Estate agent and housebuilder shares are being demolished after the Autumn Statement November 23, 2016 Shares in some of the UK's biggest estate agents dived today ahead of the Autumn Statement, in which the chancellor is expected to scrap fees for letting agents. Foxtons' share price was down a whopping 14.8 per cent at 104.5p in mid-afternoon trading, after Philip Hammond scrapped letting agents' fees, saying landlords should pay instead. [...]
Soho House has unveiled an online interiors business – we catch up with Jayne Demuro, the brains behind the project November 23, 2016 If you’re one of the 30,000 people currently on a waiting list for membership of Soho House, there may be an easier way to bask in the studied cool of its private members’ clubs. The worldwide hospitality brand launched an online retail business this summer that aims to ‘bring the House home’. Your home, specifically. [...]
Claudio Silvestrin, architect to Kanye West and Calvin Klein, unveils his newest project in Hampstead, north London November 23, 2016 This brand new, ultra-contemporary mansion looks like it belongs in the sunny peaks of the Hollywood Hills. In fact, it’s nestled away in a quiet, exclusive corner of Hampstead, but its starry aesthetic is the creation of an award-winning architect who’s used to bringing the lavish home-stylings of the rich and famous to life. Claudio [...]
Getting ready to decorate this year? Well it’s time to get serious about your bauble game November 23, 2016 If you enjoy idly browsing the shelves of high street stores, you have American entrepreneur Frank Woolworth to thank. The 19th century dime-store magnate pioneered the practice of self-service shopping, whereby customers can handle goods without the assistance of a clerk. Woolworth also enforced the idea of fixed pricing, rather than haggling, as the common [...]
From Charles Rennie Mackintosh to Renzo Piano: how top architects have helped to reinvent the chair November 23, 2016 Architects have been adding chairs and other items of furniture to their design repertoire since the beginning of the 19th century. The relationships and similarities are often surprising, and raise some interesting questions. What is it that distinguishes a chair designed by an architect, rather than a furniture designer? Why would an architect want to [...]
Hammond says landlords should pay letting agents fees November 23, 2016 Landlords should pay letting agents fees, chancellor Philip Hammond said in his first Autumn Statement today. "We’ve seen these fees spiral despite our attempts to regulate them," Hammond said, confirming that the government will ban letting agents fees. Read more: Hammond pledges more than £1bn for broadband and 5G “I can announce today that we [...]
My House: Preston Fitzgerald, an art and antiques collector who’s turned his home into a pop-up exhibition space for young artists November 23, 2016 I’ve been living in London with my partner for 21 years now, having moved here from New York City. I had come from a sales background, but left that behind when I went back to school to get my postgraduate degree in art history. When I began working at Sotheby’s in furniture and contemporary design, [...]
Autumn Statement: London is getting £3.15bn of funding for 90,000 affordable homes November 23, 2016 London is getting £3.15bn of funding for 90,000 affordable homes by 2020-21, chancellor Philip Hammond announced in the Autumn Statement today. The chancellor said in his first Autumn Statement today that housing remains unaffordable for too many in the UK and that London will be getting its share of the affordable housing budget. Read more: [...]
New £2.3bn housing infrastructure fund announced in Autumn Statement November 23, 2016 A new £2.3bn housing infrastructure fund has been announced in the Autumn Statement to unlock new land for house building in high demand areas. The chancellor Philip Hammond also said there would be a £1.4bn fund to be spent on building 40,000 new homes. He announced a £3bn homebuilders' fund for 200,000 new homes and £2bn to build [...]
Hammerson goes on £502m European shopping spree November 23, 2016 Hammerson has been on a European shopping spree, buying up four shopping centres on the continent. The property investor has spent £502m on acquisitions in Germany, Portugal, Spain and Poland, acting with partners VIA Outlets, APG, Meyer Bergman and Value Retail. Its largest purchase was Germany's first established retail centre, a shopping centre in Zweibrucken, on the border between [...]