Property of the Week: Order steak and cigars up to these two ‘bois’ pads above Scottish restaurant Boisdale Belgravia November 12, 2018 When most of us are too tired to cook we simply order a takeaway, but these apartments in Mayfair have a more upmarket solution. Both are situated on top of Boisdale on North Row, part of the legendary chain of restaurants founded by Ranald Macdonald in 1986 to celebrate his true loves; Scotland, whisky, cigars [...]
New homes: Our pick of what’s going on sale in London this week November 12, 2018 New developments on the market this week Aviator Place, Acton From £150,000 for a 40 per cent share of a one bedroom apartment Get onto the property ladder a share at a time by purchasing one of these Shared Ownership homes going on sale in west London tomorrow. Acton is an up-and-coming part of Zone [...]
Break the chain: Spotify backers fund estate agent Nested November 11, 2018 An estate agent that helps homeowners buy their next property chain-free has received £120m from the backers of Spotify, Betfair and Revolut. Nested gives homeowners a cash advance of up to 94 per cent of their property’s value, allowing them to buy a new home before completing a sale. The rest of the value is [...]
The government is finally turning its attention to the housing crisis, but what’s missing? November 8, 2018 There's no question that the housing market is in need of drastic reform. So it was welcome news last week when the chancellor announced that the government was turning its attention to reforming the supply side of the market through a £500m Housing Infrastructure Fund and British Business Bank guarantees for SME house builders. In broader terms, there seems to [...]
London house prices set to slide as caution lingers in the UK property market November 8, 2018 Fears of flat activity in London’s housing market were underlined by a new closely-followed survey this morning, which suggested property prices will continue to sink as buyer caution looms over the capital. According to data released today from the Royal Institution of Chartered Surveyors, 41 per cent more respondents have predicted a further fall rather [...]
London’s unfinished Scalpel tower already half-let November 7, 2018 National Australia Bank and insurer Lombard International are the latest occupiers-to-be at the newest office tower on London's skyline, The Scalpel, at 52 Lime Street. Over half of the tower, which owes its unusual shape to protected views of St Paul's Cathedral, is now pre-let or under offer as the building nears completion. National Australia [...]
The sky’s the limit: Solving the housing crisis involves unlocking the UK’s air rights November 7, 2018 The biggest and brightest cities in the world are known for their skylines, where towers and skyscrapers made of glass and steel jostle with one another, vying for our attention. Skyscrapers are the hallmark of bustling and healthy cities – a sign that a lot of people want to live and work within a few square [...]
Industry veteran Steve Morgan retires from housebuilder Redrow November 7, 2018 While much of today’s property talk has revolved around the bonus-related resignation of Persimmon boss Jeff Fairburn, rival housebuilder Redrow also bid its farewell to founder and chairman Steve Morgan. The industry veteran, who set up the FTSE 250 company in 1974, revealed he was retiring this morning a decade on from returning to the [...]
UK house price growth slows to weakest rate in five years November 7, 2018 House prices slumped to their lowest rate of growth in more than five years last month, as sales remained flat in the latest sign of subdued activity within the UK property market. Prices in the three months to October were 1.5 per cent higher than in the same three months a year earlier, marking a drop from 2.5 [...]
Farewell Fairburn: Persimmon boss asked to leave after £75m bonus backlash November 7, 2018 The fate of under-fire Persimmon boss Jeff Fairburn was finally sealed this morning, with the chief executive resigning in the wake of one of the most heated corporate pay rows since the financial crash. Fairburn, who was the UK’s highest paid boss in 2017, is to leave at the end of the year “at the [...]