Shareholders rebel at Homeserve over ex-director payouts July 19, 2019 Shareholders dealt home repairs company Homeserve a bloody nose today as 30 per cent voted against the directors’ pay report. Read more: Homeserve maintains strong outlook as investors toast success across the pond Advisory firm Institutional Shareholder Services (ISS) had recommended Homeserve shareholders vote against the remuneration report – which lays out directors’ pay – [...]
Sadiq Khan slammed for London rental cap proposals July 19, 2019 Mayor of London Sadiq Khan has been blasted as “economically illiterate” after announcing plans to cap rents on homes in the capital. Read more: Sadiq Khan rejects Tulip tower planning application Khan today called for the government to give him powers to limit the amount rents can rise in London, which has seen rental prices [...]
Focus on St John’s Wood: Super-prime rentals are hot property in this US enclave July 19, 2019 With its secluded streets, proximity to the West End and legendary status in the worlds of both sport and music as the home of Lord’s and Abbey Road, St John’s Wood has long been a desirable address. PG Wodehouse made it the home of Bertie Wooster’s best pal, aristocrat Bingo Little, in his Jeeves series; [...]
Property of the Week: Live in the home of the real-life Peter Pan July 19, 2019 Let’s face it – being a grown-up can be pretty tiresome. It’s why adults everywhere are working on their colouring books, letting loose in ball pits and commuting to work via scooter. If you too want to channel your inner child, what better way than by living in a house once occupied by the children [...]
New homes: Our pick of the new builds going on sale in London this weekend July 19, 2019 Grand Union, Alperton From £350,000 for a studio Homes are now available to buy at Grand Union, the major regeneration project being undertaken by St George, which has seen the developer open up a previously inaccesible section of the Grand Union Canal. The development in Alperton will comprise 3,000 studio, one, two and three-bedroom homes, [...]
We need a bold new approach to tackle London’s housing crisis July 19, 2019 When I was a young boy in the 1970s, my family lived in council housing in Ladbroke Grove, and London was in decline. The depressed mood about London was reflected in the price of housing: the average property cost just £24,000. Mind you, the average income was only £6,000. The prospect of our family owning [...]
Renter demand soars after tenant fee ban July 19, 2019 Tenant demand soared in June as renters rushed to secure new properties following the introduction of new rules to ban letting agent fees. In London, demand increased by 13 per cent from May to June compared to a four-year average of four per cent. Read more: The potential consequences of the tenant fee ban Nationally [...]
Tory MP slams ‘con-artist’ Persimmon over Help to Buy faults July 17, 2019 A Conservative MP has branded property developer Persimmon a group of “crooks, cowboys and con-artists” after faults emerged in Help to Buy homes built by the firm. Speaking during Prime Minister’s Questions this afternoon Robert Halfon MP said he had met with constituents living in homes built by Persimmon that were “shoddily built, with severe [...]
London house prices suffer worst plunge in 10 years July 17, 2019 London house prices suffered a staggering 4.4 per cent annual drop in May, their worst annual drop since the financial crisis, public data revealed today. While UK house prices rose 1.2 per cent compared to May 2018, London house prices sank, the Office for National Statistics (ONS) revealed. Read more: UK house prices slip for [...]
Stop nudging people towards property at the expense of their pension – it’s irresponsible July 16, 2019 Suggestions that young workers should be able to dip into their pension savings to help buy their first home are unhelpful