Wework to rebrand as The We Company in business structure overhaul, turning its eyes to fintech January 8, 2019 Shared workspace provider Wework is rebranding itself as The We Company, as the firm aims towards a more diversified business portfolio. To be announced at an internal company conference later this week, The We Company will become the parent to several offshoots, including Wework as its main office provider. Others include its residential unit Welive, and an [...]
UK house prices get unexpected December boost but market remains subdued January 8, 2019 UK house prices rose 1.3 per cent in the three months to December compared to the same period last year, according to new figures from Halifax. The annual growth rate was up from the 0.3 per cent recorded in November, but house prices were 0.4 per cent lower than in the preceding three months. Read [...]
Central London office space take-up soars to highest level since 2014 January 7, 2019 Fresh evidence of the capital’s thriving office space market has been brought to light today, with new figures showing that take-up in Central London last year soared to its highest level since 2014. Property agents are forecasting that the boom in London’s letting activity will likely carry on into 2019, as supply shortages and persistent [...]
Portland Stone became the building block of London, but does it have a place in modern British architecture? January 7, 2019 There are certain things you stop noticing after a few years in London. The first thing is how busy it is; crowds become the norm. The abominable air quality only becomes apparent when you leave. Another thing is Portland Stone. Chances are, you don’t even know you’re looking at it, but there aren’t many streets [...]
My House: Kristian Robson, the man behind Chelsea tailoring brand Oliver Brown tells us how he built his Notting Hill house on top of a duck pond January 7, 2019 The owner of men’s tailor Oliver Brown on his charming mews house in Notting Hill. As told to Melissa York. "When I first moved into my house, one of the neighbours told me it was built on top of a duck pond that was filled in with concrete in the 1960s. So that was interesting [...]
How McCarthy & Stone’s new boss plans to turn around the fortunes of Britain’s largest retirement housebuilder January 7, 2019 As the boss of a FTSE 250 housebuilder which has just passed through a year to forget, John Tonkiss is surprisingly upbeat. For the new chief executive of McCarthy & Stone is a man with a plan, and he thinks it will turn around the fortunes of Britain’s biggest provider of retirement homes. It concerns [...]
Taylor Wimpey results in the City spotlight as market jitters linger January 6, 2019 Housebuilding giant Taylor Wimpey is set to reveal its future outlook later this week against a backdrop of lower activity and growing uncertainty across many parts of the UK’s property market. Traders will be turning their attention towards the blue-chip constituent, which is releasing its full-year trading statement on Wednesday, as City caution looms large [...]
Mortgage approvals decline in November as Brexit uncertainty impacts housing market January 4, 2019 The number of mortgage approvals fell to a seven-month low in November as Brexit concerns continued to rattle the housing market. Mortgage approvals fell to 63,728 in November, down from 66,709 the previous month, according to new figures from the Bank of England (BoE) released today. Mortgage lending rose by £3.5bn in the same month, lower than the [...]
UK house prices fall in December on Brexit uncertainty as annual growth rate hits six-year low January 4, 2019 UK house prices fell by 0.7 per cent in December, as prices’ annual growth rate dropped to its lowest level in almost six years. Prices grew by just 0.5 per cent year on year, compared to 2.6 per cent growth in 2017, but fell compared to November. London recorded a 0.8 per cent decline in house [...]
Apsley and Oxshott top London’s commuter town rankings after today’s rail fare price hike January 2, 2019 Hertfordshire's Apsley has been named London's cheapest town for City commuters, after the UK today hiked up rail fares by 3.1 per cent and hit the capital's train riders the hardest. In an analysis of house prices, mortgage payments, the cost of a rail season ticket and journey duration, Apsley won out in costing the [...]