Houses priced below £100,000 are officially extinct in London October 17, 2016 Houses priced below £100,000 are now an extinct species in London. According to research by Jackson-Stops and Staff, all London homes worth less than £120,000 will disappear this year, with properties worth less than £150,000 set to vanish by 2020. Read more: This is how sterling's unstoppable slide will affect UK house prices Ninety-three per [...]
Sales of houses worth over £10m crashed this summer October 17, 2016 Sales of super-prime properties in London – luxury pads costing over £10m – slumped this summer. According to research by property consultancy London Central Portfolio (LCP), sales have fallen 86 per cent in the three months to August as compared to the same period last year. Read more: This is how sterling's unstoppable slide will affect [...]
Focus On Holloway: How the area went from “no-go area” to a thriving hotspot for independent businesses October 17, 2016 Holloway may be one of the oldest neighbourhoods in north London, but it hasn’t always been popular. Londoners who weren’t Arsenal fans might only pass through to get on to the M1 and its infamous women’s prison on Parkhurst Road hardly does wonders for its reputation. For a long time, its only cultural claim to [...]
Paris steals London’s crown as Europe’s top property market October 17, 2016 London has lost its spot as Europe's top real estate market in the wake of the EU referendum. A leading index of Europe's most promising property hotspots found Paris has knocked the capital into second place for the first time in four years with the London market looking set for a bumpy ride as the UK [...]
Review demands government intervention to save the construction industry October 17, 2016 An independent review of the construction sector has called for government intervention to save an industry in "inexorable decline". The report, commissioned by two government departments, slams construction's "dysfunctional training model" and its "lack of innovation". Read more: UK construction industry still struggling for momentum Mark Farmer, chief executive of Cast, who led the review, said [...]
Got £40m? You could buy Liverpool’s iconic Liver Building October 17, 2016 Liverpool's Royal Liver Building is up for sale and is expected to attract buyers offering more than £40m for the landmark and its Liver Birds. The Grade I listed property is being sold by Royal London Mutual Insurance Society. It is the first time it has been on the market since it was first opened in [...]
Apple’s move to Battersea Power Station boosted London office take-up in the third quarter October 17, 2016 Take up of London's office space has bounced back in the third quarter as the market adjusted to the new normal following the Brexit vote. According to figures from CBRE, acquisition of office space increased 21 per cent quarter-on-quarter, having fallen by 22 per cent in the second quarter. At 2.9 million square feet (sq [...]
Property price rebound continues in October as northern divide deepens October 17, 2016 The price of property in the UK coming on to market has risen for the second consecutive month, recovering from two consecutive falls in July and August. The average price of property coming to market rose by 0.9 per cent (£2,623) this month to £309,122, just 0.4 per cent below the all-time high reached in June. [...]
People living in this location care most about house prices October 16, 2016 The hot topic of house prices keeps the nation preoccupied perhaps more than any other country – but some areas of Britain are more concerned than others. Residents of Reading are the nosiest when it comes to finding out how much their neighbours' homes are worth, searching twice as much as those in other areas according to property website Zoopla. [...]
London house prices fall in September, driven by value drops in most expensive boroughs October 15, 2016 The average house price across England and Wales rose minimally last month, with a month-on-month fall recorded in London. The 0.6 per cent fall in the capital between August and September was prompted by large drops in value in the most expensive boroughs. While 11 of the 12 cheapest boroughs saw double-digit annual house price [...]