to 3.2% in October, well above the target rate of 2%.

However, most MPC members continue to favour keeping rates on hold to aid the UK's economic recovery.

This comes ahead of VAT rising to 20% from 17.5% on 1 January, and the possible negative economic impact of the government's spending cuts.

Since June, MPC member Andrew Sentance has been voting in favour of raising interest rates from 0.5% to 0.75%.

Meanwhile, at the MPC's meetings in October and November, Adam Posen voted in favour of £50bn of extra QE.

QE involves the Bank putting fresh money into the financial system in an attempt to stimulate the economy.

'Minimise danger'

The British Chambers of Commerce said interest rates should remain on hold into 2011 to help the economic recovery, and that the Bank should consider restarting the QE programme.

David Kern, chief economist at the British Chambers of Commerce, said: "Despite positive economic news recently, risks of a setback will inevitably increase in the first half of 2011.

"While we support the painful fiscal measures needed to stabilise Britain's public finances, every effort must be made to minimise the danger of a downturn."

Recent official UK economic data showed that manufacturing output grew by 0.6% in October, the fastest pace since March.

Meanwhile, the overall UK economy grew by 0.8% between July and September