UK house prices will continue climbing, but don’t expect rates to be hiked as a result November 18, 2015 The housing market has always been key to the UK economy. People who move house often undertake home improvements, and strong demand (in theory) leads to more houses being built, both of which boost GDP. Given the major impact this can have on future interest rates, the UK housing market has traditionally been crucial for [...]
The rental market is starting to cool off a bit June 8, 2016 The rental market cooled slightly over the past few months as the rate of increase in prices slowed – although rents still rose in the three months to May 2016. Rents agreed on new tenancies in the UK over the past three months were up 4.4 per cent compared to the same period last year, [...]
Experts have predicted house prices will drop for the first time since 2012, with London hit hardest June 9, 2016 Experts are predicting UK house prices will drop for the first time since 2012 in the coming months. According to a survey conducted by the Royal Institution of Chartered Surveyors (RICS), members, UK house prices will drop rather than rise in the next three months. London is expected to be the hardest hit with 43 per [...]
Only one in four estate agents think Brexit would hit house prices May 26, 2016 Most estate agents are confident that the demand for housing in Britain is so strong that Brexit would fail to dampen it. New research out today shows that only one in four estate agents think demand would weaken in Britain votes to leave the EU in the June referendum. In the survey from National Association of [...]
MPs and analysts issue fresh nuclear warnings over Hinkley Point project September 15, 2016 Fresh warnings have been triggered over the cost, security, and deliverability of Britain’s first new nuclear reactors for decades following yesterday’s green light for the £18bn build at Hinkley Point in Somerset. Hinkley Point C will be built by France’s EDF with £6bn of Chinese investment. It is effectively subsidised by the UK taxpayer under the [...]
Great Portland Estates chief exec in Brexit warning to London property market July 7, 2016 The head of one of London’s biggest landlords, Great Portland Estates, has issued a warning about the effect Brexit uncertainty will have on the capital’s property market. GPE chief executive Toby Courtauld said he expects London’s commercial property markets to “weaken during this period of uncertainty”. Read more: Great Portland Estates boosted new lettings despite [...]
Let’s celebrate the incredible generosity of spirit that powers London’s businesses October 3, 2016 In my role as lord mayor, I lead business delegations to key international markets to strengthen commercial ties and promote Britain as one of the best places in which to invest and trade. I am always struck by the positive perception of the UK as not only a good place to do business, but also as a [...]
London’s poshest properties may be past their peak due to UK’s referendum vote July 1, 2016 Prime property in London has been losing some of its shine this year. The political and economic uncertainty in the UK has been weighing on London's high-end homes, as research shows prices fell in the second quarter of 2016. The average value of a prime property in central London fell 1.4 per cent in the quarter, [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
Focus On Regent’s Park: Celebrity-packed Nash terraces and luscious parklands make NW1 “super-prime” London September 23, 2016 If you want to go celebrity spotting in London, you could do a lot worse than Regent’s Park. High profile residents of this historic area surrounding the royal park of the same name include Damien Hirst, Christian Candy, Gwen Stefani, Jamie Oliver and Kate Moss, not to mention all the Middle Eastern royalty and Russian [...]