What will it cost to refurbish our crumbling Houses of Parliament? February 25, 2019 From an engineer’s perspective, renovating historic or listed buildings is one of the trickiest projects you can undertake. Such is the case with the Palace of Westminster, which has long been unfit for purpose and is in dire need of a complete overhaul to bring it up to current working standards. It is a gargantuan [...]
Builders look to old and young to will in gaps from foreign workers after Brexit February 24, 2019 The construction industry may have to entice older employees not to retire as foreign labour dries up after Brexit, an industry body has said. The Construction Industry Training Board (CITB) said its members must attract new talent through more apprenticeships and welcoming under-represented groups. Read more: MJ Gleeson defies Brexit blues with surging profits But it [...]
Flexible office rents tumble as London boom fuels more spaces February 24, 2019 Fresh evidence of a boom in the capital’s flexible workspace market has come to light with a report out today that shows a sharp rise in new spaces coming to the market. Growing demand for shorter leases led to more than 150 new flexible office space business centres opening in Central London during 2018, marking [...]
Is Persimmon’s success built on solid ground? February 24, 2019 If you are a long-term Persimmon shareholder you will have done pretty well out of recent years. Starting 2012 at around £4 a pop, the stock closed last week near the £25 mark. The arrival of the government’s Help to Buy programme in 2013 may have had something to do with that meteoric rise. This [...]
Housing minister James Brokenshire ‘concerned’ over Persimmon’s Help to Buy scheme, reports say February 23, 2019 Housing minister James Brokenshire has raised concerns that Persimmon is not operating correctly within the Help-to-Buy scheme, according to reports. Brokenshire is “increasingly concerned” over the behaviour of the UK’s second biggest housebuilder, raising issues over leasehold, build quality and accountability, a source told Reuters. “Leasehold, build quality, their leadership seemingly not getting they’re accountable [...]
Most home purchases made by first-time buyers in 2018, research shows February 23, 2019 The majority of home purchases were made by first-time buyers last year for the first time in 23 years, according to new research. The number of first-time buyers reached 372,000 in 2018, the latest Halifax First-Time Buyer review shows, and now account for more than 50 per cent of all house purchases with a mortgage. [...]
Focus On Roehampton: Thinking of living in Wandsworth? Consider this leafy spot instead and you could save £100,000 February 22, 2019 The thing about university towns is they’re always full of students. This doesn’t just make them a great property investment for Revolution bars and Wetherspoons, but also for landlords who fear void periods, even if it means occasionally having to get Pot Noodle stains out of the carpet. The University of Roehampton – incidentally, the [...]
Opinion: Banning letting agent fees is a sweeping measure that wasn’t properly thought out and doesn’t get to the root of the problems February 22, 2019 Property is one of many industries that has fallen behind the times when it comes to accountability and transparency. In my view, one of the best ways to improve any industry is with carefully thought-out investment in regulation, especially in a world that increasingly demands accountability. The lettings industry needs this as much as any [...]
Property of the Week: House designed by Sir David Adjaye in King’s Cross is on sale with internal fish ponds and gardens February 22, 2019 If you’ve been meaning to drop into the Design Museum for the new Sir David Adjaye exhibition, consider this week’s Property of the Week a taster of what’s to come. This three bedroom house was created by the British architect, who was the lead designer of the National Museum of African American History and Culture [...]
New homes: Our pick of the new builds going on sale in London this weekend February 22, 2019 New developments on the market this week Acton Gardens, Acton From £430,000 Get on the Crossrail network with these new homes next to Acton High Street. Residents will have four train stations to choose from, including one linked to the high-speed rail network that is due to be running by the end of the year. [...]