Mortgage approvals grow despite Brexit uncertainty September 25, 2019 The number of mortgages approved by banks grew last month despite the ongoing uncertainty surrounding Brexit. In total, 85,931 mortgages were approved by the main high street banks in August and mortgage approvals for home purchases were 3.2 per cent higher than the previous year as the 31 October Brexit deadline approaches. Read more: First-time [...]
London retains crown as best European city for real estate investment September 25, 2019 London has been ranked as the best European city for long-term commercial real estate investment potential for the third year running, helped by the strength of its tech sector. London was ranked first across five of six categories – inspiration, innovation, interconnection, infrastructure and investment – and was ranked second for the final category, inclusion. [...]
Wework chief executive Adam Neumann steps down following botched listing September 24, 2019 Wework co-founder Adam Neumann is stepping down as chief executive of the shared office business with immediate effect, in the wake of its botched initial public offering (IPO). Neumann had come under pressure from investors unhappy at the company’s plunging valuations, its undercooked listing plans and his own erratic behaviour. The company confirmed this evening [...]
Housing market uncertainty persists as property transactions remain flat September 24, 2019 Property transactions in August edged down slightly year-on-year, but buyers and sellers showed some signs of resilience despite the current Brexit uncertainty. There were 99,890 residential deals in August 2019, falling 0.9 per cent from last year but rising 15.8 per cent compared with the previous month, according to new HMRC data published today. Signs [...]
Reuben brothers invest £19m in modular homes developer Project Etopia September 23, 2019 Billionaire property tycoons David and Simon Reuben have invested £19m in Project Etopia, a housing developer specialising in modular homes. Project Etopia, which was founded in 2015, provides energy-efficient modular homes and school buildings that can be constructed in under four weeks. Read more: UK house price growth slows to seven-year low The Cambridge-based company [...]
The new rental apartments bringing ‘New York loft living’ to North London September 20, 2019 A new building of rental apartments has just launched, with the somewhat bold aim of bringing ‘New York warehouse-style living’ to Wembley. Ferrum, which is located close to Wembley Stadium, comprises 741 studio, one, two and three-bed homes which can be rented directly from the developer, Tipi. On entering the building, it’s clear that the [...]
Let there be light: The top lighting trends from this autumn’s design shows September 20, 2019 Lighting is “one of the most important elements of interior design. It can completely transform the look and feel of a room,” says Martin Waller, who founded the influential British brand Andrew Martin four decades ago. The importance of good, versatile lighting is as true today as it was then, although we have vastly more [...]
The coolest homes to see this Open House London weekend September 20, 2019 This Saturday and Sunday, buildings across the capital will throw open their doors for Open House London, giving the public a peek into grand stately homes, imposing City skyscrapers and ornate government buildings. But also on the list are ordinary people’s homes, chosen for their unusual architecture or interesting interiors. Whether you’re looking for inspiration [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
Property of the week: Beer fans will lap up this Chiswick mansion with links to historic brewery September 20, 2019 Steeped in brewing history, this home that has come to the market in West London could be the perfect pad for a beer lover. Records suggest it was built soon after 1700 when it was used as a pub with links to the local brewery – though some of its foundations date back to an [...]