London has a surplus of empty luxury apartments which should be good news for the housing crisis – but here's why it isn't
6 years, 2 months ago

London has a surplus of empty luxury apartments which should be good news for the housing crisis – but here's why it isn't

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Theresa May: Young people right to be angry about housing crisis London hosts the highest number of super-rich individuals per capita of any city globally: around 3,100 residents are ultra-high net worth individuals – those with assets, not including property, of £20m or more. Yet the large flows of international investment capital and borrowing to buy into the “safe bet” that is London’s housing market is being shaken by anxiety about the potential impact of Brexit. A full 89 per cent of all new builds in London are apartments, and between 2014 and 2016 around one in six of these was sold to overseas buyers – that’s 13 per cent. With roughly a year’s worth of housing production devoted entirely to the construction of luxury apartments – many of which are unsold – it seems fair to offer a damning verdict.

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History of this topic

Top 10 house price hot spots where value is increasing the most
1 day, 20 hours ago

Top 10 house price hot spots where value is increasing the most

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Whilst 2024 saw a broad recovery of house prices, around a third of homes …

The housing affordability crisis is going global
4 weeks, 1 day ago

The housing affordability crisis is going global

Live Mint  

DUBLIN—When Mikey Cullen’s parents were in their early 20s, they earned enough as public-sector workers to buy a house in the city. Ireland, after years of anemic construction, now has the European Union’s most expensive housing, according to a broad measure of rent, maintenance costs and utilities by Eurostat, the European Union statistics agency. “When cities had housing shortages, if …

How much house prices are predicted to go up by across the UK
Trending News
2 months, 1 week ago

How much house prices are predicted to go up by across the UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here are Savills’ predictions for house price increases over the …

UK homeowners ‘sitting on £80,000 in property value gains on average’
2 months, 4 weeks ago

UK homeowners ‘sitting on £80,000 in property value gains on average’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Homeowners who have purchased their …

Why are we so obsessed with the idea of owning a home in the UK? I’m a millennial and I’ll rent forever
3 months ago

Why are we so obsessed with the idea of owning a home in the UK? I’m a millennial and I’ll rent forever

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. A lot of people in London …

Angela Rayner’s planning ‘revolution’ slashes housebuilding target for London
5 months, 2 weeks ago

Angela Rayner’s planning ‘revolution’ slashes housebuilding target for London

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Angela Rayner’s planning “revolution” will see London’s housebuilding target slashed by …

It won’t be popular, but there’s only one answer to tackling soaring rents
5 months, 3 weeks ago

It won’t be popular, but there’s only one answer to tackling soaring rents

The Independent  

Despite the efforts of successive governments, the dream of home ownership has grown more and more out of reach for years. However, the above figure for average rents, covering the second quarter of the year from property website Rightmove, is up nearly 7 per cent compared with a year earlier. True, the pace of increase has slowed a bit – …

Labour has a chance to finally insulate Britain, but there’s a big hole in its plans
6 months, 1 week ago

Labour has a chance to finally insulate Britain, but there’s a big hole in its plans

New Indian Express  

Ran Boydell, Heriot-Watt University The UK’s new Labour government has made clear that improving housing and tackling climate change are among its top priorities, with announcements on housebuilding targets and onshore wind turbines being made within its first few days in office. But we’ve yet to hear any more substantial detail about a policy that would make a major contribution …

House prices are falling, but what does the future hold for the market from here?
8 months, 1 week ago

House prices are falling, but what does the future hold for the market from here?

The Independent  

Britain’s housing market has turned hostile again, at least for sellers. It was possible to find rates close to 1 per cent in 2021, before the Bank of England imposed 14 consecutive interest-rate rises in an attempt to bring an inflationary spike under control. While the US and the UK are in very different places economically, that sort of sudden …

UK’s housing stock ‘offers the worst value for money of any advanced economy’
9 months, 3 weeks ago

UK’s housing stock ‘offers the worst value for money of any advanced economy’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s “expensive, cramped and ageing” housing stock fares poorly …

UK homes have worst value for money in developed world: Study
9 months, 3 weeks ago

UK homes have worst value for money in developed world: Study

New Indian Express  

LONDON: Britain's housing stock offers the poorest value for money among advanced nations, according to a study published Monday warning that the crisis-hit sector will loom large over this year's election. Homes in Britain have less floorspace per person than many other developed economies, trailing France, Germany, Japan, the United States and Taiwan. The think-tank found that homes were located …

Why Britain’s housebuilding slump is about to get much worse
10 months, 2 weeks ago

Why Britain’s housebuilding slump is about to get much worse

The Telegraph  

A damning report into the health of Britain’s housebuilding sector pulled no punches on Monday, as the competition watchdog raised concerns over decades of failure. The list of criticisms directed towards developers was wide-ranging, as the Competition and Markets Authority attacked shoddily built properties, excessive fees and inescapable management schemes. In an unusual move, the CMA called for “fundamental interventions …

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market
1 year ago

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Cabinet minister Michael Gove says council planning departments are taking …

Cost of living emergency ‘evolving’ as failures to tackle housing crisis ‘starting to bite’, say experts
1 year, 1 month ago

Cost of living emergency ‘evolving’ as failures to tackle housing crisis ‘starting to bite’, say experts

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of living emergency is evolving as decades of …

Prime London housing market more robust than mainstream equivalents – Savills
1 year, 3 months ago

Prime London housing market more robust than mainstream equivalents – Savills

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. House prices …

Rents set to continue rising sharply despite cost-of-living squeeze, experts say
1 year, 5 months ago

Rents set to continue rising sharply despite cost-of-living squeeze, experts say

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A net balance of 63 per cent of professionals expect rental prices to increase …

Revealed: Britain’s council housing shame as majority of councils fail to build a single home
1 year, 5 months ago

Revealed: Britain’s council housing shame as majority of councils fail to build a single home

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She added: “There is no solution to the housing crisis that does not involve …

Britain needs to build an extra 250,000 houses just for migrants, say analysts
1 year, 7 months ago

Britain needs to build an extra 250,000 houses just for migrants, say analysts

The Telegraph  

Britain needs to build an extra 250,000 homes just to accommodate the record number of migrants who arrived last year, City analysts have warned. Investec said the chronic undersupply of homes in the UK would be worsened by the arrival of 606,000 migrants in 2022, adding to demand and pushing up rents and house prices. Assuming an average household size …

UK houses worth 584 million pounds to fall into sea amid coastal erosion: Report
1 year, 11 months ago

UK houses worth 584 million pounds to fall into sea amid coastal erosion: Report

Hindustan Times  

As global warming and its impact continue to impact many parts of the world, a new study conducted by a climate action group showed that thousands of coastal houses in Britain are at risk of sinking. Climate change advocacy group One Home said that this would include 21 coastal villages and hamlets in England and houses worth almost 584 million …

It’s time to wean the UK economy off a dangerous addiction to housing market inflation
2 years, 3 months ago

It’s time to wean the UK economy off a dangerous addiction to housing market inflation

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. But at the same time, you …

House prices fall by nearly £5,000 as value drops for first time this year, Rightmove says
2 years, 5 months ago

House prices fall by nearly £5,000 as value drops for first time this year, Rightmove says

The Independent  

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What is happening to the global housing market – and what comes next?
2 years, 6 months ago

What is happening to the global housing market – and what comes next?

The Independent  

House prices worldwide are starting to plateau and maybe fall. Some analysis of Land Registry figures by Bloomberg shows that flat prices are 10 per cent off their peak reached in the middle of 2020, whereas house prices have continue to climb. “If we stay around six,” says Zandi, “I think that the market will adjust and we’ll eventually get …

Falling home ownership cost Tories votes, says Michael Gove
2 years, 8 months ago

Falling home ownership cost Tories votes, says Michael Gove

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The other one is that the Labour Party doesn’t seem to have made anything like …

A housing crash is now inevitable – why aren’t we talking about it?
2 years, 9 months ago

A housing crash is now inevitable – why aren’t we talking about it?

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Consumers across the UK are experiencing …

Value of private rented housing sector jumps 5.8% to £1.4 trillion, report finds
3 years, 4 months ago

Value of private rented housing sector jumps 5.8% to £1.4 trillion, report finds

The Independent  

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Half of buyers cannot find affordable home
3 years, 10 months ago

Half of buyers cannot find affordable home

NL Times  

Every second person looking to buy a home in the Netherlands has trouble finding one that fits in their budget, according to a study conducted by the I&O-research among more than two thousand Dutch people. Half of the potential buyers said they had difficulty finding an apartment where the rent was lower than 750 euros per month or, alternatively, an …

Will Brexit affect house prices and mortgages?
4 years ago

Will Brexit affect house prices and mortgages?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. All this suggests that leaving the EU with a successful trade deal probably won’t have …

Will more working from home kill our cities and reduce house prices?
4 years, 4 months ago

Will more working from home kill our cities and reduce house prices?

The Independent  

Many cities in the UK, particularly London, have prospered in recent decades. “If more and more people work from home then many people working in local services will likely lose their jobs.” It’s this concern that seems to have motivated the government’s campaign to get white-collar workers back to their city offices. And some are arguing that more working from …

London stalling: How the capital became an empty playground for the global elite
4 years, 6 months ago

London stalling: How the capital became an empty playground for the global elite

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. A new book, Alpha City: How London was Captured by the Super-Rich, by Rowland Atkinson, …

Brexit brings uncertainty for everyone, particularly the 18,000 people in my borough waiting for housing
5 years, 1 month ago

Brexit brings uncertainty for everyone, particularly the 18,000 people in my borough waiting for housing

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Right to Buy was one of …

Jeremy Corbyn unveils Labour manifesto with £75bn boost for affordable housing: ‘I welcome hatred of rich and powerful’
5 years, 1 month ago

Jeremy Corbyn unveils Labour manifesto with £75bn boost for affordable housing: ‘I welcome hatred of rich and powerful’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Labour said the “housing revolution” will bring the number of new social homes to a …

How to sell your home despite Brexit
5 years, 2 months ago

How to sell your home despite Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Buyers are more …

The long shadow of Brexit falls on those in the most desperate need of better housing
5 years, 3 months ago

The long shadow of Brexit falls on those in the most desperate need of better housing

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

What a shed in Cornwall tells us about Britain’s shameful housing crisis
5 years, 6 months ago

What a shed in Cornwall tells us about Britain’s shameful housing crisis

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Catrina Davies didn’t end up in a shed simply out of eccentric choice or a …

Road map to a better Britain: 10 things the UK economy needs
5 years, 6 months ago

Road map to a better Britain: 10 things the UK economy needs

The Independent  

In these essays I have argued that Britain has a malfunctioning economy and a badly divided society. There remain many underlying weaknesses: an over-dependence on the financial sector, low savings and investment, poor performance in innovation and training, a totally dysfunctional housing market and a business culture dominated by short-term thinking. A housing market that works for young people open …

If Britain chooses to stay in the EU, the government must then embark on a mass house-building programme
5 years, 11 months ago

If Britain chooses to stay in the EU, the government must then embark on a mass house-building programme

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Each year, …

House prices in London's exclusive districts FALL by up to 25 per cent as buyers put off by Brexit
5 years, 11 months ago

House prices in London's exclusive districts FALL by up to 25 per cent as buyers put off by Brexit

Daily Mail  

House prices in some of the most expensive areas in the capital have fallen by up to a quarter over Brexit uncertainty. On average London's ten most expensive boroughs are down by 9 per cent. Homes have gone down in value by up to 25 per cent across London's most expensive boroughs Other agents have said that steep price falls …

How the global financial crisis hit the UK housing market
6 years, 4 months ago

How the global financial crisis hit the UK housing market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. House prices tumbled: the average UK property’s value plunged …

Home ownership falls more in UK than any other EU country
6 years, 4 months ago

Home ownership falls more in UK than any other EU country

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The proportion of people owning …

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