This is how far house prices have plunged in Chelsea February 6, 2017 Chelsea house prices fell by as much as 13 per cent year-on-year in January as vendors were forced to drop prices due to higher transaction taxes. Data from estate agents Knight Frank shows prices on high-end homes have dropped sharply in London's most sought-after neighbourhoods. In Kensington and Notting Hill, prices have fallen by 12 per [...]
Housing white paper: Deregulation and council targets are not enough – the government must confront our broken land market February 6, 2017 Following several rumours and proposed dates, it’s fair to say that anticipation surrounding the government’s housing white paper is ramping up. Reports last week suggested that the government is serious about committing to some real reforms, it’s just a question of whether they’re the right ones. Building on some parts of the green belt could certainly [...]
Everything that you need to know about this week’s housing white paper February 5, 2017 The government is set to reveal its long-awaited housing white paper this week after a series of delays. Q: Why do we need a housing white paper? A: There is a mismatch between supply and demand in the housing market which has caused prices to rise to levels that are unaffordable for many. Meanwhile, the [...]
Bank of America Merrill Lynch is looking for new space in the City despite Brexit uncertainty February 5, 2017 Bank of America Merrill Lynch (BAML) has started its search for new office space despite the uncertainty of the City of London's future following the Brexit vote. The US banking giant is currently located near St Paul's Cathedral, but as its lease expires in 2022, the bank has started looking at other buildings that could [...]
Generation rent? Now the government wants to help you out February 5, 2017 The government will this week turn its attention to so-called generation rent, with promises of new measures aimed at helping those who are unable, or not yet ready, to jump on the housing ladder through home ownership. It is pledging to look at new ways of encouraging the building of more affordable rented homes across the [...]
Opinion: Is Bournville Village the key the solving the housing crisis? February 4, 2017 There’s nothing new about employers building houses for their employees. George Cadbury wanted to build a place full of green spaces, where industrial workers could thrive, away from city pollution. By 1895, 143 cottages had been built and Bournville Village was born. Another business industrialist with similar philanthropic ideals was the ‘soap king’ Lord Lever [...]
Interiors: Pick up the perfect craft piece at Collect at the Saatchi Gallery this weekend February 3, 2017 Do you need a stunning centrepiece for the coffee table? Or a trio of pots for the console, or a stunning piece of art glass for a spot-lit plinth? This weekend the Collect fair at the Saatchi Gallery, the “Frieze” of the craft world, brings 37 galleries together from across the globe in a selling [...]
New Builds: New homes on sale this weekend in London in East Finchley, Stratford, Greenwich, Hampstead and Notting Hill February 3, 2017 Ethan Drive, East Finchley £1.25m to £1.75m Sporty families will like these new four and five bedroom detached houses opposite the Chandos Lawn Tennis Club. Finchley Cricket Club and Pure Gym, where buyers will get a year’s family membership. Set in a private gated road, they come with modern luxuries like Hacker kitchens, underfloor heating [...]
Investec is putting £30m towards this Fulham development February 3, 2017 Invetec is providing a £30m financing facility to developer Meyer Homes for the construction of 58 new homes in Fulham. The 24 month facility will also go toward the building of 9,000 square feet of retail space. In total, the plot is across one acre on Fulham High Street. The development will comprise 48 apartments – [...]
Number of new homes registered in London dropped by a third last year February 3, 2017 New home registrations in London dropped by a third last year as developers put the brakes on building following stamp duty reforms and the Brexit vote. The number of registrations – or homes developers plan to build – dropped from 25,760 in 2015 to just 17,322, according to figures from the National House Building Council [...]