King’s Speech: Labour to phase out leasehold system July 17, 2024 Labour will ban the sale of leasehold flats and attempt to replace the system with commonhold, according to plans unveiled in the King's Speech today.
Ray-Ban owner blames wet British summer for slower sales May 15, 2024 "One of the wettest summers in recent history" dimmed the rise in sales at the owner of Ray-Ban in 2023, it has been revealed.
Dreary summer pushes consumer spending to three-year low July 9, 2024 The Barclays report found it was also not enough to keep footie fans away from the pubs, bars and clubs, which saw "modest" year-on-year growth in June, up 0.5 per cent.
Crash? What crash? House prices defy gravity though London lags slightly March 20, 2023 House prices continues to defy expectations with a steady recovery this month that has seen the average property coming onto the market increase by £3,000. Asking prices for new sellers do still remain £5,800 below their peak in October 2022. London’s average asking price fell by 0.1 per cent in March, leaving the average price [...]
BlackRock holds top spot for tenth time in ‘another bruising year’ for UK fund industry February 7, 2024 BlackRock came in first place for gross retail sales throughout the year, followed by Legal & General, Fidelity and HSBC AM.
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
House price sentiment at its weakest in 13 years, as fears of recession blight market January 19, 2023 House prices continued to fall towards the end of 2022, according to the Royal Institution of Chartered Surveyors (Rics). The Rics house price balance fell to -42 in December compared to -26 in November, and meant that 42 per cent of surveyors who took part in the survey noted a fall rather than a rise [...]
Conde Nast sells Vogue House to shipping billionaire January 9, 2024 Conde Nast has sold its infamous Vogue House to an Israeli shipping billionaire.
Unforgotten season 6 maker enjoys bumper year ahead of popular ITV show’s return May 22, 2024 The television studio owned by ITV behind the latest series of popular detective drama Unforgotten enjoyed a bumper 2023 with its revenue rising to its highest level for eight years.
It’s not just the BT Tower: London’s property developers look to turn offices into hotels March 23, 2024 Over a quarter of office sales made in the year to March have been from buyers who wish to turn the buildings into hotels, offering a lifeline for London’s downtrodden commercial property market.