Two thirds of home buyers in London getting help from Bank of Mum and Dad August 28, 2023 Over two-thirds (67 per cent) of all homeowners in London receive parental support to purchase their homes, a report released by Legal and General (L&G) has shown. ‘Bank of Family’ recipients in London received £30,200 on average to support their transaction, only beaten by those in the East of England who received an average of [...]
Will the tail-end of summer mean more pain for the UK housing market? August 26, 2023 August, like much of the summer, has already proved a tricky month for the housing sector. Despite all major central banks slashing their rates in the wake of cooling inflation, buyer confidence still appears to be low. Last week’s Rightmove figures showed that the average price of a home fell by 1.9 per cent in [...]
London hotels are so much better when they stop refurbishing August 26, 2023 As a travel writer, my heart sinks when I check into a new London hotel and hear that it’s about to be refurbished. In fact, this goes for hotels all over the world. Sometimes a spruce up is necessary, of course, but most of the time it feels like hotels think the only way to [...]
Competition watchdog probes land banks in housing investigation August 25, 2023 The UK competition watchdog has said it will probe land banking by the country’s biggest housebuilders as it identified a number of concerns regarding the sector. The Competition and Markets Authority (CMA) formally started a probe into the housebuilding sector and the private rental market in February. It said it was looking into the housebuilding [...]
Cluttons swaps West End for Square Mile with new London HQ in Cannon Street August 25, 2023 Property consultancy Cluttons has moved its London office headquarters from the West End to the City. The estate agent has taken a 10-year lease at Yarnwicke on Cannon Street and will occupy 8,551 sq ft of space. It comes as Cluttons said it has experienced a period of “sustained growth” having hired a number of [...]
MPs who lose seat to see ‘winding-down’ payments DOUBLED August 25, 2023 MPs who lose their seat at the next general election will receive double the financial support. Winding-down payments designed to help departing MPs close their office and manage the departure of staff will also now be available to those who step down at the election. MPs received two months’ wages after losing their seats at [...]
Watches of Switzerland share price plummets 27 per cent after Rolex deal for Bucherer August 25, 2023 Shares in Watches of Switzerland fell over 27 per cent this morning following news that Rolex had bought fine jeweller Bucherer AG. This morning the luxury watch seller, which deals Rolex timepieces, tried to stave off investor concerns that the acquisition would hinder sales at the company. “There will be no change in the Rolex [...]
7 amazing things to do in London this weekend August 25, 2023 It might be the end of August already, but there are still plenty of things to do in London to keep the summer feels alive for a little bit longer. A range of festivals and outdoor events are coming up this weekend to help you squeeze the last drop out of the summer holiday. Here [...]
The Crown season 6: details emerge about Princess Diana death scene August 25, 2023 It is one of the most talked-about TV moments of the year and The Crown season 6 hasn’t even happened yet. Netflix’s The Crown is set to air a storyline about Princess Diana’s death later this year when the final series comes out in November. Critics have hit out at the show for dramatising the [...]
John Lewis Partnership on the hunt for over 8,000 Christmas staff August 25, 2023 John Lewis Partnership is recruiting for more than 10,000 roles, 8,400 of which are seasonal Christmas positions. The employee owned business, which owns department store John Lewis and grocery store Waitrose, said that successful candidates will receive a competitive salary and training. “We’re hugely proud of the way our two brands have become part of [...]