Alton Towers owner and multi-millionaire Nick Leslau on the “constipated” property market and that rollercoaster tragedy June 12, 2018 Nick Leslau, one of Britain’s wealthiest property entrepreneurs, loves buildings other people would find ugly. “I have a thing for unfashionable buildings that people generally hate,” says the multi-millionaire who turned two sixties office blocks in London into the St Martins Lane and Sanderson hotels. “I like them because of the opportunity they represent and [...]
Ranked: London boroughs where the most homes were sold last year June 11, 2018 The proportion of homes sold in London was lower than any other part of England and Wales last year, according to analysis of Land Registry data by property group Knight Frank. In total, 3.2 per cent of all private London residential properties were sold in 2017, well below the average of 4.1 per cent for [...]
Having a house near a supermarket can boost your house price by as much as £43,000 June 9, 2018 Owning a home close to a chain supermarket could potentially boost the house price by £21,500 on average, according to research by Lloyds Bank. The new research also showed that areas within range of so-called premium supermarkets, such as Waitrose, Marks & Spencer and Sainsbury's, will command house prices which are on average 12 per [...]
Revealed: The UK cities where £1m properties sell fastest June 7, 2018 Homes worth £1m or more have sold most quickly in Cambridge this year, taking only 45 days on average to secure a buyer – twice as fast as the national average According to property website Rightmove, the top five fastest selling million pound locations are all outside of London: Edinburgh and Harpenden are in [...]
Ranked: London boroughs with the biggest increase in new property listings June 6, 2018 New property listings were up 7.4 per cent in May, with London seeing a 5.9 per cent increase in the number of new properties on the market. May therefore saw the the highest number of new sellers list their properties in any single month since before 2017, according to online estate agents HouseSimple. The figures [...]
Samsung selling Commerzbank’s £425m London HQ June 5, 2018 Samsung Life Insurance, the South Korean investment manager, is selling the London headquarters of Germany's Commerzbank for £425m. Samsung is being advised by DWS in the sale of the 400,000 square foot (sq ft) building at 30 Gresham Street, which sits not far from the Bank of England and overlooks the Guildhall. Originally constructed by [...]
Manchester tops list of best UK cities to be a landlord June 4, 2018 Manchester is the best city in the UK to invest in real estate, according to price comparison site Gocompare. According to Gocompare, Manchester had the UK’s highest average yield at 5.55 per cent, followed by Leicester and Cardiff. The company ranked cities across the country based on criteria like average property price and rental yields, [...]
Safe as houses: How to invest in property without buying a home May 31, 2018 Brits are falling out of love with the property market. A recent report from Rathbones found that more than half of investors now take a pessimistic view on the sector. It’s easy to see why, when the government is making life harder for private landlords – with a tax hike just one of several measures [...]
Online property group Emoov to join forces with Tepilo and Urban in £100m merger May 30, 2018 Online real estate group Emoov today announced a £100m merger with digital property firm Tepilo and online letting agency Urban. The combination of the three proptech companies will create the second-largest online real estate agent in the UK behind industry leader Purplebricks. The merged business will be headed by Emoov CEO Russell Quirk, the company [...]
London airspace property developer Apex Housing hits new heights with £6.25m investment from the Business Growth Fund May 29, 2018 Apex Housing, a business which creates flats above London's rooftops, has today nabbed a £6.25m investment from the Business Growth Fund (BGF). Founded in 2008, Apex purchases unused "airspace" above residential, commercial and public building rooftops and converts the space into homes. It uses modular construction methods to build the properties in an offsite factory [...]