The Office Group buys Chancery House for £100m October 14, 2019 Flexible workspace provider The Office Group (TOG) has bought Chancery House in a deal worth more than £100m. The 150,000 sq ft property in Chancery Lane is the co-working group’s largest London property to date. Read more: The Office Group expands into Hammersmith Wework rival TOG bought the block near Chancery Lane and Holborn Underground [...]
Property giant Land Securities eyes £650m sale to fund real estate expansion October 13, 2019 Property giant Land Securities is reportedly close to selling a £650m stake in a leisure portfolio to private equity property investor CIT Partners. Land Securities is understood to have agreed to sell its 95 per cent share of the X-Leisure Unit Trust – which is behind developments including Xscape Milton Keynes and Brighton Marina – [...]
Property of the Week: Get moor for your money with this Wandsworth houseboat October 11, 2019 Living on land is quite boring, when you think about it. You’re forever going up and down stairs, you don’t get to wake up to the gentle sound of waves lapping against your bedroom wall, and your house doesn’t have the exciting potential of being able to be moved to another location when you feel [...]
Four tactics buyers must use to beat sellers in London’s housing market October 11, 2019 If you’re looking to buy residential property in London right now, buckle your seatbelt: despite recent doom and gloom headlines, Central London remains a seller’s market. It is true prices have come off about 20 per cent since the 2014 high. It’s also true that the average time a London home spends on the market [...]
Style meets substance in this completely sustainable lounge October 11, 2019 This week, top interior designers from across Europe descended on Kensington Olympia for Decorex, the annual industry show where they go to get their furniture, fabric, lighting and craft inspiration for the next year. The centrepiece of the event is the VIP lounge, which is taken over by a different design team each year with [...]
Why cash-rich renters are on the rise October 11, 2019 According to conventional British wisdom, renting is something you do when you can’t afford to buy a house. While that’s still true of the majority of London renters, there is another group – and they’re growing. Some are international executives coming here to work for a year or two. There are wealthy overseas students, too, [...]
Shares in housebuilders and UK banks jump on new Brexit deal optimism October 11, 2019 Shares in UK housebuilders and banks jumped this morning on renewed optimism a Brexit deal is achievable. Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar met yesterday, with Varadkar saying he believes a deal is possible by 31 October. Read more: Sterling barrels past $1.25 as Donald Tusk welcomes progress on Brexit talks [...]
London house prices suffer steepest fall since financial crisis October 10, 2019 London house prices fell at their fastest rate since the financial crisis in the third quarter, according to Halifax. Homes in the capital saw their values sink 1.7 per cent year on year, their worst performance since autumn 2009. Meanwhile south east house prices dropped 1.3 per cent. Read more: Brexit uncertainty takes a bite [...]
London house prices dip amid Brexit uncertainty October 10, 2019 London house prices dipped last month as both sellers and buyers drag their feet until clarity emerges over the UK leaving the EU. In total 36 per cent of estate agents in the capital reported a fall in agreed sales and 30 per cent saw a drop in homes coming on to the market last [...]
New home demand falls as buyers wait for clarity on Brexit October 9, 2019 The demand for new homes has slumped to a six-year low as consumers delay buying property until a Brexit plan becomes clear. New research shows that consumer demand for new homes has fallen eight per cent over the last year. Read more: Housebuilder stocks facing a Brexit wrecking ball? Small house building firms said current [...]