Home buyers face highest-ever price tags as house prices jump by £7,000 in just four weeks April 19, 2021 Spring home buyers are facing the highest ever prices demanded by sellers, with the average price tag on a home having jumped by nearly £7,000 in the space of just a month. Across Britain, the increase of £6,733 or 2.1 per cent month-on-month pushed average seller asking prices to a new record high of £327,797 [...]
Inside Sheikh Mohammed’s British property empire April 17, 2021 Sheikh Mohammed, the controversial ruler of Dubai, has become one of the UK’s largest landowners, exceeding that of the Queen’s personal property portfolio. Spanning 40,000 hectares, Sheikh Mohammed bin Rashid al-Maktoum’s properties can be found on the most exclusive streets in London and in the most elusive locations in the Scottish Highlands, according to the [...]
What to consider if you’re looking to buy your dream ‘fixer-upper’ April 16, 2021 Over lockdown, social media platforms such as TikTok have played a huge role in a younger generation looking to buy their first home as a ‘fixer-upper’ project. With neutral aesthetics and dramatic transformations, putting your own stamp on a home has never been more appealing. Pete Mugleston, MD and mortgage expert at Online Mortgage Advisor [...]
German constitutional court cuts Berlin rent cap April 15, 2021 Berlin’s rent cap has been struck down by Germany’s Constitutional Court today, as it ruled the pandemic-imposed law as invalid. The ruling comes as a huge blow for supporters of rent limits across Europe, as it pushed landlords to cut rents in the capital for over 300,000 tenants during the pandemic. The controversial cap, imposed [...]
Halifax: UK house prices near ‘pre-financial crash levels’ April 14, 2021 UK house prices have hit a record high despite rising at a slower rate than a year ago, according to the Halifax house price index this morning. The lender said that the affordability of houses was “close to pre-financial crisis levels”, as house prices remained historically high at an average of £252,765. The difference between [...]
London house prices: First-time buyers now need up to £73k more to get on the property ladder April 14, 2021 First-time buyers have seen house prices climb by 7 per cent in the last twelve months, according to new research that build snagging and defect management firm BuildScan shared with City A.M. this morning. As the stamp duty holiday helped to boost buyer demand, a sharp uplift in house prices followed as a result, particularly in [...]
Landsec collects two-thirds of rents in last quarter April 13, 2021 Property giant Landsec collected just two-thirds of the rent it was due as of the end of March due to continued disruption as a result of the pandemic. The FTSE 100 developer said that of the £110m it was owed by tenants as of 25 March, £33m was still outstanding five days after rent was [...]
Sir David Adjaye’s Lost House in Kings Cross sells for £6.5m April 12, 2021 A property designed by one of the world’s top “starchitects” Sir David Adjaye, located near Kings Cross, has sold for £6.5m. Lost House, listed in the top seven “most important architecturally designed homes in the world” by Architectural Digest last year, is a winner of the Royal Gold Medal, one of the world’s highest accolades [...]
Birmingham Bullring owner Hammerson confirms talks over £350m sale of UK retail parks April 12, 2021 Property giant Hammerson has confirmed that it is in talks over a deal to sell its portfolio of UK retail parks. It comes a day after reports the Birmingham Bullring owner was set to sell its seven sites for around £350m to Canadian private equity firm Brookfield. Hammerson told investors this morning that it is [...]
South West London homes grow in demand as end of lockdown nears April 12, 2021 High-end homes in South West London have grown in demand in the first quarter of this year, according to estate agent Benham and Reeves. As the end of lockdown nears, the leafy suburbs of the capital have seen a one per cent increase in interest by high-end homebuyers in the £2m and over range. “We’re [...]