{"id":14332,"date":"2015-10-12T06:01:00","date_gmt":"2015-10-11T23:01:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/soaring-london-house-prices-sucking-cash-out-of-economy-study-says\/"},"modified":"2016-05-25T17:03:05","modified_gmt":"2016-05-25T10:03:05","slug":"soaring-london-house-prices-sucking-cash-out-of-economy-study-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/soaring-london-house-prices-sucking-cash-out-of-economy-study-says\/","title":{"rendered":"Soaring London house prices sucking cash out of economy, study says"},"content":{"rendered":"


\nStudy shows knock-on effects of high mortgages and rents on consumer spending and wage bills, increasing risk of capital becoming no-go zone for staff across whole sectorsSoaring London house prices are costing the economy more than \u00a31bn a year and preventing the creation of thousands of jobs, as individuals plough money into buying and renting instead of spending their cash elsewhere, a report has claimed. London\u2019s housing market recovered quickly from the financial downturn of 2008-2009 and in recent years rents and house prices have rocketed. House prices are more than 46% above their pre-crisis peak, at an average of \u00a3525,000 according to the Office for National Statistics, while rents in the private sector have risen by a third over the past decade. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Soaring London house prices sucking cash out of economy, study says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Study shows knock-on effects of high mortgages and rents on consumer spending and wage bills,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14332","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Ja","jetpack-related-posts":[{"id":2476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-renters-trapped-in-1000-a-month-rabbit-hutch-properties\/","url_meta":{"origin":14332,"position":0},"title":"London renters trapped in \u00a31,000 a month 'rabbit hutch properties'","date":"August 30, 2014","format":false,"excerpt":"\r Landlords cashing in by dividing homes into 'semi-studios' barely bigger than recommended minimum as rents and prices riseRenters in London are being forced into what one politician described as \"rabbit hutch properties\" at rents in excess of \u00a31,000 a month as landlords cash in on the capital's booming housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-real-estate-investors-head-offshore-for-better-returns-as-prices-and-rents-decline-at-home-amid-a-slumping-economy\/","url_meta":{"origin":14332,"position":1},"title":"Hong Kong\u2019s real estate investors head offshore for better returns, as prices and rents decline at home amid a slumping economy","date":"January 20, 2020","format":false,"excerpt":"\r Hong Kong\u2019s real estate investors are increasingly looking offshore for better returns on their investments, amid the city\u2019s declining rents and resale prices for office space and retail lots in a slumping economy.Family offices, as the investment vehicles of ultra-high net worth tycoons are called, have begun to increase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56254,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-riverside-rents-damped-by-flood-of-luxury-properties\/","url_meta":{"origin":14332,"position":2},"title":"London riverside rents damped by flood of luxury properties","date":"May 29, 2017","format":false,"excerpt":"\r New homes in the 20,000-strong Nine Elms development are putting pressure on prices\r \r Source : ft.com\r Read more...London riverside rents damped by flood of luxury properties","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-rents-fall-for-first-time-in-more-than-seven-years\/","url_meta":{"origin":14332,"position":3},"title":"Average UK rents fall for first time in more than seven years","date":"June 6, 2017","format":false,"excerpt":"\r London sees biggest drop, as property prices also slide for third month in a rowAverage UK rents have fallen for the first time in more than seven years, with London seeing the biggest decline, according to new data.The slowdown in the rental sector mirrors a similar picture in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-supply-to-lower-dubai-suburban-rents-in-2017\/","url_meta":{"origin":14332,"position":4},"title":"New supply to lower Dubai suburban rents in 2017","date":"December 19, 2016","format":false,"excerpt":"\r Dubai rents are set to decline further next year with more than 20,000 new homes entering the market, brokers say. 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