Who’s switching jobs November 15, 2012 Maurice Turnor Gardner The law firm has announced the appointment Sarah Conway as partner in its residential property practice, effective January 2013. She joins from Allen & Overy, where she has worked since 1998. Conway has also held the partnership at Carruthers & Co, and focuses on residential property transactions for high net worth clients. [...]
Knight Frank says house prices may not return to peak till 2019 November 6, 2012 THE DOWNWARD correction to house prices gathered pace in October, according to data out yesterday, while one estate agent today predicted prices would not reach their pre-recession peak until 2019. The UK’s average house price slid 0.7 per cent into October, according to the Halifax house price index, meaning prices are some 1.7 per cent [...]
Record level of offices turned into residences October 30, 2012 THE NUMBER of offices being converted into homes is set to jump significantly over the next two years as developers chase higher returns for their property, according to property services firm DTZ. Strong growth in London residential values and weak demand for secondary office property is prompting developers and landlords to turn tired office blocks [...]
Metropolitan Police propose sale of New Scotland Yard HQ October 30, 2012 LONDON’S police force could leave its iconic New Scotland Yard base in order to meet tough cost-cutting measures imposed by City Hall, it was revealed yesterday. The Westminster building has been the force’s headquarters for 45 years but the Met says dramatic measures are needed if it is cut £500m from its existing £3.6bn annual [...]
London’s super prime property keeps top spot November 11, 2012 LONDON’S super prime residential properties continue to fetch higher prices than any other city in the world as ongoing economic uncertainty boosts the capital’s safe haven status, research by CBRE shows. The property agent said yesterday that average values in prime central London have increased 12.6 per cent since January, with Kensington and Chelsea, in [...]
The best Christmas gift can’t be found on the high street December 19, 2012 CHRISTMAS is a time of consumption and, this year, despite some conflicting statistics, central London seems heaving. The New West End company estimated that the first weekend of December saw 16 per cent more shoppers than in 2011, many from abroad. Retail sales in December are typically twice those of other months and, for many [...]
Morning, governor: Mark Carney takes charge at the Bank of England July 8, 2013 MARK Carney will today become the first foreign governor of the Bank of England in its 319-year history as he takes responsibility for turning Britain’s tepid economic growth into a fully fledged recovery. The Alberta-raised 48-year-old – dubbed “the outstanding central banker of his generation” by George Osborne – will celebrate Canada Day by starting [...]
London Report: FTSE chases record after rallying to an eight month high January 21, 2014 THE UK’S top shares consolidated near an eight-month high yesterday as reassuring news about economic conditions in emerging markets boosted consumer staples and financials, although miners weakened. The FTSE 100 touched its highest since May 2013, before pulling back in the afternoon, with traders citing caution on Wall Street as US markets reopened after a [...]
London Report: Vodafone helps FTSE eat further into 2014 losses February 6, 2014 BRITAIN’s top equity index rose for a second straight day yesterday, led by strong gains from heavyweight telecoms group which helped the market recover its poise after a recent five-day losing streak. The blue-chip FTSE 100 index, which had fallen for five straight days during the past two weeks, closed up 100.39 points, or 1.6 [...]
Key tourist attractions knocked by rainy summer and Olympics October 8, 2012 LONDON’S tourism hotspots have been hit hard by a combination of Britain’s wettest summer for 100 years and the distraction of the Olympic Games, an industry group revealed yesterday. Visitor numbers to London dropped by an average of 15 per cent in the three months to August 2012 compared to the same months in 2011, [...]