Bashing landlords won’t bring down sky-high rents in London February 10, 2016 The proportion of households renting privately in London has more than doubled over the last 10 years. And with demand far outstripping supply, fears are mounting that London’s sky-high rents will rise even further. Some believe a simple fix would be for the winner of May’s mayoral election to introduce some form of rent control in [...]
London rent price rise 2015 defies traditional Autumn slow down November 17, 2015 London rents continued to climb in October, up 0.8 per cent, hitting an average of £2,063 despite the seasonal slowdown usually associated with Autumn months. The data suggests that London’s housing shortage, falling unemployment rate, and growing pay is the cause, according to the analytics company MIAC in its monthly Landbay Rental Index. So far [...]
London house prices: Solving the capital’s housing crisis needs more than just cynical promises from mayoral hopefuls March 24, 2016 Tottenham’s resurgence near the top of the Premier League seems to have dovetailed with its housing market, which has shot up 10 per cent in a year. Massive investment across north east London from long term investors such as Grainger, Argent and Legal & General is transforming the area, with a high focus on build to rent. Crucially, many [...]
London house prices to climb five per cent in 2016, says Royal Institution of Chartered Surveyors December 22, 2015 London house prices will climb five per cent next year as the shortage of homes coming to the market and rising demand lifts prices, according to a new forecast. The Royal Institution of Chartered Surveyors (RICS) said prices were forecast to go up despite the launch of government initiatives to boost homebuilding. However, London price growth is [...]
The Oscars 2016 by numbers: The cost of the Academy Awards in advertising, security and bling February 24, 2016 Oscars season is here again. But how much cash is shelled out – and by whom? Here’s everything you need to know. Oscar statuette: between $500 and $900 each The estimated cost of the famous Oscar statuette is a closely-guarded secret. “We have agreed with the Academy to never discuss [cost of] producing the statuettes,” [...]
UK house prices: London property prices to rise a third by 2019 as demand continues to outweigh supply November 9, 2015 London house prices will rise by almost a third between this year and 2019, new research has found, as demand in the capital continues to vastly outweigh supply. The CBRE Regional Development Land report forecast nine per cent growth this year, rising to 31 per cent by 2019. In the wider South East, prices will rise six [...]
UK house prices: Generation rent to fall further from the property ladder as only one in four will own a home by 2025 November 17, 2015 In ten years time only 26 per cent of so-called “generation rent”, those aged between 20 and 39, will own their own homes according to a study by accountants PwC. In 2013, 38 per cent of those in that age group had bought a house. The amount of 20-39 year olds renting privately by 2025 [...]
Proptech: Technology is poised to transform the UK housing market February 19, 2016 The phrase “fintech” has long since entered mainstream use, while buzzwords like adtech, edtech and medtech are becoming increasingly familiar too. Now a newish category is entering the technology startup lexicon: “proptech”. The UK’s property industry has remained stubbornly resistant to change, even as innovation reshapes entire verticals across the wider economy. Compared with, say, [...]
Airbnb co-founder Nathan Blecharczyk talks Japan, business trips and blockchain March 7, 2016 Most kids make it no further than the TV when they’re off school sick. But Nathan Blecharczyk, co-founder of Airbnb, wasn’t like most kids. Aged 12, at home ill one day, he taught himself how to programme using one of his dad’s – an electrical engineer – books. “I started buying more and more books. [...]
Autumn Statement 2015: Stamp duty surcharge on buy-to-let properties will hit tenants not landlords, claims Blick Rothenberg November 26, 2015 George Osborne's three per cent surcharge on buy-to-let properties will harm tenants rather than landlords, chartered accountant Blick Rothenberg has claimed. Announced as part of yesterday's Autumn Statement, the charge has been branded a "badly-timed mistake", which could have the unintended consequence of pushing rental rates up, as landlords look to offset the higher costs they [...]