Former Savile Row police station sold to European developer for £50m April 1, 2021 European real estate firm CPI Property Group has bought a former police station in Savile Row, in a deal that is thought to be worth around £50m. The firm, which owns property in Berlin, Prague and Warsaw, said the recently decommissioned West End Central Police Station at 27 Savile Row has been “acquired as a [...]
Revealed: The London boroughs where houses sell fastest March 31, 2021 The areas of the capital where property sells the fastest have been revealed, with outer London boroughs dominating the list. Waltham Forest was the neighborhood where sellers can hope to offload their properties the quickest, with two-bed terrace houses the fastest to be taken off the market in just 35 days. Barking and Dagenham, Bexley [...]
UK house price rises slow down in March as demand softens: Nationwide March 31, 2021 House price growth slowed down this month with prices going up by 5.7 per cent compared to March of last year, mortgage lender Nationwide said this morning. Last month, property prices rose by an annual 6.9 per cent, while house prices edged down by 0.2 per cent month-on-month in March. Across the UK, the average [...]
Student property developer Unite Group sells eight buildings for £133m March 30, 2021 Student accommodation developer Unite Group has sold eight buildings for £133m, it announced this afternoon. It has sold the blocks with 2,284 student beds in Coventry, Wolverhampton, Birmingham, Exeter and Manchester to Aventicum Real Estate. The deal is part of Unite’s disposal programme to cash in assets worth £200m to £300m. Unite has completed the [...]
Unilever’s new London HQ set to get green light from planning officials March 30, 2021 Unilever’s new London office is set to get the green light from planning officials this week, according to reports. The consumer goods giant’s new headquarters in Kingston, South West London, as first reported by City A.M. will be given the go-ahead by the local authority, after the council recommended its approval. The first phase of [...]
What 175 years of data tell us about house price affordability in the UK March 29, 2021 | City Talk What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
The key to the pandemic prime property market is simple: Don’t panic! March 29, 2021 This is an uncertain and frustrating time for buyers looking for prime properties. The pandemic is distorting markets across the south of England, meaning people have to spend more time than ever sifting through an overwhelming and confusing number of stats, market reports and opinions. A large part of the problem is the current paucity [...]
Stamp duty holiday extension boosts mortgage lending to five-year high but approvals slip March 29, 2021 The stamp duty holiday extension boosted net mortgage borrowing to its highest level since March 2016, according to new Bank of England data. Net mortgage lending hit £6.2bn in February, with mortgage approvals for house purchase reaching 87,700. Andrew Montlake, managing director at mortgage broker Coreco, said the stamp duty extension was pivotal in fuelling [...]
A home for £28m: What are the most expensive streets in London? March 29, 2021 Upper Phillimore Gardens in Kensington is London’s most expensive road to buy a house on, with the average sold price on the road in the last 12 months sitting at a cool £28m. Head down past Earl’s Court and you’ll come across the Boltons, London’s second most expensive street over the last 12 months, with an average sold price of £22.5m. [...]
Teddington crowned best place to live in London March 26, 2021 Teddington has been crowned the best place to live in London, according to The Sunday Times Best Places to Live guide released this morning. Richmond followed Teddington as the regional winner, but Stroud in Gloucestershire topped the list of all 78 areas assessed for the best place to live in the UK. The guide assessed [...]