WH Smith’s airport takeover is InMotion after Dixons Travel shop deal July 8, 2021 WH Smith's airport takeover is InMotion after Dixons Travel shop deal
Redrows expects turnover to hit nearly £2bn following strong house sales July 7, 2021 UK housebuilder Redrows expects turnover for its 2021 financial year to be £1.94bn, following strong sales in the housing market this year. A turnover of £1.94bn would be a marked increase from 2020’s £1.34bn, but below 2019’s £2.11bn. In an market update this morning, Redrows said legal completions are expected to be 5,620 for the [...]
House prices fall for the first time this year as stamp duty holiday winds down July 7, 2021 The price of the average UK property fell last month for the first time this year, as the end of the most generous stamp duty holiday loomed. House prices fell 0.5 per cent in June, down £1,284 to an average price of £260,358, according to figures from Halifax. The new figures mean annual house price [...]
Purplebricks to open new office in Soho after remote hiring spree July 6, 2021 Purplebricks will open a new office in Soho in response to pandemic-led changes that saw the online estate agent hire more people from across the country. The new office, located in London’s West End, will eventually house between 40 and 50 staff who will work on a hybrid basis, spending some time at the office [...]
HSBC launches lowest ever fixed-rate mortgage at 0.94 per cent July 6, 2021 HSBC UK has launched a fixed-rate mortgage at 0.94 per cent, its lowest fixed-rate mortgage ever, but the product will only be available to those with a 40 per cent deposit. The lender will charge a £999 fee to access the mortgage, or alternatively, people can take out a ‘fee-saver’ version with no product fee [...]
Unique £4.7m ‘iceberg house’ up for sale in Hampstead July 6, 2021 A unique property dubbed an ‘iceberg house’ for its below-ground build has gone up for sale in Hampstead for £4.7m. The site, which is located just 50 metres from Hampstead Heath and boasts celebrity neighbours Boy George and Nick Mason from Pink Floyd, was previously occupied by garages. It has been built into the ground [...]
London property market enjoys strongest ever half-year, Chestertons says July 5, 2021 London’s property market has enjoyed its strongest ever half-year, according to Chestertons, who posted record sales in June. The estate agent’s latest market analysis found the highest monthly sales numbers in the company’s history were recorded last month, fuelled by buyers trying to beat the Stamp Duty deadline and wanting to move before price growth [...]
New £350m Barking development to see 1,089 riverside homes built July 5, 2021 Weston Homes is building a £350m riverside development in Barking that will see 1,089 new one, two and three bedroom apartments built in the area. Alongside residential space, the new Abbey Quay development will feature 22,281 square feet of commercial and leisure space, which will include a restaurant, local shops, cafes, a gym and a [...]
Watchdog with power to prosecute property developers for safety failures to be set up July 5, 2021 A new watchdog will be set up with the power to prosecute property developers who fail to meet safety standards. The decision to create a new regulator is designed to prevent a repeat of the Grenfell Tower disaster, which killed 72 people in 2017. A spokesperson for the Ministry of Housing Communities and Local Government [...]
Exclusive: Sub-let workspace market shrinking in win for office culture July 5, 2021 The rate at which occupiers are seeking to dispose of their office space is showing strong evidence of decline, in a win for office culture. At the end of January 2021, almost 500,000 square feet of sub-let space was made available, according to global real estate advisor CBRE. Since then, the amount of space becoming [...]