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 [...]
Rishi Sunak: Workers will quit if they can’t return to offices, chancellor warns March 26, 2021 Employers may face an exodus of staff if they implement a permanent remote-working strategy after lockdown, the chancellor warned. Rishi Sunak said workers should be allowed to return to offices or they may “vote with their feet” and leave the firm for an employer that encourages face-to-face working. He said offices allow meetings to “happen [...]
The future of commercial property post-Covid March 25, 2021 | Sponsored Will Fulton, Lead Manager, UK Commercial Property REIT The pandemic has brought real challenges for commercial tenants and landlords Strong asset allocation, prudent negotiation with tenants and strategic portfolio shifts have helped mitigate the impact of the crisis From here, the portfolio is geared into a number of long-term structural changes This has been a [...]
UK house price growth slowed in January as buyers paused due to new lockdown March 24, 2021 UK house price growth slowed in January compared to the previous month as buyers paused due to the introduction of new lockdown measures and uncertainty over the length of the stamp duty holiday, according to the latest official data. Average house prices increased by 7.5 per cent over the year to January, down from eight [...]
UK housebuilder Bellway ups selling price expectations and reinstates dividend March 24, 2021 Bellway this morning reinstated its dividend and upped its selling price expectations for this year as the UK housebuilder reported strong demand for new homes. The FTSE 250 developer said the full-year average selling price is now forecast to be more than £295,000, up from a previous estimate of £293,054. It announced it will reinstate [...]
London house prices: First-time buyers now need average deposit of £132,685 March 24, 2021 The average deposit size being put down by people taking their first step on the property ladder in London has increased by more than £20,000 since last year, according to new research published today. Halifax found that, in the 12 months to February 2020, the average deposit put down by first-time buyers in the capital [...]
Almost two in three adults fear mortgage holiday will hit credit score as deadline nears March 23, 2021 Nearly two in three adults fear a mortgage holiday could impact their credit score, according to the latest research published as the deadline for a payment break approaches. A survey of UK homeowners found that 73 per cent are worried that a mortgage holiday will impact their credit rating, with 10 per cent believing it [...]
Exclusive: Galliard secures £76m loan to fund luxury flats above Tottenham Court Road Crossrail station March 23, 2021 The developers of a luxury residential block above Tottenham Court Road’s Crossrail station have secured £76m in financing from lenders to complete the project. Leumi UK, the London-based subsidiary of the Israeli bank, and Natwest have closed a multi-million-pound deal with Galliard Homes to fund the development of 92 flats in the West End, City [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]