Housing stock running dry triggers market slowdown, new data suggests April 22, 2022 Homes changing hands has drastically slowed since the beginning of the year, with the market running dry of properties, according to the latest data. The number of properties up for sale has plunged a third, compared to stock levels available before the pandemic, research by Savills and data analyst TwentyCi has found. The UK’s property [...]
Dramatic clip shows moment renters are ‘attacked’ at London estate agent over ‘illegal eviction’ April 21, 2022 Dramatic footage has emerged online of showing the moment tenants were confronted at a London estate agents in a row over evictions. Seven people visited the offices of Eaton Green in Camberwell, protesting about alleged illegal eviction, before someone exited its office and started “attacking” the activists. In a clip shared on Twitter by @SarahWarsama, [...]
UK housing market shows signs of stability with Brits’ reluctant to spend April 21, 2022 The UK’s housing market could be returning to stability, say analysts, before deals pick up as warmer weather blankets the country. Residential transactions for March have plunged more than a third in comparison with the same month last year, according to the government’s latest figures, after a continued, pandemic-era, buying frenzy. Although deals have climbed [...]
Property boss who burned model of Grenfell on bonfire avoids jail April 20, 2022 A property tycoon has avoided jail for filming a replica model of the Grenfell tower burning in a bonfire. Millionaire Paul Bussetti was handed a suspended sentence over the incident during Guy Fawkes night in November 2018, where he put the model on a bonfire, before the video went viral online. The clip, during which [...]
Angry leaseholders protest against footing cladding bill outside Parliament April 20, 2022 Angry leaseholders and tenants have gathered outside Parliament to protest the Building Safety Bill which is being debated in the Commons today. The Bill aims to fix cladding on taller buildings which have been deemed a major fire risk, following the Grenfell disaster in 2017, but has handed leaseholders the responsibility to fund the fixes. [...]
Demolition of M&S Oxford St store put on hold by Gove April 20, 2022 The bulldozing of the iconic Marks & Spencer building on Oxford St has been put on pause by the government. According to a report by the BBC, Michael Gove asked Westminster council to press pause on a demolition application. Under an Article 31 holding direction, a local authority cannot green light planning permission until ministers [...]
From Barnet to Fulham via Camden and Southwark: Here are London’s most expensive and decadent rental properties April 19, 2022 While the average London tenant will pay £1,574 per month, the average cost of residing at the very top of the capital’s rental market comes in at a huge £23,839, – a 1415 per cent rental price premium. London-focused rental platform Rentd looked at the average cost of renting in each London borough before comparing [...]
Demand for offices in the Square Mile hits new record, says Savills April 19, 2022 The demand for offices in central London has hit a new record, according to Savills, dismissing concerns that working from home has taken over the Square Mile. With an eyewatering £3.3bn having changed hands in the City over the past three months, the record figure is nearly a third higher than the previous record in [...]
BMO Commercial Property Trust doubles down on industrial pivot as London portfolio shrinks April 19, 2022 BMO Commercial Property Trust has been successful in its pivot towards logistics real estate after demand for offices faltered as a result of the pandemic. The British fund kicked off the year on “a much brighter note” with fewer Covid-19 restrictions, having sold off nearly £200m worth of property in the year to 31 December, [...]
Yours for £22.5m: Inside Charles Dickens’ former Regent’s Park property April 18, 2022 An seven-bedroom property overlooking Regent’s Park, which formerly belonged to Charles Dickens, is on sale for the first time since before 1995. Dickens, the lauded author behind Oliver Twist, A Christmas Carol and Great Expectations, once summered in the Grade I listed home in 1861. Largely unchanged since Dickens’ time, beyond the newly fitted Nordic [...]