Property News
It seems an Englishman’s home will always be his castle – be it for only one person in 2026. A report by Alliance & Leicester Mortgages predicts the number of one person households or ‘living loners’ will increase by 53 per cent to 9.9 million by 2026 – equivalent to three quarters of the total annual household growth over the next two decades.
Nationwide Building Society expects the rate of house price growth in 2007 to be relatively robust at between 5% and 8%.
House prices will continue to rise over the next two years, but housing transactions are likely to fall in 2008 after a small rise in 2007, according to the latest housing market forecasts from the Council of Mortgage Lenders.
Prime central London property prices grew by 2.8% in November making it the ninth month in which prices have grown by over 2% since the start of the year, according to the latest Knight Frank Prime Central London Residential Sales index.
Legal & General have sold Wisley Airfield a 300 acre disused airfield to private clients of Knight Frank for £22 million.
House prices will grow by 7 percent and affordability and accessibility for first time buyers will continue to worsen in 2007 says RICS Housing Market Forecast.
Average national asking prices dropped this month by 0.3% (£582), according to rightmove.co.uk.
UK annual house price inflation in October 2006 was 8.6 per cent, up from 8.0 per cent in September 2006, according to the Department for Communities and Local Government (DCLG).
Winkworth's recently opened Palmers Green office will be its 75th overall and 55th in London. The new north London Winkworth office, in Green Lane, will bring a trusted and high-profile brand to the area and, crucially, will provide sellers with a lucrative link to the affluent central London buyer, via Winkworth's network of offices.
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