London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Mortgage approvals jump in November December 30, 2019 Mortgage approvals jumped 6.8 per cent last month, reaching the highest level in almost two years. Remortgage approvals soared 12.7 per cent during the month while gross mortgage lending dipped 3.3 per cent last month compared to the same month last year. Read more: First time buyer mortgage approvals increase in October EY Item Club [...]
House prices 2020: How will the UK property market fare next year? December 26, 2019 It’s been a rocky year for the property market, as protracted political uncertainty and affordability problems left house prices largely stagnant in London and across the UK. But with a resounding victory for Boris Johnson in the General Election earlier this month, and the prospect of an end to the Brexit saga in sight, 2020 [...]
London’s commercial property market bounces back in fourth quarter December 19, 2019 Investment in London’s commercial property market rebounded in the fourth quarter as the capital’s risk profile began to improve, strengthened by Boris Johnson securing a majority in last week’s General Election. Investment jumped 15 per cent compared to the previous quarter, rising to almost £2.8bn, according to preliminary figures. Read more: Fintech boom drives central [...]
Airbnb wins European court battle to dodge property rules ahead of public listing December 19, 2019 Airbnb received another boost today ahead of its public listing next year as Europe’s top court ruled that it is an online platform not an estate agent. The decision by the European court of justice will allow the company to dodge regulations faced by property brokers as it continues to expand. The company, which announced [...]
Fintech boom sends central London office take-up soaring December 18, 2019 Central London office take-up surged last month, driven by growth in the capital’s fintech sector. Take-up increased 31 per cent to 900,000 sq ft between October and November, while the year on year jump was five per cent. Read more: The UK’s richest workers don’t live or work in London The banking and finance industry [...]
UK house prices: Growth slows to seven-year low December 18, 2019 UK house price growth slumped to the lowest level in seven years in October driven by a 1.6 per cent price drop in London. UK house prices grew by 0.7 per cent in the year to October – compared to 1.3 per cent the previous month – the slowest rate since September 2012. Between September [...]
Whirlpool apologises after washing machine recall website crashes December 18, 2019 A website Whirlpool created to help customers check if their washing machine is one of 500,000 being recalled over a fire risk is still down a day after the firm sounded the alarm over its products. The company set up washingmachinerecall.whirlpool.co.uk yesterday, a site where customers can check the status of their own machines, but [...]
Funds need to get smart: Why the future is in residential, not retail, assets December 17, 2019 Austrian-born architect Victor Gruen is widely recognised as the father of the modern shopping centre, designing the first purpose-built outside shopping mall called Northland Mall near Detroit in 1954. The post-war economic boom allied to the rapid rise in consumerism saw shopping centres become a global phenomenon. Such was the success of the Austrian-designed, American-born [...]
First-time buyer mortgage approvals increase in October December 17, 2019 The number of first time buyers securing mortgages jumped in October, according to the latest data. There were 32,260 new first-time buyer mortgages completed, 2.8 per cent more than in October last year. Read more: UK mortgage lending dips as buyers hesitate in Brexit uncertainty The number of homemover mortgages completed in the month grew [...]
Pension funds are putting more money into property debt December 17, 2019 When the Alternative Credit Council recently predicted that the global private debt market will be worth in excess of $1 trillion by the end of 2020, some might have called the claim a little audacious. Only seven years ago, less than £1 in every £10 lent in the UK came from an alternative lender. Today, [...]