After two years of rocketing house prices, the property market is coming back down to earth. The average house price in the UK decreased for the first time in 15 months, dropping £4,000 from £272,259 to £268,282, in October, according to Nationwide.
The property developer Nick Candy has always had a talent for attracting new wealth.
Savvy property hunters may now be able to secure steep discounts on their purchases as chains break down and rising mortgage rates hit prices.
“With buyers and sellers still digesting what is going on, the UK housing market is a mix of those carrying on and those taking time to reflect – and mortgage status is playing a big part in that.”
A plunge in the pound this year has brought a rush of American buyers hoping to snap up prime London homes with tens of millions in dollar discounts.
It was the second Paul Newman Daytona that David Silver had sold for £275,000 in less than two weeks that proved decisive.
Radical changes to stamp duty payments “will get the housing market moving”, Kwasi Kwarteng said today amid warnings that his measures could drive house prices higher.
There’s a reason that education is always a big feature of the The Sunday Times Best Places to Live guides. Choosing the perfect school may not be a guarantee of future happiness but any parent who finds themselves living in an area with few good options will be all too aware of the stress that can cause.
Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are tipped to announce some kind of cut to Stamp Duty – a tax on property transactions – on Friday. Details are scant, but two sources told The Times that the “growth plan” has been in the works for the last month.
Fizzy water straight from the tap, a hot tub on the terrace for post-Covid gatherings, an in-house florist on call, and a panic room just in case of emergency; welcome to the very weird but also wonderful world of luxury housing in London post-Covid-19.
Between home working trends and record-busting heatwaves, outside space has never been more important to buyers.
There’s ‘a real lack of stock’ and a ‘competitive landscape’ for super-prime London property, according to leading property advisers.
