Housebuilder Berkeley on track to post £600m profits despite Truss’ mini-budget shocks March 10, 2023 Housebuilder Berkeley said it was on track to post a boost in pre-tax profits for the full year despite demand failing to fully recover from the shocks which came in the wake of Liz Truss’s disastrous mini-budget. In a trading update this morning, the FTSE 100 firm said it expects to deliver a pretax profit [...]
First time buyers ‘still getting raw deal’ with £449k average price for London home December 2, 2021 First time buyers paid an average price of £449,000 for a London home, fresh statistics outlined today. Third quarter average prices were down from £478,000 in the second quarter as the market cooled off from pandemic highs, according to the Office for National Statistics. The average advance in the last quarter was £309,339 while the [...]
£15bn worth of London homes sit empty, as Londoners squabble over supply July 20, 2021 The value of London’s homes sat empty has racked up to £15bn, according to new data, as a rung on the property ladders edges further away from Londoners. London has made a name for itself as a destination for ultra-wealthy buyers to snap up prime real estate as assets and holiday homes, while prospective homeowners [...]
Another fine mess: Thames Water leaves large parts of London with low water pressure — or no water at all September 13, 2023 Thousands of West London homes have been left without water, or with low water pressure, Thames Water has admitted this morning.
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
Gove’s housing plan is still stuck in a disjointed era of the suburbs vs the centre August 4, 2023 Even with a ‘bold plan’ for urban centres, Michael Gove’s housing plan doesn’t know how to connect the suburbs to the city, writes Jonathan Seager.
London sellers failing to acknowledge the property market has ‘begun rebalancing’ November 28, 2023 Desperate London home sellers have been accepting average discounts of as much as £25k on asking prices as the property market has seized up.
Topps Tiles’ sales continue to fall as homeowners steer clear of ‘big ticket’ DIY July 3, 2024 The London-listed Topps Tiles Group has seen sales drop year-on-year as it says demand for big-ticket home projects remains low amid a "challenging" macroenvironment.
House prices “under greatest pressure” in London and south east as rate hikes take their toll May 9, 2023 The average price of a home dipped slightly by 0.3 per cent in April but homes in the South of England and London remain "under the greatest pressure” as they face the most expensive property prices and borrowing costs.
Find your new home by the riverside at Leaside Lock, East London’s newest neighbourhood October 18, 2021 A new collection of contemporary studios, 1, 2 & 3 bedroom apartments in Bromley-by-Bow is launching 13th November, available with the London Help to Buy: Equity Loan* scheme on selected plots. As the prices in nearby Bow, Hackney Wick, Bethnal Green and London Fields have dramatically risen in recent years, many first-time buyers are finding [...]