British home transactions jump in June July 21, 2015 THE HOUSING market picked up pace in June as both buyers and sellers returned to the market after shaking off uncertainty from the General Election. There were 104,590 residential property transactions in June, according to figures released yesterday by HMRC. It marks a 16-month high as well as a 4.7 per cent jump on May. [...]
This bank just moved into the Cheesegrater May 13, 2016 Lettings in the Cheesegrater, aka the Leadenhall Building, are creeping up: this morning the City's tallest skyscraper announced the newest of its tenants. Clydesdale Bank has signed a 15-year lease on the 17,300 sq ft 15th floor of the building, British Land and Oxford Properties, which co-own the building, said this morning. That pushes lettings at the [...]
Buy-to-let tax change: Why is business-friendly George Osborne punishing landlords and renting business? September 25, 2015 The majority of landlords put their faith in the Conservative Party in May believing the Tories had a better understanding of private renting than the other parties. So when the chancellor announced restrictions on the tax relief on buy to let mortgages, it came as a shock, with many feeling betrayed. The government claims the [...]
Israel’s property is going sky high: Tel Aviv’s Meier-on-Rothschild tower is a symbol of the city’s rapidly-growing residential market July 23, 2015 The ancient 3,000-year old city of Tel Aviv, which was built during the Ottoman Empire, with its stone houses and narrow streets, is transforming rapidly into one of the most progressive and international destinations on the planet. With an international, young, and stylish crowd, Israel’s largest metropolitan city has a record-breaking number of tech [...]
EU referendum: Savills posts record results but warns uncertainty surrounding Brexit vote could slow UK housing market March 10, 2016 Estate agency Savills posted a strong start to the year but warned that it expects the UK property markets to cool this year due to stamp duty reforms and uncertainty ahead of the EU referendum. The company beat analyst forecasts by posting a 21 per cent rise in pre-tax profit to £121.4m last year, fuelled by its expansion in the [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
Focus On Walthamstow: the outer London hotspot where house price growth is frankly ridiculous June 13, 2016 There was a time when the postcode East 17 was tainted in the popular consciousness by a band of shirtless youths with odd taste in hats. But, thankfully, those days are gone, and it’s been restored to its rightful owner, Walthamstow in north-east London, and it’s one of the fastest-growing, up-and-coming places in the capital. [...]
Buy to let rule changes proposed by the Bank of England see economists and landlords butt heads March 29, 2016 Economists and landlords were at loggerheads today in an unlikely battle between homeowners and number-crunchers over the latest clampdown on the buy to let (BTL) market. Following a four-month investigation, the Bank of England today announced plans to tighten the terms and conditions under which banks and building societies can offer mortgages to anybody purchasing residential rental [...]
It’ll take young Londoners more than a decade to save for one of David Cameron’s starter homes May 27, 2016 The government's new starter homes initiative has come in for a lot of flack – but this may be its most damning criticism yet. Yep: new figures by property services giant JLL show if the average young couple in the capital started saving now, they wouldn't get their hands on a starter home until 2028. That's more than [...]
Focus On Southfields: This south west London suburb is bucking the London property trend ahead of Wimbledon June 2, 2016 If you went down to Southfields today, you’d be in for a big surprise. Buying London property is hardly a teddy bear’s picnic at the best of times, but as buyers rush to the leafier outskirts in search of more affordable property, outer boroughs that were once overlooked are finding they’re in high demand. London [...]