First-time buyer demand boosts July mortgage figures September 17, 2019 First-time home buyer demand has remained strong despite ongoing political and economic uncertainty. Mortgages for buyers making their first step on to the property ladder in July increased 5.8 per cent compared to the same month last year. Read more: Shifting stamp duty would hurt first-time buyers The number of homemover mortgages also increased 1.4 [...]
Phonebooth startup Room launches in UK as it dials in to coworking boom September 17, 2019 Room, the US startup specialising in phonebooths for open plan offices, launched in the UK today as it looks to cash in on the rising popularity of coworking spaces. The New-York based firm, which counts Google, Uber, Amazon and Apple among its clients, is also rolling out in six other European countries amid growing demand [...]
Integrity International Group buys iconic TfL building for £120m September 16, 2019 Transport for London (TfL) has sold its Grade I-listed 55 Broadway headquarters to Integrity International Group for more than £120m. TfL put the 150-year leasehold for the St James’s office complex on the market in May this year in order to reduce its office administration costs and increase revenue for infrastructure works. Read more: Transport [...]
MJ Gleeson shrugs off Brexit fears as profits rise September 16, 2019 Low-cost housebuilder MJ Gleeson posted a double-digit rise in earnings for last year as it shrugged off Brexit uncertainties and enjoyed continued demand in the north of England. Read more: MJ Gleeson boss: Our customers don’t give a damn about Brexit The developer reported £41.2m of pre-tax profits during 2019, rising 11 per cent from [...]
Housebuilder stocks facing a Brexit wrecking ball? September 16, 2019 | City Talk The construction sector seems to be freezing ahead of a potential Brexit. Are investors right to be fleeing housebuilder stocks? The housing sector has been affected throughout the Brexit process, with demand, supply, prices and overall transactions shaken up in the wake of the 2016 referendum. It has not been a straight path for the [...]
UK house prices see first September fall for nine years September 16, 2019 UK house prices have witnessed their first September fall since 2010, according to a closely-watched gauge, as Brexit uncertainty continues to dampen sales. The average price of property coming to market fell by 0.2 per cent in September, the house price index from real estate website Rightmove showed. “As we approach yet another Brexit deadline, [...]
Wework IPO: Firm cuts founder’s supervoting power to save float September 13, 2019 Wework is set to slash the supervoting power of its co-founder to assuage fears of investors as it tries to save the company’s initial public offering (IPO). The firm will also appoint a lead independent director by the end of the year as well as cut Neumann’s voting power from 20 votes per share to [...]
New builds: Properties on the market in London this week, from Nine Elms penthouses to Spitalfields family homes September 13, 2019 Battalion Court, Woolwich From £343,000 for a one-bed This Saturday, Bellway is launching a new show home at its Battalion Court development in Woolwich. The homes are perfectly placed for buyers looking to take advantage of the Crossrail effect, with nearby Woolwich station set to open in 2020. One, two and three-bed apartments are available [...]
Focus on: Living by the River Thames September 13, 2019 Every September, the River Thames plays host to the Totally Thames festival; a month-long event which sees it taken over by art installations, history tours and performances. It’s a chance for Londoners to reconnect with the body of water that provides the backdrop to our daily lives, and make the most of some of the [...]
Interiors: This on-trend shade could be the next millennial pink September 13, 2019 When Dulux launched its colour of the year 2019 – spiced honey – a sense of weirdness descended. I have yet to see walls painted in this cloying bronzy-tan. Yet with the launches for colour of the year 2020 upon us (from the likes of Dulux, Farrow & Ball, Graham & Brown and Pantone) there [...]