Signs of a stamp duty boom?
Down, down, down?
HOUSING market activity in London is now lagging behind the rest of the country, new figures reveal today. In the three months to September, the number of transactions in EngÂland and Wales was 15.4 per cent higher than the same period last year, according to LSL property services.
London property is dead, hail the new London property market!
Here is the full link to the survey. Enfield is number four and I bet that east of the A10 is right up at the top. A place where you can still get a studio flat for just over Â£130k, and a three bed family home for a little over Â£250k. The Borough joins London Overground network in May this year, with visible links on the main tube map to Hackney, Liverpool Street and also the Victoria Line via Seven Sisters. Families huddled into Hackney flats will flood out into the leafy suburbs of Enfield. Hillingdon, Lewisham and Harrow are seeing the same trend, but the new rail improvements to Enfield, finally putting it on the tube map, will sent the Borough to pole position by this summer. It will catch up a bit with Hackney if Crossrail 2 or four tracking of the Lea Valley line is approved.
Central london market is dead
No sign of a crash but a welcome break from the usual price pumping: Property markets in Edinburgh and Glasgow experienced a post-referendum bounce, according to new research, as the ending of uncertainty over Scottish independence helped the two cities record the fastest price rises in the UK over the past three months. But in other parts of the UK there were further signs that the boom of the first half of the year had fizzled out, the data from property firm Hometrack showed. Prices in former hotspots Aberdeen and Cambridge fell over the three months and in London they rose only 0.5%."
Can you hear the awful noise of pigs at the trough?
Latest CML figures
"Gross lending totalled Â£16.9bn in November, down 9% from October, the Council of Mortgage Lenders (CML) said". "It added that a "gentle trajectory" for the mortgage market would "calm" any concerns over the effect of a housing boom on the UK economy in general".
Oil glut wont last long
It's almost impossible to make money at these oil prices", Mr Allan, who is a director of Premier Oil in addition to chairing Brindex, told the BBC. It's a huge crisis. This has happened before, and the industry adapts, but the adaptation is one of slashing people, slashing projects and reducing costs wherever possible, and that's painful for our staff, painful for companies and painful for the country.