Michael Gove: Current levels of migration placing pressure on housing crisis November 27, 2023 Michael Gove has said current levels of migration were putting pressure on housing, after last week’s figures showed a huge spike in people coming to this country. The veteran Tory politician and secretary of state for levelling up, housing and communities who previously ran for leadership positions admitted the government hadn’t built enough homes ‘for [...]
Mortgage rates won’t dip below four per cent this year, experts say November 26, 2023 Mortgage rates are unlikely to dip below four per cent before the end of this year, industry experts told City A.M.
London’s mega wealthy turn to renting amid high interest rates November 24, 2023 London’s ultra wealthy are opting to rent instead of snapping up homes as high interest rates and a tough buyer market have dampened interest.
Londonmetric boss: Property market is a ‘long way from functioning normally’ November 23, 2023 Londonmetric has said the commercial real estate sector is still a long way from functioning normally, despite high demand for logistics.
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.
Wework collapse hits Helical as vacancy rate set to reach 25 per cent November 22, 2023 Helical said that vacancy across its portfolio will rise by 25 per cent once its agreement with Wework and Baker McKenzie come to an end.
Grainger Network Rail and Bloc Group announce partnership to build 2,000 UK homes November 22, 2023 Grainger has announced a partnership with Network Rail and the property developer Bloc Group to deliver 2,000 homes across Britain.
Workspace CEO: Wework’s demise will ‘benefit’ us November 22, 2023 The chief executive of Workspace has said that the demise of rival Wework will “definitely give the company some benefit.”
Green light for £500m Bishopsgate tower and Victorian bath house restoration November 21, 2023 The green light has been given to erect a new 23 storey tower in Bishopsgate, alongside the restoration of a historic Victorian Bath House, in the latest boost for the City’s skyline. As part of the development, which is being spearheaded by Landsec, the building at 55-56 Old Broad Street will be refurbished to create [...]
Shaftesbury Capital abandons Fitzrovia portfolio sale due to low bids November 21, 2023 West-End landlord Shaftesbury Capital has abandoned plans to sell a portfolio of properties in London’s Fitzrovia district after bids reportedly fell short of expectations. Now the real estate giant is plotting a move to sell the units individually or in smaller groups, a report in Bloomberg said, in the hopes that this will help generate [...]