Prices for central London’s luxury homes are falling – but outer areas are becoming less affordable September 21, 2016 London's luxury homes are set to have their prices cut by nearly 10 per cent this year, but prices in the capital's outer boroughs will continue to become less affordable, according to new research. Property services giant Savills has predicted prices on high-end homes in central London will drop by nine per cent this year and won't return to growth [...]
Playing at home: Barratt plans Upton Park housing overhaul September 20, 2016 Upton Park, the former home of football team West Ham United, is set to be made in to 842 new homes in the London Borough of Newham. Residential property developer Barratt London has taken on the project and plans to rename the area Upton Gardens. The plans include 211 so-called affordable homes. Read more: West Ham's Karren [...]
Small housebuilders are struggling to find appropriate land to build on September 20, 2016 The biggest challenge for small and medium housebuilders in the UK is the lack of suitable land to build on, a survey has found. The report from the Federation of Master Builders (FMB) has revealed two thirds of medium sized developers can't find land to develop, making it impossible to build enough homes to meet [...]
More property funds suspended after Brexit are being reopened September 19, 2016 Henderson Global Investors has announced it will reopen the UK property fund it suspended in the aftermath of the EU referendum. Henderson was among several asset managers to suspend trading on funds during the summer. Read more: Brexodus: Retail investors took £3.5bn out of funds in referendum month Aberdeen Asset Management, Columbia Threadneedle and Canada [...]
These are the views from across the world Londoners most want to see from their windows September 19, 2016 Unless you're lucky enough to live in one of the capital's multi-million pound mansions or have nabbed a flat overlooking a royal park, there's a strong chance you'd like to upgrade the view from your bedroom window. In the latest piece of research that no one really asked for, one in seven homeowners in London have [...]
Kingsfisher is looking for a new London headquarters September 19, 2016 Kingfisher is looking for a new London headquarters, it has emerged, which is set to boost the commercial property market after the difficulties facing the sector following the Brexit vote. According to the Telegraph, the retailer behind B&Q and Screwfix is looking for a HQ of 300,000 square feet, and has appointed Cushman & Wakefield to find the [...]
House prices rebounded in September after the Brexit vote lull September 19, 2016 UK house prices are rebounding from the lull that immediately followed the Brexit vote, according to data from Rightmove. Asking prices have increased 0.7 per cent month-on-month, Rightmove said. In the weeks after the Brexit vote, Rightmove found that prices fell by 0.9 per cent. But first-time buyers are finding it increasingly difficult to get on [...]
These are the cities with the biggest generational divide September 18, 2016 The gap between the old and young is growing across the country as the high cost of buying a home divides the generations – literally. The generations are becoming increasingly segregated, a new study has found, with Cardiff and Brighton named the cities with the biggest divide between young adults and retirees. London was ranked the sixteenth [...]
Open House 2016: Book up or start queuing early – here’s our pick of the landmarks to see at this year’s festival September 16, 2016 It’s that time of year again when ordinary folks like you and me are given free rein to snoop around other people’s houses. That’s right, Open House is back, a whole weekend dedicated to exploring London’s architectural gems, including famous landmarks and buildings usually closed off to the public. Explore national icons – like The [...]
Opinion: The Night Tube won’t have any effect on house prices until it runs during the working week September 16, 2016 If the Night Tube was introduced during the working week, then it would be a game changer. It would mean people who work shifts – such as ambulance workers, fire fighters, nurses, junior doctors and other professionals who provide around the clock support to the community – wouldn’t need to pay high central London rents [...]