Barratt Developments reassures investors over Brexit October 16, 2019 Britain’s biggest housebuilder Barratt Developments shrugged off concerns about political and economic uncertainty this morning as it reassured investors it could deal with the potential effects of Brexit. The FTSE 100 developer said it has a strong balance sheet and cash position to provide it with the resilience and flexibility to react to “potential changes [...]
Housing market ‘in limbo’ as London house prices drop 1.4 per cent October 16, 2019 London house prices booked a steep 1.4 per cent annual drop in August as UK house prices grew at a lower level than last year, according to the latest data. While UK house prices posted annual growth of 1.3 per cent to beat that of 0.8 per cent in July, growth dipped below last year’s [...]
Strong London performance pushes up Segro’s headline rent contract value October 16, 2019 Property giant Segro has increased the value of new headline rent contracts signed for the third quarter. The investor and developer said it signed contracts worth £15.3m over the period, up from £12.6m over the same time last year. Read more: Segro to make £450m placing as profits soar The growth brings its total headline [...]
Bellway shares slump after warning on growth October 15, 2019 Shares in house builder Bellway slumped more than five per cent this morning as it warned of a slowdown in house price growth and climbing building costs. Profit increased at the FTSE 250 firm but Bellway said it expected to deliver more moderate growth in the coming year. Read more: Bellway posts strong spring sales [...]
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, [...]