Landlords: Government fund falls short for renters struggling with Covid debts October 24, 2021 Fresh government funding to help vulnerable renters struggling with Covid debts has been described as falling short. A £65m support package for those battling Covid rent debts was revealed this weekend by the Department for Levelling Up, Housing and Communities. English councils will be able to help low-income households at risk of eviction or homelessness [...]
Focus On: Brighton – an investors’ paradise October 22, 2021 Thanks to the ability for many people to work from anywhere or pop into a central office on an ad hoc basis, increasing numbers of professionals are moving out of London in search of locations with a less frenetic pace of life – something the seaside city of Brighton will continue to benefit from. “Brighton [...]
Property of the Week: An ultra-modern property in Brixton Hill October 22, 2021 The most sought-after design feature you can add to the back of your house is an entire wall of foor-to-ceiling glazed doors that open onto your garden. Not only do you get natural light flooding in throughout the year but your courtyard melds into your living space in summer. When the property was completely refurbished, [...]
Brighten your home with Adam Nathaniel Furman’s colourful designs October 22, 2021 While Frieze may have hit your radar as the biggie collectors’ fair this month, there was a gallery-within-a-fair in west London that was a hotbed of exciting British talent at a fraction of Frieze prices. Beautifully handmade objects are often called “craft” but can also cross the boundary into art. The Future Heritage gallery at [...]
Country house market sees strongest annual growth since 2007 October 22, 2021 The annual rate of growth for country homes hit its highest level since the first quarter of 2007. The annual rate hit 10.6 per cent in September with real estate experts anticipating a cooling of the market following the end of the stamp duty holiday. Average price growth in the category was 2.1 per cent [...]
Bank of mum and dad finances half of all first-time buyer purchases as parents spend $10bn October 22, 2021 Nearly half of all first-time buyer housing transactions this year are being financed by the ‘bank of mum and dad’, according to a new property forecast, shared with City A.M. this afternoon. Total contributions from parents helping younger generations to buy a home are expected to reach £9.8bn in 2021, analysis from property group Savills [...]
Will the new ultra-low emission zone affect your house price? October 21, 2021 The signs are up, the maps have been published – it’s ULEZ time. On Monday, the expanded ultra-low emission zone kicks in, casting a warm glow of low emissions not just over Westminster, but every surrounding neighbourhood within the often-smelly, usually-congested north circular. According to one logistics company, this long-planned expansion may mean that getting [...]
Demand for e-commerce space to drive rental growth in London boroughs October 21, 2021 Dark kitchens and grocers could create 12m square foot of last mile logistics space requirements by 2025. Knight Frank has found that there will be an increasing need for spaces for same-day delivery firms, like Amazon, as well as ghost kitchens. A demand for urban logistics units has sharply driven down vacancy rates in urban [...]
House sales surged by more than two-thirds in September October 21, 2021 There were 160,950 residential transactions last month, considerably higher than last year, but the market is expected to slow following the stamp duty holiday stimulus. The provisional seasonally adjusted estimate of UK home transactions in September was up 68.4 per cent on September 2020, according to HMRC figures. There was a 67.5 per cent leap [...]
Global deal making frenzy lifts Barclays profits to record high October 21, 2021 Barlcays has ridden the wave of a booming global deal making frenzy to post its strongest ever third quarter results. The UK banking behemoth registered a pre-tax profit of £6.9bn in the year to the end of September, its best take ever. The standout performance was driven by Barclays’ investment banking division posting its best [...]