Waterloo Station is getting a revamp and this is what it will look like November 2, 2016 Waterloo Station is getting a flashy revamp. Lambeth Council have awarded planning permission to a project from London and Continental Railways (LCR), the Department of Transport and Network Rail that will bring the former Eurostar terminal back to life after a decade. There will be 135,000 square feet of office space with high street food and [...]
Housebuilder share prices drop, following the FTSE 100’s slide November 2, 2016 The share prices of housebuilders have fallen in morning trading, following the FTSE 100, which has edged downwards. Barratt Developments' share price was down 0.81 per cent, Taylor Wimpey's share price was down 0.61 per cent and Berkeley Group's share price was down 0.42 per cent. After a positive set of results this morning, Persimmon's share price bucked [...]
People are going crazy over this suggestive skyscraper called the Spire November 2, 2016 The £800m skyscraper set to be Europe's tallest live-in tower has become London's newest phallic symbol. The plans for the skyscraper – also known as the Spire – were initially revealed in September, but now it has attracted attention for how it will look from above. Read more: This City skyscraper has just confirmed its first commercial tenant [...]
UK house prices were flat in October November 2, 2016 House prices were flat in October, as the housing market struggled to regain the momentum it lost following the EU referendum. According to data from Nationwide, there was no house price growth month-on-month in October. House prices increased 4.6 per cent year-on-year, down from an annual growth of 5.3 per cent in September. Read more: [...]
Housebuilder Persimmon shrugs off Brexit vote but says it’s staying cautious November 2, 2016 Housebuilders' shares were among the hardest hit after the Brexit vote – but it seems investors may have been over-cautious, after Persimmon reported a 19 per cent jump in sales. The figures In a trading statement this morning Persimmon, the UK's biggest housebuilder, said since it reported its half-year results at the end of August, sales have [...]
Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years November 1, 2016 The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]
London boroughs prepare for £9.5bn business rates hike November 1, 2016 Business rates across all the boroughs of London will rise by £9.53bn over the next five years, according to new analysis. The government has re-evaluated the business rates payable for the first time in seven years, and the new tax rate will come into effect in April next year. Research by business rates specialists CVS [...]
Airbnb renting gives you double the rental income of a long-term let November 1, 2016 The rental rate for staying in an Airbnb home is double that of a long-term rate, providing a potentially lucrative alternative for landlords. According to research by data company Propcision, renting out an Airbnb flat or house in Newham, Merton, Southwark or Camden offers the best return as compared to long-term renting. The worst locations for [...]
Sadiq Khan hits out at Boris Johnson for “mess” left at Old Oak Common November 1, 2016 Sadiq Khan has given his full backing to the huge regeneration at Old Oak Common, but lashed out at his predecessor Boris Johnson for leaving the plans in "a mess". Laying out the findings of his review of the Old Oak and Park Royal Development Corporation (OPDC), the London Mayor criticised Boris Johnson for rushing the [...]
London’s house prices won’t rebound until 2020, according to JLL November 1, 2016 London's housing market won't recover from the hit of the referendum until 2020, property experts have predicted. According to research by JLL, the UK housing market will be "more subdued" over the next few years, and London house prices will recover in 2020 "assuming Brexit negotiations are not too detrimental". Read more: This is how the third [...]