This week’s show is a London property special. We'll be looking at London property prices hitting a pre-crisis high, the Bank of England struggling for ideas, a firs time buyer with half a million pound budget who can't get on the property ladder, and the London ripple effect. Our quirky news piece looks at some of the world's most expensive properties for sale.
This week’s news
London house prices hit new pre-crisis high

London house prices are now at 20% above the level they were at during pre-crisis peak.

Bank powerless over London property prices, says governor

Governor Mark Carney says that the Bank of England cannot control the London property surge and admits he doesn't know what the solution is. What do you think?

First-time buyers struggle as London property prices soar

This article looks at a first time buyer with a half a million pound budget who cannot get on to the property ladder where she wants to live. The article says prices have reached a 'fever pitch'.

London's property bubble shows no sign of bursting but hipsters aren't the problem

This is a sensible article which says the trendy middle class can't be blamed for London's rising property prices.

Stamp duty is feeding the growing bubble in London’s house prices

This article from City AM suggests stamp duty has a big part to play in London's housing bubble by causing a lack of supply which in turn drives up prices.

London’s ‘ripple effect’ drives UK housing market but there is no bubble

This article says there is no bubble in London, but other areas are starting to see price rises because of London's ripple effect.

Housing bubble forming in London, warns Ernst and Young

Ernst & Young believe that the London property market is displaying bubble-like conditions.

Quirky News: London has three of the world's ten most expensive properties

This article rounds up some of the most expensive properties for sale across the world. Unsurprisingly, London has a few entries.

 
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Full transcript
Welcome to Property News Radio, your weekly dose of property news and information. Stay informed in just 15 minutes every week. Here’s your host, Rob Bence from RMP Property!

Rob Bence:         Hello and welcome to Property News Radio. I’m Rob Bence from RMP Property and the Property Hub. Thank you once again for joining me. This week, we got a London property special. There’s been lots in the news this week, particularly on the subject of London property, so I want to dedicate the whole episode looking at the London property market—where it’s going, what’s happening, who’s concerned, who’s not and a look into the future.

So let’s have a look at what’s coming up this show.

Property prices in London hit new pre-crisis high. The Bank of England say they don’t know what to do. First-time buyer with half a million pound budget can’t get into the market, but it’s not London tipsters that are the problem apparently, it’s stamp duty. Some say the ripple effect just started, but there’s no bubble, but I know they’’ll say there is a bubble. Finally, our quirky news piece, we’re going to look at some of the world’s most expensive property. You can guess where a few of them are located.

A very London-centric episode this week. Apologies to those with no interest in London, but it does affect you if you’re looking at other areas of the market because as we come to there will be or there is alrea...