Londoners rent out homes by the hour to offset rising costs, says Peerspace boss August 2, 2022 There has been a “huge uptick” in Londoners renting out their homes by the hour, as a cost of living crisis and an explosion in content producing for the likes of TikTok and YouTube collide, according to one property venture’s boss. After launching in the UK last year, Peerspace, a marketplace for “off the beaten track” [...]
One in five Londoners look to downsize family home to fund retirement May 24, 2022 Almost one in five Londoners are planning to downsize their home to help fund their retirement, according to a new study, as the cost-of-living vacuum shakes down savings. Homeowners in London lead the way in the plan to swap their family home for a smaller property and stow away the windfall cash for the future, [...]
Mayor of London: Highest number of council homes started since 1970s December 16, 2021 The Mayor of London’s office has said it has “breathed new life into homebuilding” with some 4,689 new council homes started this financial year. Sadiq Khan said it was the highest number of new council homes since the 1970s, under the Mayor’s Building Council Homes for Londoners programme. The number of homes started annually had [...]
London misses out as Binance taps Paris as home of European HQ May 4, 2022 Crypto exchange Binance has confirmed Paris will be the home of its European Headquarters after securing approval from local regulators.
London’s billionaire home buyers market doubled last year January 4, 2022 The London market for multi-millionaire and billionaire home buyers doubled during 2021, with Russian and Chinese buyers set to inject new energy into the market this year. According to a survey from Beauchamp Estates, in 2021 there were 32 sales for London homes with price tags topping £15m, compared to 17 sales in 2020. Over [...]
Home owners at risk of house price crash with London properties facing record value drop of £93k October 5, 2022 Should the market decline at the same rate as the 2008 financial crisis, as predicted by some analysts last week, it could wipe almost £54,000 from the value of the average property in Britain, according to new data shared with City A.M. this morning. The research shows that the average house price across Britain fell by [...]
Build, Baby, Build: If you want growth, you need social housing July 24, 2024 Key workers are being priced out of renting in London, placing huge human and economic costs on the capital. By recognising the value of social housing to people and to the economy, we can make the case to build more much-needed social housing in London and create a more affordable, more inclusive city for all [...]
The new landlord in town: John Lewis to build homes on two London Waitrose sites June 9, 2022 John Lewis is preparing to pitch itself to Londoners as an affable landlord, revealing plans for two rental developments at Waitrose sites in the city. The retailer set out early plans to for build to rent developments in Bromley and West Ealing in London, as well as a vacant John Lewis warehouse in Reading. The [...]
Sadiq Khan sets aside £43m for Londoners struggling to keep homes warm May 31, 2022 London mayor Sadiq Khan has set aside £43m to boost his Warmer Homes programme, which seeks to support those in poorly insulated properties. With energy bills expected to rise again this winter, amid a cost of living crisis, Khan is looking to create grants of between £5,000 and £25,000 available to low-income households. Energy regulator [...]
Frenzy for homes in prime London as stock levels fall dramatically February 16, 2022 The number of rental homes available in the priciest parts of London are significantly down in comparison to last year, thanks to frenzied demand. According to research from LonRes, rental stock was 67 per cent down in January compared to the year before. Similarly, the number of homes for sale was down 16 per cent [...]