UK PMIs: Construction activity grows at fastest rate since 2014 April 8, 2021 Construction output grew at the fastest rate in six and a half years in March as a combination of delayed projects getting the go-ahead and a boost in housebuilding spurred on the industry. IHS Markit’s construction Purchasing Managers Index registered 61.7 last month, a sharp increase from a reading of 53.3 in February. The latest [...]
Warehouse developments to double this year as retailers respond to online shopping demand April 6, 2021 Warehouse space developments have boomed this year due to the rise of online shopping during the coronavirus pandemic, with the amount of sites set to complete in 2021 doubling compared to last year. The latest research showed that 40m sq ft of warehouse space developments are scheduled for completion this year, compared to the 20m [...]
Mayfair mansion worth up to £100m for sale April 6, 2021 A Mayfair mansion, which could be worth up to £100m after redevelopment, is on the market, making it the largest residential property currently on sale in London. The Grade II-listed building at 38 Hill Street is on offer for £38m, with estate agents saying it could remain as a single mansion or be transformed into [...]
Airbnb blocks 200 UK listings in crackdown on party houses April 1, 2021 Airbnb has blocked a further 200 listings in the UK during a crackdown on “party houses”, bringing the total number of properties removed or suspended to 1,000 over the past six months. The holiday letting platform said the suspensions are focused on listings with descriptions that appear to allow parties, which is against Airbnb’s policy. [...]
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 [...]