Rental rates on Central London office space soars at fastest pace since the financial crisis November 10, 2015 London office rents are climbing at their fastest pace since the financial crisis, according to figures published today by a commercial real estate company. Rental values in Central London rocketed 10.3 per cent in the year to October, CBRE said, the first double-digit growth since April 2008. Demand for office space is high with 3.6m [...]
London house prices to reach £931,000 by 2025, more than double the UK average December 17, 2015 Just when you thought the housing market couldn’t get hotter: the average London house price is set to reach £931,000 by 2025. UK house prices are set to rise by 50 per cent, while rents will increase by more than 25 per cent by 2025, according to the Association of Residential Letting Agents (ARLA) and National [...]
Market Tech Holdings sees Camden Market empire jump in value to £870m December 3, 2015 Camden Market owner Market Tech Holdings said its sprawling 14-acre north London estate has jumped by 15 per cent in value, in its first set of half-year results since floating on Aim in December last year. The company, which is now eyeing a move to London’s main market, said its total investment and property portfolio [...]
Why the war on buy-to-let will make the UK housing crisis worse December 10, 2015 Landlords sighed with relief at the Conservative victory in the General Election in May. Faced with the threat of rent controls from the Labour Party, they had looked forward to a government that accepted the importance of the rental market, and supported its development while properly targeting the crooks renting out sub-standard accommodation. But [...]
London house prices: The capital leads the way with Build to Rent scheme October 19, 2015 Calls for more properties to be built in London to slow rampant price growth are being partly answered. The capital is leading the way in the Build to Rent scheme, with the number of rental developments in the pipeline more than double that in the rest of the UK. The scheme allows developers to build properties for rent [...]
Focus On London Bridge: Why house prices are on the rise next to The Shard December 11, 2015 Children in nursery may sing about London Bridge falling down, but in property circles, it’s building up and the sky’s the limit. The area first became a part of London’s fabric due to its famously crumbly bridge, which was built by the Romans and was the first to cross the Thames. It was originally made [...]
Housing market activity picks up after cooling over winter February 15, 2015 THE AVERAGE London residential property price was 2.8 per cent higher in February than in January, new figures show today. However, the average time it takes to sell has climbed to 69 days, according to the data released by Rightmove. It marks seven straight months of increase in the time taken to sell a property, [...]
Give industry some space, pleads British Property Federation, as the industrial sector faces increasing competition from housing for land December 1, 2015 The British Property Federation (BPF) has warned government not to neglect industrial development in favour of building housing. In a report released today, the BPF highlights the importance of the industrial sector for economic growth. The BPF also points out the crucial role the industrial sector plays in logistics, generating £100bn in gross value added [...]
Prime London residential rental growth slows to 17-month low as bank job cuts hit demand December 21, 2015 Job cuts and declining optimism at European banks has dragged rental price growth in London’s prime property market to its lowest level in 17 months, according to Knight Frank. The estate agency’s latest prime central London rental index fell by 0.4 per cent in December from the previous month, on the back of falling demand [...]
Autumn Statement 2015: Local councils allowed to take home all receipts from property sales November 25, 2015 Local councils will be allowed to keep all of the money raised from asset sales to reinvest in local services, the chancellor announced today, as part of a wider move to encourage the sale of hundred of billions of pounds of public sector land. In his Autumn Statement speech, chancellor George Osborne said locals governments [...]