Home extensions pile on the pounds to property values July 20, 2015 The alterations and extensions made to people's homes have added billions of pounds to property prices across Britain. Over the last 12 months, the work has added a combined £6.5bn to the value of homes, as nearly a quarter of a million owners made changes, adding around £30,000 per property on average. In London, where homeowners have [...]
Acton, Earls Court, Old Oak Common and Nine Elms: These are London’s next 10 housebuilding hotspots October 7, 2015 The capital's supply of homes for sale – both new-builds and people putting their previously-loved properties on the market – continues to be pathetically low. But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions. Knight Frank's Global Development Report highlights the areas where the biggest [...]
The super-rich paying a £50,000 deposit to RENT in London August 20, 2015 With rising house prices placing home ownership out of reach for many and overseas investment rife, London’s lettings market is booming. But the commonly-painted picture of young professionals struggling to pay for their grotty house share in Dalston only tells one side of this increasingly complex story. For competition isn’t only fierce at the affordable [...]
Autumn cooling for the capital’s housing market December 16, 2014 UK HOUSE price growth slowed in October, official figures revealed yesterday, with the cost of housing in London falling compared to earlier in the year. Prices in the capital were 1.9 per cent lower than in August, the Office for National Statistics (ONS) said. The average residential property in London still costs in excess of [...]
Maine Tower: More apartment hysteria as another residential skyscraper at Canary Wharf sells out in hours July 13, 2015 It turns out those working at Canary Wharf are really keen to kill their commute, after 208 homes at a newly-launched residential tower in the district sold out in four hours – a week after buyers queued around the block to snap up homes at another block. Read more: As first homes go on sale at [...]
Tooting property prices: A fun, if a little pricey, area to buy a house on the Northern Line September 23, 2015 Not only does Tooting bear one of the most charming names out of all of London’s precincts, the Zone Three area has pretty good connections to the central London thanks to the Northern Line. A largely residential area, the rows of terraced housing have recently proven popular with the hordes of young professionals that [...]
Profits double at Aldermore as lending grows August 28, 2015 The Chief executive of Aldermore yesterday shrugged off the impact of UK tax changes on the challenger bank’s growth trajectory, as the firm revealed that it more than doubled profit in the first half of the year. The six-year-old bank beat expectations with an underlying pre-tax profit of £44m as it issued more mortgages [...]
Singapore firm builds Galliard with £50m stake July 15, 2015 SINGAPOREAN property developer Oxley Holdings has bought a 20 per cent stake in Galliard Group for £50bn in a bid to expand within London. Oxley, which operates in Singapore, South East Asia, the UK and Ireland, already owns Royal Wharf in east London. It said its stake in Galliard will give it “greater capacity and [...]
Highest London house prices dip: Kensington and Chelsea, Camden and Richmond fall as bottom end gets boost from first-time buyers July 19, 2015 Some of the capital’s most expensive residential areas saw house prices drop sharply this month, according to data released today, with high demand supporting the lower end of the market. In Kensington and Chelsea, London’s most expensive borough to buy in, prices dropped 7.2 per cent from June to July, according to Rightmove. [...]
Tower Hamlets rejects British Land’s major Shoreditch Estate development in Norton Folgate July 22, 2015 Tower Hamlets has rejected planning permission for a major new development put forward by British Land. The council threw out proposals for the Norton Folgate scheme, otherwise known as the Shoreditch Estate, during last night's strategic development committee. Had it been successful, the development would have comprised 320,000 sq ft of office, residential [...]