{"id":40814,"date":"2017-01-16T16:58:22","date_gmt":"2017-01-16T09:58:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=40814"},"modified":"2017-01-16T14:13:59","modified_gmt":"2017-01-16T07:13:59","slug":"london-homeowners-shy-away-from-selling-amid-challenging-conditions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-homeowners-shy-away-from-selling-amid-challenging-conditions\/","title":{"rendered":"London homeowners shy away from selling amid challenging conditions"},"content":{"rendered":"


\nLondon home owners are showing a “marked reluctance” to put their property up for sale, deterred by uncertainty caused by the looming Brexit process and an increase in tax, according to Rightmove.While the average asking price of a property in the capital rose 1.4 percent in January to 624,953 pounds ($759,000), fewer Londoners put their properties up sale. New listings slid 14 percent from a year earlier, the property website operator said Monday.”Last year saw a rush of owners trying to exit at what they perceived as the top of the market, though in truth those in inner London were already a year too late,” said Rightmove Director Miles Shipside. “Owners now seem well aware of the more challenging conditions, with the high stamp-duty costs and Brexit uncertainty perhaps making them hold back from trying to sell.”London’s underperformance was a theme of 2016, with Britain’s vote to leave the European Union as well tax changes in the early part of the year weighing on the market. Rightmove said last month that prices in prime London property could decline 5 percent in 2017.Across the U.K., asking prices increased 0.4 percent in January from December, and climbed an annual 3.2 percent to an average 300,245 pounds, according to Monday’s report.In a separate release, LSL and Acadata said annual U.K. house-price inflation slowed to 3.1 percent last month. Transactions declined 3.9 percent in 2016 from the previous year. The report also reflected a slowing growth in London, as it trailed the other regions of England and Wales with home-price growth of 0.2 percent last year due to a slump in prime property.* Reutersbusiness@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…London homeowners shy away from selling amid challenging conditions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

London home owners are showing a “marked reluctance” to put their property up for sale,...<\/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-40814","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-aCi","jetpack-related-posts":[{"id":36094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-builders-to-defy-brexit-uncertainty\/","url_meta":{"origin":40814,"position":0},"title":"London house builders to defy Brexit uncertainty\u00a0","date":"November 27, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...London house builders to defy Brexit uncertainty\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-uncertainty-hits-london-property-market-the-hardest-in-the-uk-reports-show\/","url_meta":{"origin":40814,"position":1},"title":"Brexit uncertainty hits London property market the hardest in the UK, reports show","date":"May 21, 2018","format":false,"excerpt":"\r London remains a weak spot in the slowing UK housing market as Brexit clouds the outlook, reports on Monday showed. The capital had an annual price decline of 0.2 per cent in May, property website Rightmove said on Monday. Separately, Acadata reported that in April London was the only\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-uncertainty-draws-increased-asian-capital-inflows-into-london-properties\/","url_meta":{"origin":40814,"position":2},"title":"Brexit uncertainty draws increased Asian capital inflows into London properties","date":"February 5, 2018","format":false,"excerpt":"\r In the last two years, investment from Asia \u2013 and Hong Kong in particular \u2013 into commercial real estate in London accelerated at a pace few anticipated. In 2015, investment into London commercial property represented 27 per cent of the total, according to CBRE. In 2016, the figure crept\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-conservative-majority-removing-brexit-uncertainty-hongkongers-are-poised-to-return-to-london-property-market\/","url_meta":{"origin":40814,"position":3},"title":"With Conservative majority removing Brexit uncertainty, Hongkongers are poised to return to London property market","date":"December 18, 2019","format":false,"excerpt":"\r The overwhelming victory of the Conservative party in the UK elections is likely to lift the prices of London property and convince Hongkongers to snap up real estate in the British capital.Some analysts said the clear mandate given to Boris Johnson, who retains his post as British Prime Minister,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-luxury-property-prices-will-stay-flat-until-after-brexit-says-savills\/","url_meta":{"origin":40814,"position":4},"title":"London luxury property prices will stay flat until after Brexit, says Savills","date":"September 26, 2017","format":false,"excerpt":"\r Market sentiment will remain \u2018fragile\u2019 amid uncertainty but start to recover towards the end of 2019, forecasts estate agentPrices for luxury homes in central London are forecast to fall 4% this year and will flatline for nearly two more years as Brexit uncertainty and tax changes weigh on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-central-london-homes-at-bargain-basement-prices-post-brexit\/","url_meta":{"origin":40814,"position":5},"title":"Prime central London homes at bargain-basement prices post-Brexit","date":"August 17, 2016","format":false,"excerpt":"\r Price cuts of nearly 20 per cent and a drop in the value of the pound have created \"Brexit discount\" bargains on some of the most expensive homes in central London - if you have millions to spare.The UK property market was one of the first sectors hit by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40814"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=40814"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}