London can’t afford to let rich Nimbys block live music in Brockwell Park Opinion Rich Nimbys are strangling the capital’s culture by blocking concerts in Brockwell Park, and the poorest Londoners will suffer the most, writes James Ford Do you remember when London was fun? Not just mildly fun, but properly and riotously so. A heaving metropolis where sweaty clubbers, ebullient party goers and merry music lovers packed themselves [...]
Lack of prime Mayfair houses triggers hotel and lettings boom Property Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]
They’re the real Ted Lasso – but there’s more to Hampton and Richmond Borough’s story Trialling 'VCFC' Can the Beavers be the test case for an innovative VCFC concept?
Young ‘upsizers’ drive demand for multi-million-pound homes in Mayfair April 6, 2024 London’s ultra wealthy have remained immune to the downturn in the housing market, with posh-pads in the exclusive neighbourhood of Mayfair now commanding a 50 per cent price premium compared to the rest of prime central London.
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
Value of posh pads in London’s richest postcodes falls by £50k November 30, 2023 The value of luxury flats in London’s poshest postcodes has fallen by 6.1 per cent in the last year as the capital’s mega rich put off buying homes amid the cost of living crisis. According to a new report by Investec Wealth & Investment, shared with City A.M., in the last year the average price [...]
Why has levelling up failed? November 17, 2023 Levelling up has become a semi-religious mantra to which Labour has joined in the ubiquitous chanting. Yet the scheme has been mired in criticism – its selection process was condemned as “corrupt” and local authorities are struggling to spend their lot.
Landlords in wealthy London boroughs feel the pinch as Chinese students ditch UK September 13, 2023 Landlords in wealthy London boroughs are feeling the pinch from international students choosing to study outside the UK, as rents in premium postcodes showed signs of slowing. The average rental value growth in prime central London (PCL) – which includes the likes of Chelsea and Kensington – fell to 12.4 per in the year to [...]
City Pages: The 10 books that should be on your list this summer July 10, 2023 From classic to contemporary, thriller or Booker prize winner, the City A.M. team picks the 10 top books that should be on your list this summer. 1. Victory City by Salman Rushdie It’s Rushdie, so you know it’s gonna be good, but this is really good. Framed as a translation of a 15th Century Sanskrit [...]
London’s wealthy put homes up for renting as mortgage rate rises bite June 28, 2023 London’s wealthy are placing their homes up for rent as they struggle to reach their ideal asking price on pads across upmarket boroughs such as Chelsea and Mayfair. Following the Bank of England’s decision to hike interest rates by 0.5 per cent, figures from estate agent Knight Frank show affluent sellers in some of London’s [...]