The London Times has published a feature on how Hackney has experienced huge price rises especially in Dalston and London Fields with prices up 18 per cent between October 2006 and October 2008, according to the Land Registry.
So, The Times asks is it too late to bag a bargain and are there further large price rises to come?
Nope! Findlay Property are still finding bargains for its clients. Call us on +44 20 7254 9444 to discuss.
Source: The Times
The population of the UK will rise from 61m to 71.6m by 2033 if current trends in growth continue, the Office for National Statistics (ONS) has said.
Just over two-thirds of the increase is likely to be related directly or indirectly to migration to the UK.
If the projected increase materialises, the population will have grown at its fastest rate in a century.
According to estate agency Knight Frank, house prices will end this year 2% higher than they were at the beginning of the year led by the recovery in London and the South-East.
But the agency predicts that throughout next year prices will fall 3% nationally — the classic “W”-shaped recession — although London will continue to grow with prices rising by 3% next year and by 9% in 2011. Five years out, by 2014, London prices will be 38% higher than today while the national gain will be just 19%.
Source: Evening Standard
The European Central Bank signaled a cautious approach Thursday to withdrawing its unprecedented monetary stimulus for the European economy, as both it and and the Bank of England kept their benchmark interest rates steady. The Bank of England left its key rate at 0.5 percent, as some economists grow increasingly concerned that the British economic recovery could slow or even stall.
Source: International Herald Tribune
This week Time Out is running a guide to London’s best street markets.
They say that Broadway Market ‘is one of London’s most successful (and most gentrified) local markets with 80 stalls heaving with cheeses, meat and fish, cakes and preserves and a fruit and veg stall that’s traded on the market for the past 50 years.
Much smaller and less frenetic than Brick Lane, Broadway Market is also pleasingly eco-edged, with a ban on plastic bags and a stall selling souvenir cotton totes – perfect for the local trendies.’
Source: Time Out London