House price growth in London to drop to six per cent this year September 23, 2016 House price inflation in UK cities is set to slow to 8.2 per cent – and annual growth in London is predicted to fall to six per cent by the end of this year. According to Hometrack, house price growth has slowed in cities across the south of England especially, due to the weaker demand for homes after the Brexit [...]
easyProperty lands biggest ever property deal for an online estate agent September 23, 2016 EasyProperty has landed the biggest ever property deal conducted by an online agent, acting for a private family trust. The property portal sold a £35m property portfolio that comprised 208 properties across east London and Essex; 114 of the assets were residential, 94 were commercial. Contracts between the parties were exchanged seven days after the off-market [...]
Property of the Week: 14 Half Moon Street is a Victorian bachelor pad turned family mansion that’s on sale for £14m September 22, 2016 A peek inside these plush living quarters is also a glimpse into Oscar Wilde’s Mayfair, a time when bohemians and young men-about-town could afford to live in the prestigious district while they chased their fortunes. This enormous Grade II listed house was the inspiration for Algernon Moncrieff’s bachelor pad in The Importance of Being Earnest, [...]
New homes on sale at the BBC’s former Television Centre in White City and London’s only Royal crescent September 22, 2016 Television Centre, White City From £750,000 Watch the stars come and go from the balcony of your flat by snapping up one of the latest homes released for sale at Television Centre, the former home of the BBC. Thirty new apartments designed by Stirling Prize-winning architects AHMM will be the closest properties to the three [...]
House prices under threat in Tower Hamlets due to ballooning development and Brexit September 22, 2016 House prices could be set to fall in Tower Hamlets due to the rapid development of the borough, according to new research. Data collected by property consultancy Propcision shows Tower Hamlets makes a decision on more planning applications than any other London borough, and approves far more developments than other boroughs, which could lead to a downwards [...]
Another knock to the Remoaners as mortgage lending boosted in August September 22, 2016 Pre-referendum fears about a housing market slump have been squashed today after the Council of Mortgage Lenders published figures showing a jump in mortgage lending in August. There was a seven per cent month-on-month rise in mortgage lending in August, CML said, with the total amount borrowed reaching £22.5bn. Lending was up 15 per cent annually, [...]
This new proptech startup wants to help generation rent buy their first home September 22, 2016 Zoopla and top investor Robin Klein are backing a new property technology venture designed to help first time buyers hop on to the incredibly difficult first rung of the property ladder. Wannabe homeowners can invest in a property Isa with Bricklane.com which launches today. Cash will go into a Real Estate Investment Trust (REIT), which will invest in rental [...]
Londoners will pay a £30,000 premium to live in the congestion charge zone September 21, 2016 Londoners are happy to pay extra for a home just inside the congestion charge zone, new research has revealed. According to research from the London School of Economics (LSE), homes inside the zone are £30,000 more expensive than the houses on the other side of the congestion charge boundary. Read more: House prices rebounded this month, hitting first-time buyers [...]
Brexhausted: The number of UK property transactions has plateaued as the market adjusts to new taxes and Brexit September 21, 2016 The number of property transactions fell in August year-on-year as the market adjusted to a more uncertain economic environment. There were 97,600 residential transactions in August, 6.1 per cent lower than in the same month last year, when adjusted for seasonal variations. The figures from HM Revenue and Customs (HMRC) show little change on the number [...]
Nearly 18,000 people have signed a petition calling for Sadiq Khan to save the Curzon cinema in Mayfair September 21, 2016 A petition to save the Curzon cinema in Mayfair – which is under threat of closure – has been signed by almost 18,000 people. The historic cinema has been on Curzon street since 1934, but it may be shut down after property developers made a noise complaint. Developers 38 Curzon Ltd want the cinema to pay for soundproofing [...]