IWG shares soar as it seals £320m TKP Japan office space franchise deal April 15, 2019 IWG has completed its first franchise sale to send shares soaring today, as it netted £320m from the sale of its Japanese division. Read more: IWG boss mulling £2.2bn break-up of serviced office space business The firm’s share price soared 23 per cent to hit 339.30p after reaching the strategic franchise arrangement with TKP Corporation. [...]
DEBATE: With annual house prices falling in England for the first time since 2012, should we be concerned? April 15, 2019 With annual house prices falling in England for the first time since 2012, should we be concerned? Matt Robinson, chief executive of data-driven estate agent Nested, says YES. There are absolutely people who should be concerned by falling property prices. With inadequate historical pension coverage, an increasing number of those approaching retirement are reliant on their [...]
London house prices rise as estate agents predict Brexit delay will spur demand for family homes April 15, 2019 London house prices ticked up this month as sellers raised their expectations as demand from families combined with a Brexit delay for an anticipated spring bounce. Read more: Brexit uncertainty will drag down London house prices over 2019 The average price of new-to-the-market homes saw their largest April rise since 2015, growing 1.1 per cent [...]
Government moves to ban controversial ‘no-fault’ evictions April 15, 2019 The government will ban landlords from evicting tenants at short notice without providing a reason, it announced today, as it continues its shake-up of the private rental sector. Read more: Private Rented Sector investment to hit £75bn by 2025 The move was applauded by campaign groups for giving renters security and a ban has cross-party support, but landlords [...]
London housing market bearish in face of Brexit, chartered surveyors say April 11, 2019 Sentiment among London’s chartered surveyors is among the worst in the country, with house prices expected to fall in the capital over the next year, new figures show. In a poll of its members, the Royal Institution of Chartered Surveyors (RICS) found London and the South East were the only two parts of the country [...]
London house prices: Brexit uncertainty to send property prices dropping over 2019 April 11, 2019 Brexit uncertainty is weighing heavily on London and the south east’s housing markets as house prices are expected to continue to drop over the next 12 months. Read more: Steep London house price drop drags back UK housing market Buyer demand is dropping with new enquiries falling for the eighth month in a row, according [...]
Profits plunge at retirement housebuilder McCarthy & Stone April 10, 2019 Retirement housebuilder McCarthy & Stone’s profits decreased by two-thirds in the first half of 2019 as it undertook a strategic shift to deal with a weak second-hand housing market. Read more: UK house prices drop in March after shock rise, says Halifax The company said it had increasingly turned to discounting and other incentives as [...]
Hotels stump up for new business rate bills April 7, 2019 Some of London’s most iconic hotels are facing renewed pressure from rising property taxes, according to business rate experts who fear that the sector could be hit by the latest round of bills. Real estate services firm Colliers found that 93 London hotels have been charged with a combined total rates bill of £12.2m this [...]
Notting Hill: The West London enclave defying London’s house price slump April 7, 2019 With its annual carnival, famous market and edgy-cum-glamorous feel, Notting Hill has never been a place to conform to the norms of other Central London neighbourhoods. And it is in keeping with such independence that while many of the capital’s prime residential hotspots are currently undergoing a slump, the West London enclave’s property market has [...]
Interiors: From lock ups to lock ins, we find out how London’s prisons, courtrooms and police station are turning into bars and hotels April 5, 2019 Thankfully London regeneration isn’t all about new-build skyscrapers. Some of our historic civic buildings have been given new leases of life as wonderfully atmospheric bars, hotels and restaurants. The best of these celebrate great design, seamlessly combining the old and the new. The Dixon hotel, bar and restaurant, just opened on the south bank of [...]