Charles Dunstone gives backing to online estate agent HouseSimple January 21, 2015 Sir Charles Dunstone has moved from phones to burgers and student digs. Now the Carphone Warehouse founder has given around £5m of backing to an online estate agency aiming to shake up the high street. HouseSimple is one of a number of online players challenging high street estate agents by offering sellers a way of [...]
Lord Anderson’s old house up for sale in Westminster October 20, 2014 Stamped on the wall outside number four Lord North Street is a marking urging residents to proceed to their bomb shelters when the air raid sirens rang out. It’s an eternal allusion to the illustrious past behind one of Westminster’s largest homes currently on sale in one of the borough’s most famous roads. In her [...]
High stamp duty on prime property may prove self-defeating for the government October 2, 2015 In the days that followed the Conservative Party victory in May, the widely-held assumption was that normal service would resume at the prime end of the London housing market with double-digit annual growth. It was a proposition that never looked likely for several reasons, the principal one being a rise in stamp duty last [...]
Elizabeth Taylor and Michael Jackson are among the celebs earning more than you, even when they’re dead October 27, 2015 Since he died in 2009, Michael Jackson has earned a cool $1bn (£654m) – $115m in 2015 alone – placing him on top of the list of dead celebrities who haven't lost their earning power. Elvis, Bob Marley, Elizabeth Taylor, John Lennon, and Albert Einstein all feature on Forbes' list of 13 top-earning dead celebrities this year. Jackson has earned triple-digit [...]
House prices poised to jump again? New property listings plummet in July August 11, 2015 It's hardly been a buyer's market for several years now – but it looks like things are about to get worse for those in the market for a new home, after the number of properties being put up for sale fell 13 per cent between June and July, according to new figures. The study, by [...]
Vauxhall property prices: One of the last affordable places to buy a house in Zone One? October 15, 2015 Once, people would come from all over London for an afternoon out at Vauxhall Pleasure Gardens. It was one of the leading spots for public entertainment. But after it closed in 1840 – the owners went bankrupt – the area has never seemed to regain its former glamour. Now, that stretch of land is just [...]
Government sells off its final stake in Royal Mail – but only institutional investors need apply October 12, 2015 The government has announced plans to sell off its final stake in Royal Mail, two years after it began privatising the company – but true to form, only institutional investors will get a chance to buy the shares. In a statement today, it said had begun the process of selling off its remaining shareholding, which [...]
London business confidence dips amid rising wage costs, interest rates and Eurozone uncertainty October 6, 2015 London's businesses have reported a dip in confidence from the last quarter as they factor in rising employment costs, interest rate uncertainty and the political fall-out from Eurozone debates. The London Chamber of Commerce will release figures today showing the balance of companies that think the capital’s economic outlook will improve over the next [...]
Winkworth blames election for profit drop September 8, 2015 WINKWORTH shares dropped 6.5 per cent yesterday after the estate agent blamed the slowdown in activity ahead of the UK General Election for a sharp fall in profits. The company said revenues rose by 3.2 per cent to £2.57m in the six months to 30 June. This was against a very positive sales record last [...]
London house prices: This is how frenzied demand for London’s super prime homes became between 2007 and 2014 October 13, 2015 London's super-prime residential market may have cooled somewhat over the last year since tougher stamp duty rules came into force earlier the year. But new research seen today by City A.M. reveals just how frenzied the sales of £10m-plus homes in the capital’s golden postcodes surrounding Hyde Park has become since the financial crisis. Read [...]