City rents jump on supply crunch February 2, 2010 RENTS in the Square Mile will rocket by 19 per cent this year as a slowdown in the rate of new developments creates a supply crisis, property consultant Knight Frank warned yesterday. Rates are predicted to jump to £52.5 per square foot as international companies expand their City headquarters and the availability of space falls. [...]
Hutchings row strikes Lupus January 25, 2010 LUPUS Capital, the manufacturing investment group which remains embroiled in a leadership battle with founder Greg Hutchings, said yesterday it expects to post a nine per cent fall in annual sales after a highly disruptive year for the company. Lupus has yet to call a general meeting requisitioned a fortnight ago by entrepreneur Hutchings, who [...]
Q&A: BUYING September 10, 2009 Camilla DellMANAGING PARTNER AT BLACK BRICK Q. Dear Camilla, I have had my offer accepted on a house, have had everything done but now the seller has decided to pullout with no explanation. Is there anything I can do legally to prevent this? A. One of the fundamental problems of purchasing a property in the [...]
FOCUS ON: CLAPHAM January 14, 2010 39 BEAUCHAMP ROAD, SW11 1PG Price: £1.1m Located on a quiet residential street, this smart five-bedroom family home is within walking distance of Clapham Junction, which has transport links into the centre of London (23 minutes from Bank) and to Gatwick. Those needing plenty of storage space will benefit from the cellar and the possibility [...]
At auction, there are bargains for cash-rich buyers September 10, 2009 PROPERTY prices might well be looking up at the moment, but the market is still gridlocked. Buyers struggling to get mortgages and others worried that they might lose their jobs. It’s no fun being in a chain right now. Which is why auctions are becoming more popular. Gary Murphy, partner and auctioneer at Allsop, which [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 3, 2010 FINANCIAL TIMES POLICE SHUT DOWN MARIPOSA HACKER RING Police, private security experts and internet service providers said yesterday they had shut down the Mariposa botnet, one of the largest networks of hacked personal computers discovered. It had siphoned off financial and other information from inside half of the largest 1,000 US companies. Computers using about [...]
Emerson slips into the red November 29, 2009 EMERSON Group, one of the largest private housebuilders in the UK, halved the number of homes it built in the year to April due to depressed demand from first-time buyers. The company said it decided not to follow other industry players in offering discounts of up to 30 per cent on new properties, instead completing [...]
Property market bottoms out, Barclays Wealth says November 29, 2009 CONFIDENCE in both residential and commercial property is on the up, a report out from Barclays Wealth will show today. The survey, the tenth in a series from the global wealth manager and the Economist Intelligence Unit, will show that twice as many respondents (35 per cent) say they are planning to increase their property [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2009 FINANCIAL TIMES BAXTER BEHIND ON ORDERSBaxter, the US pharmaceuticals company, has failed to meet its pledge to rapidly deliver flu vaccine, stalling efforts to reduce the impact of the pandemic. British officials said they had received less Celvapan vaccine than agreed with Baxter, one of two companies with which the Department of Health signed a [...]
Q&A: RENTING November 26, 2009 Louise SavageDIRECTOR OF RESIDENTIAL LAND Q. Dear Louise, I’ve seen a lot of websites springing up where you can rent out your property independently. I’m tempted but I’m a bit nervous. What do you think?A. These websites have their place in the market in exactly the same way that letting agents do and they will [...]