The rental market slowed after Brexit – and estate agents are seeing landlords worried about uncertainty July 25, 2016 The rental market stagnated immediately after the Brexit vote, according to a survey by the Association of Residential Letting Agents (ARLA). The report found that more than one in ten (12 per cent) of letting agents have reported a dip in rent, but 77 per cent said there was no change in rents. Read more: Rental [...]
London housing crisis may be fuelled by long-term Airbnb letting, landlords body suggests September 2, 2016 London's housing shortage is being fuelled by a rise in long-term letting via sites such as Airbnb, a new report has suggested. Airbnb has hit back at the research, describing it as "misleading". The Residential Landlords Association (RLA) research in June found that 61 per cent of entire homes and apartments listed on Airbnb are available [...]
What Brexit? House prices inched up in July July 28, 2016 Brexit, what Brexit? The property market defied the uncertainty of the EU referendum result – for now – new data reveals. The full impact on the housing market has yet to be felt as prices edged up ever so slightly in July, according to Nationwide. Read more: Property shares are sliding after downbeat house price forecasts Property [...]
Stamp duty changes set to boost residential property sales December 10, 2014 The newly reformed stamp duty tax is set to boost residential sales, according to a Royal Institution of Chartered Surveyors’ (Rics) market survey released today. The surveyors are forecasting a sales boost of between two and five per cent. The reforms ended the so-called slab structure of stamp duty and reduced the tax burden [...]
Property of the Week: How one design-focused couple turned their house in Mile End into a million pounds September 16, 2016 Over 20 years ago, Antonius and Claire Wubben, a couple with a strong background in design, started looking for a property to buy in the East End of London as they were fascinated with the area’s typical Victorian architecture, the tight-knit community living there and its residential streets. They finally landed on an 1880s three [...]
Berkeley Group has suspended construction on a £20m housing scheme in Barnes September 2, 2016 Berkeley Group may have just dropped out of the FTSE 100, but that's unlikely to have stopped rival developers from keeping a close eye on its activities. Tony Pidgley, the company's founder, famously called the top of the London housing market during the recession. Now he's taken the decision to, er, stop building a small [...]
City Moves for 2 August 2016 | Who’s switching jobs August 2, 2016 Legal & General Capital Legal & General Capital has appointed Lauren Aitchison as head of strategic land. Reporting to James Lidgate, director of housing, Lauren will lead the management and utilisation of LGC’s extensive land portfolio with potential for residential and commercial uses. Lauren will also be looking to identify new land investment opportunities, to [...]
British Land says investors will be cautious after the Brexit vote July 18, 2016 FTSE 100-listed commercial property giant British Land said this morning it expects investors and occupiers to take a cautious approach to property in the aftermath of the Brexit vote. The figures Since the EU referendum vote, British Land has secured the sale of Debenhams' Oxford Street store for £400m and the company has made 17 long-term retail leases totaling 58,000 sq ft, for [...]
London property prices: Luxury homes are so expensive in London, the uber-rich are going bargain hunting in New York November 30, 2015 Luxury homes in London cost "double" those in New York, new research has suggested – meaning super-wealthy Britons are increasingly going bargain hunting in Big Apple. The Transatlantic Wealth Report, by upmarket British estate agent Beauchamp Estates and New York equivalent Leslie J Garfield, found the value of luxury homes in London's most exclusive areas is typically [...]
House prices in City fringe areas of Shoreditch, Clerkenwell and Hoxton have surged by 62 per cent since 2008 December 7, 2015 House prices in London’s City fringe have surged since the crisis to outperform the wider London market, new research shows, thanks to the booming popularity of areas such as Shoreditch, Clerkenwell and Wapping to live as well as work. According to property advisory firm CBRE, average residential property prices in the City fringe have soared [...]