First-time buyers are facing a mortgage crunch as Britain’s biggest banks axe low deposit loans. The top lenders have axed loans for deposits of 10% or less for the first time ever. They took this step after receiving uncountable applications from wealthy families attempting to take advantage of the stamp duty holiday. Actually, wealthier people…
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The real estate agents are reporting that Hong Kong buyers are investing in London’s prime housing market on above-average levels. Beauchamp Estates London reports in its new wealth survey that over the past 6 months it has sold more than $374 million worth of luxury London residential property to Hong Kong buyers. Hong Kongers bought…
The latest index from Halifax has shown annual house prices in the UK are rising. The prices surged to 5.2 per cent in August up from 3.8 per cent in July. Which is taking the UK-wide average to a record high of £245,74. UK house prices in August were 1.6 per cent higher than in…
London has excelled at creating jobs and opportunities, in recent decades. At the same time, London’s government had failed to build the homes they needed. But, the London Mayor and the UK government is now considering airspace development a key solution to the housing crisis. The Ministry of Housing, Communities and Local Government reportedly proposed…