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London property market

New homes at a record low

The number of private properties being built in London is at a record low. Just 568 were started between February and last month - less than a quarter of the number built in the same period last year, according to the National House Building Council. There has also been a slump in social housing. Between February and April, just 795 homes were started by housing associations - sharply down from 2,443 last year. 2009-05-26

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Recession - what recession?

Supermarket heiress Jessica Sainsbury accepted £10.25m for her arts and crafts-style pad in Chelsea's Glebe Place. The five-bed pied-à-terre was too small for her and her three children. We hear it was snapped up by an American banker but there were two other bidders at more than £9.85m. Recession - what recession? 2009-04-01

Tips for first-time home buyers

HALIFAX has come up with some sage advice for first-time home buyers struggling to get a deposit together. Apparently, by drinking two pints less each week, giving up our latte on the way to work, swapping from bottled to tap water, cutting down on takeaways and cancelling gym memberships, we could each save £147.37 a month. London property market 2009-03-18

£9k house is UK'scheapest

The UK's cheapest home has gone on the market for 9,000.

The three-bedroom semi in Middlesborough, which has been empty since November, is just over 20 years old and has a garden and off-street parking. Other houses in the area, which is a mile from the city centre, usually sell for about £45,000. Estate agents have organised a mass viewing because of the high level of interest. 2009-02-02

Knock 25% off the asking price

Having to knock more than 25 per cent off the asking price of your house is a fair old whack, especially when your house was originally for sale at £3.5m.

Victoria, 35, has been trying to sell her Chelsea home since September, when a buyer pulled out hours before completion.

Victoria bought it for £1.8m in 2006 — it's now on sale for a bargain £2.6m.

Perhaps Victoria would have had more success if she'd used londonwhere.com Property & Lettings pages, which enables you to advertise your property without an estate agent for £5.95 a month. You can also create a website for your property and feed the details through to property and social networking sites.

London property market moves

A survey by estate agents shows that demand from abroad for property in London has increased 35 per cent in the last year. And 52 per cent of the increase has come from the Middle East, thanks to the strength of the dirham to the pound. As a result, beleaguered UK estate agents are setting up shop in the Gulf — Chesterton Humberts opened a shop in Abu Dhabi last month.


London property market 2009 - the number of private properties being built in London is at a record low.