London house prices: More than a third of London properties have had their prices cut September 1, 2017 There was more evidence London house price growth is slowing down this morning, after new figures showed more than a third of properties on sale in the capital have had their prices cut. Some 37 per cent of London homes have been discounted since they went on sale, up from 32 per cent in March. [...]
London house prices: A £90m Knightsbridge flat is the most expensive home on record August 31, 2017 The £90m purchase of an apartment in Knightsbridge is the most expensive residential property transaction ever recorded by the Land Registry, it turns out. Capital FM owner Ashley Tabor bought the massive four-bedroom penthouse flat at 199 Knightsbridge in April this year, with plans to knock it through into the apartment he owns next door [...]
It’s official: A £90m Knightsbridge flat is the most expensive home on record August 31, 2017 The £90m purchase of an apartment in Knightsbridge is the most expensive residential property transaction ever recorded by the Land Registry, it turns out. Capital FM owner Ashley Tabor bought the massive four-bedroom penthouse flat at 199 Knightsbridge in April this year, with plans to knock it through into the apartment he owns next door [...]
The future of shopping malls and what it means for property investors August 30, 2017 The growth of e-commerce is reshaping the retail world. Online sales have been growing globally at an annual rate of close to 25% in recent years. This holds ramifications for the world’s shopping centres and malls as retailers re-evaluate their ‘bricks and mortar’ store strategies. Investors in commercial real estate funds, which often own retail [...]
London shopping: H&M Group unveils new vision for retail with opening of Arket brand on Regent Street August 24, 2017 H&M Group is set to unveil its new approach to retail tomorrow with the launch of its Arket brand in London. The store on Regent Street will sell clothes for men and women as well as homeware items in a format that is intended to appeal to shoppers looking for more than just products, but [...]
HMS Queen Elizabeth, the Royal Navy’s largest warship, has arrived home in Portsmouth August 16, 2017 The Royal Navy’s largest ever warship, the HMS Queen Elizabeth, sailed into her home port of Portsmouth for the first time today. Sailors lined the flight deck while the ship was greeted with a flypast from the Fleet Air Arm, including Wildcat and Merlin helicopters and Hawk jets. At 280m, the ship is longer than [...]
UK house prices: London and the south east housing market slowdown drags down the UK average August 10, 2017 A slowdown in the London and the south east housing market has pulled down the UK average, according to the Royal Institution of Chartered Surveyors (Rics). A net balance of just one per cent of surveyors reported prices increasing instead of decreasing in July, down from seven per cent in June. This was the weakest [...]
Harrods Bank sold to digital challenger Tandem | City A.M. August 7, 2017 The banking arm of luxury department store Harrods has been sold to digital challenger bank Tandem in what’s understood to be a multi-million pound deal, City A.M. can exclusively reveal. The Harrods Bank brand will disappear as Tandem takes over the loss-making bank’s business, including loans, savings and current accounts. The deal is a left [...]
UK house prices: House prices fall for fourth successive quarter, according to Halifax August 7, 2017 House prices fell by 0.2 per cent in the last three months, the fourth quarterly fall in a row. Prices rose 0.4 per cent between June and July, according to Halifax’s house price index, a partial turnaround from the 0.9 per cent fall in house prices recorded between May and June. The last time house [...]
Housebuilders have become hooked on the government’s help to buy scheme August 7, 2017 Have we witnessed the beginning of the end of help to buy? Shares in UK housebuilders plummeted at the end of last week after reports suggested the government has asked the London School of Economics (LSE) to review the scheme’s efficacy. It is arguable the scheme, whose first iteration was launched in April 2013, is [...]