Mayor of London reiterates calls for two year rent freeze amid ‘crisis’ facing capital’s renters November 14, 2022 The Mayor of London has reiterated calls for an immediate rent freeze in the capital as London average rental prices are more than double that in other UK areas. Sadiq Khan said he would host an emergency summit over the challenges facing renters in the city, echoing previous calls for a two-year rent freeze. Tenants [...]
Grainger’s occupancy rates remain ahead of expectations February 9, 2022 Grainger's occupancy rates have risen to 97 per cent, ahead of expectations, according to its latest trading update.
House prices grow for tenth month in a row, but market continues to cool June 1, 2022 House prices have growth for the tenth month in a row, according to the latest figures, though costs are continuing to slow in their steamroll. The average price of a home in the UK grew 11.2 per cent to £269,914 in May, slowing slightly from the more than 12 per cent growth reported in April, [...]
London’s Right to Buy-back scheme unlocks over 1,500 council homes August 9, 2022 More than 1,500 London homes have been brought back into public ownership over the past year, under London mayor Sadiq Khan’s Right to Buy-back scheme. The scheme, announced last July, aims to boost the capital’s supply of council homes, giving 14 boroughs access to £15m to buy back properties which have been – or will [...]
London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
‘Docklands 2.0’: Michael Gove outlines vision for new higher density London July 24, 2023 Michael Gove has outlined the government’s vision to create a “Docklands 2.0” in a key speech on housing policy, calling for higher density urban development. The housing and levelling up secretary cited the “ambitious approach” of Margaret Thatcher and Michael Heseltine and warned housing “inefficiency” is costing Britain’s productivity. It comes as the prime minister [...]
Costa Navarino: Greek golf hotspot is the stuff of legend August 20, 2024 The four-resort, 1000-hectare site was the dream-turned-reality of Greek shipping tycoon Vassilis ‘Captain’ Constantakopoulos.
Look inside: London’s smallest flat sold at auction for £90,000 February 24, 2022 London’s smallest flat sold at auction on Wednesday for £90,000, well above the guide price for the 75 sq ft property. Located on Saratoga Road, Hackney, the property – images of which were shared around Twitter in the days before the auction – sold for 20 per cent over its guide price of £75,000. The [...]
Landlords hiking rents at fastest pace since 2008 as demand for housing in London shoots up November 16, 2021 Private sector rents in September were 4.6 per cent higher than a year earlier at £968 per month on average, marking the strongest growth in 13 years. The fastest rice since 2008 comes as strong demand outstrips supply, according to an index. Excluding London, rents across the UK were up by 6 per cent annually, [...]
Renters return: London rental market makes up 4.3 per cent of city GDP September 24, 2021 Around £21.4bn is generated in rental income in London alone, which equates to some 4.3 per cent of the city’s GDP according to new research. The research, from Sequre Property Investment, found that – unsurprisingly – the capital topped the list as the region with the highest rents and the most privately rented homes. Across [...]