News
18-Jan-08
A member of the Bank of England's Monetary Policy Committee (MPC) has hinted that he supports a cut to the base rate of interest sooner rather than later.Deputy governor of the Bank and MPC member Sir John Gieve hinted at his support for a reduction durin...
Market is stronger than it was in the 90s
18-Jan-08
We are not about to see a property price crash on the scale seen in the 1990s, according to one expert.CB Richard Ellis believes that prices will actually rise by around three per cent in 2008, reports the Telegraph.The firm is confident that prices will ...
Jobs stats won't postpone rate cut
18-Jan-08
The latest employment figures reveal that more people got themselves jobs in the three months to November 2007, but future projections point to less healthy times ahead.With this in mind, Dr John Philpott, chief economist at the Chartered Institute of Per...
Landlords receive tax returns reminder
17-Jan-08
People who own investment properties in London and elsewhere in the UK need to get their self-assessment tax returns in before the January 31st deadline.HM Revenue & Customs (HMRC) has warned landlords and other self-employed people not to miss the da...
London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
17-Jan-08
A quarter of Britons who carry out home improvement work underestimate how much the projects will cost.That is according to Halifax, which reveals that around one million people undervalue the expenses involved by approximately £4,500.It means that B...
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Print this articleCentral London market is healthy
14-Jan-08
The prime central London housing market appears to be in good health despite the effects of the global credit crunch.
That is according to the latest Knight Frank figures, which reveal that the region bucked the trend in terms of price growth in the last quarter.
House price inflation was recorded as 1.4 per cent in the three months to December, signalling a minor fall of just 0.2 per cent.
In addition, annual inflation fell to 28.6 per cent but this is just two per cent lower than the figure recorded in January 2007.
Further to this, it is only just below the 28.7 per cent figure recorded in December 2006 and, at the time, that was the highest annual figure since June 1979.
"We are satisfied with our forecast that the prime sector in London will grow at three per cent in 2008 in parallel with that for the rest of the property market throughout the UK," read a Knight Frank statement.
"Properties in the super prime sector meanwhile will continue to return the best rates of growth of anywhere between five and ten per cent as overseas investors from countries untouched by the international credit crunch enter the market," it continued.
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