Damian Shepherd

Bloomberg News

Luxury London Homebuyers Want Discounts, But Sellers Won’t Budge

By: Damian Shepherd

Wealthy London homebuyers are demanding discounts on luxury properties, but sellers aren’t willing to knock down the price.

Bloomberg News

Britain’s Remortgaging Pain Is Only Getting Started

By: Damian Shepherd

Thousands of UK households have a decision to make ahead of a bumper remortgaging deadline — lock in a pricier fixed-rate deal or bet on a Bank of England rate cut.

Bloomberg News

Persimmon Warns of Slump in Demand From UK First-Time Homebuyers

By: Damian Shepherd

Persimmon Plc is the latest homebuilder to warn about a collapse in first-time buyer deals, as high mortgage rates weigh on Britain’s housing market.

Bloomberg News

Britain’s Broken Planning System Makes Home Buying a Pipe Dream

By: Damian Shepherd

Government policy changes, a lack of funding and chronic understaffing are blamed for choking the country’s planning system

Bloomberg News

Britain’s Housing Slowdown Leaves More Homes on the Market

By: Damian Shepherd

Britons brave enough to buy a home in the midst of the housing downturn have 66% more properties to choose from compared with a year ago.

Bloomberg News

Renters Outside London Paying Over £1,000 a Month for First Time

By: Damian Shepherd

Spending four figures a month on rent is a typical sacrifice for Londoners. Now it’s becoming the norm for the rest of the UK.

Bloomberg News

Luxury London Home Sellers Offer Discounts Galore as Deals Slump

By: Damian Shepherd

London’s cooling luxury housing market is turning into a tale of two sellers — those willing to knock down the asking price to secure a deal and those too stubborn to budge.

Bloomberg News

Another 1,000 Buy-to Let Mortgages Slip Into Arrears in the UK

By: Damian Shepherd

Almost a thousand more buy-to-let mortgages used by UK landlords have fallen into arrears as interest rates rise.

Bloomberg News

London Home Presales Slump as Slowing Price Growth Deters Buyers

By: Damian Shepherd

London homes used to fly off the shelves even before they were built. Now the city has lost its crown as the hub for off-plan deals, as investors hunt for richer returns outside the capital.

Bloomberg News

Mortgages in the UK Look Set to Get a Lot More Expensive

By: Neil Callanan, Damian Shepherd

The bad news for UK mortgage holders keeps on coming.