The Grosvenor Estate weighs up move to become a serviced office space provider September 13, 2018 It might be one of London’s oldest landlords, but the Grosvenor Estate is mulling a move into one of the property market’s newest trends. In a bid to cash in on the growing popularity of serviced office spaces, the Duke of Westminster’s Mayfair business confirmed it is weighing up the idea of challenging market giants such [...]
UK house prices: London and south east weigh down on growth September 13, 2018 House prices sank in London and vast swathes of the south east in August, according to Rics’ UK Residential Market Survey today, as a regional divide made itself felt on a national scale. Unsold housing stock neared historic lows on estate agents’ book while new instructions fell 15 per cent, down from a three per [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
It’s time to make rent count when assessing creditworthiness September 12, 2018 Have you ever wondered if your credit report reflects your rental history? Given over half of people living in London rent their home, it might surprise you to learn that no matter how good you are at paying your rent on time, this isn’t necessarily reflected in your credit report. Why does this matter? Your [...]
Remortgaging surges in July as homeowners pre-empt interest rate rise September 12, 2018 The number of homeowners remortgaging their houses spiked to its highest level in more than a decade in July, amid a rush to lock in fixed-rate mortgage deals leading up to the latest Bank of England rate rise. Roughly 46,900 new homeowner remortgages were completed in July, rising 23.1 per cent compared with the same [...]
Malta leads house price growth as global hotspots slow down amid new rules September 11, 2018 The small Mediterranean island of Malta has seen the world’s steepest house price growth in the last 12 months, as traditionally fast-growing property hotspots fall behind in the wake of tough new property regulations. Malta experienced a 17 per cent annual rise in house prices during the year leading up to June 2018, topping today’s [...]
New mortgages hit 10-year high as lending activity grows September 11, 2018 Mortgage lending picked up in the second quarter of the year, with new commitments hitting their highest level in more than a decade amid a bump in the number of first-time buyers coming onto the property market. Read more: London house prices set to hit lowest growth levels since financial crash The value of new [...]
Arch rivals: Blackstone and Telereal Trillium win bid for Network Rail property portfolio September 10, 2018 Network Rail is to sell off its £1.46bn commercial property portfolio to an Anglo-US consortium in a deal with significant interest for commuters and other rail travellers. The much-criticised railway infrastructure owner says it plans to use the cash, from US giant Blackstone and Britain’s Telereal Trillium, to upgrade services across the country after coming [...]
Property supply sinks as hot summer distracts hopeful buyers September 10, 2018 The number of houses being put up for sale tumbled for the third consecutive month in August, in a sign that the summer’s bumper hot weather has distracted buyers from the UK property market. Newly-listed houses dropped below 62,000 last month, marking the lowest level since the start of 2018, according to online estate agents [...]