Live with your head in the clouds September 26, 2013 Booming demand for residential property causes developers to reach for the sky LONDON has lifted its head firmly into the clouds in recent years as more gargantuan skyscrapers have sprouted up around the city. The Shard, the Heron Tower, the Walkie Talkie and their contemporaries have pierced the skyline and made a similar hole in [...]
Savills and Bellway boosted by stronger UK property market August 8, 2013 PROPERTY consultancy Savills said yesterday it enjoyed a 40 per cent rise in first half profits boosted by strong property markets in the UK and Asia. Underlying profit before tax grew to £26m in the six months through June from £19.7m in the same period last year, on revenue up 13 per cent to £399m. [...]
Berkeley says new homes to pass 2007 peak March 18, 2014 SHARES in Berkeley Group jumped 2.3 per cent higher yesterday after the housebuilding giant said that it is on track to complete 30 per cent more homes this year than at the peak of the market in 2007. The group credited the government’s Help to Buy mortgage scheme for boosting demand. The scheme provides taxpayer-funded [...]
How London can smash through the brick ceiling limiting housing supply April 9, 2014 OVER four days, 300 people queued in a field by Heathrow to buy a home. It was 1964, and for £50 people could fulfil their homeowning dream in the soon-to-be-built suburb of Sunbury-on-Thames. The first 187 people did. Those odds don’t feel dissimilar to those faced by Londoners in today’s booming property market. The answer [...]
Governor is spot on: Housing market is holding London back May 19, 2014 SPOT on. That is the only way to describe Mark Carney’s analysis of the woes of the UK housing market, which he attributes primarily to under-supply. I have my differences with the Governor on many issues, but it is excellent news that he has decided to throw his weight behind this issue. We are getting [...]
Artificially limiting rises in house prices will do more harm than good September 15, 2013 ECONOMISTS should be humbled by Friedrich Hayek’s famous plea: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” If only government and central banks – and those who lobby them – realised how little good came from their proposed interventions, and how [...]
Inside the £12m penthouse April 10, 2014 Take a tour of one of the City’s most exclusive new addresses HIGH atop the City of London, towering over Moorgate station, neighbouring Linklaters, London Wall and The Barbican, sits the first major residential development to be built in the City of London for three decades. As such, the developer behind The Heron – not [...]
Investment into Europe property hits record high March 10, 2014 INVESTORS from outside of Europe spent a record €36bn (£30bn) on European real estate last year, with US, Asian and Middle Eastern investors leading the charge. According to research released today by DTZ at Mipim, the property’s industry annual conference in Cannes, this represented a 26 per cent share of total volumes invested across the [...]
The 236 skyscrapers coming to London March 12, 2014 London’s skyline is set to change dramatically over the next decade. According to a report out today, over 236 towers over 20 storeys are being proposed, approved or under construction – more than double the number of high-rise buildings estimated to be in capital today. Traditionally a low-rise city, London’s skyscrapers have, until now, been [...]
The 236 skyscrapers coming to London March 12, 2014 London’s skyline is set to change dramatically over the next decade. According to a report out today, over 236 towers over 20 storeys are being proposed, approved or under construction – more than double the number of high-rise buildings estimated to be in capital today. Traditionally a low-rise city, London’s skyscrapers have, until now, been [...]