Construction begins on Europe’s tallest modular residential block November 8, 2016 Work has begun on Europe's tallest modular residential tower block, the latest innovation scheme to help combat London's housing crisis. The 26-storey tower will be built in Mapleton Crescent in Wandsworth, and is constructed entirely from modular units – compact flats assembled in factories before being installed with cranes. Read more: How innovation is transforming the property industry The 89-unit [...]
UK house price growth eased off in October November 7, 2016 Much has been said about whether the Brexit vote hit demand for homes in the UK. Figures published today suggest that may be the case: prices grew 5.2 per cent in October, down from 5.8 per cent in September. The average house price hit £217,411 in October, according to the Halifax house price index – that's [...]
It’s now easier to buy a home in New York than it is in London November 5, 2016 London's housing market was once the poor relation of New York's, but rapid house price growth in the UK capital has made it more unaffordable than its American rival. In July this year, the average house price in London was £484,176 as compared to £411,018 in New York, making the Big Apple a more accessible market. [...]
Number of million-pound house sales on the rise November 5, 2016 The number of homes sold for £1m or more has jumped by 12 per cent this year – and nearly two thirds of them are bough in London. According to a report from Lloyds Bank, the sales of homes above £1m increased from 5,946 in the first half of 2015 to 6,684 during the first [...]
UK house price growth set to cool over the next five years November 4, 2016 London house prices will grow by 11 per cent by 2021, according to new research, lagging behind the UK as a whole. Savills is predicting two years of low house price growth due to heightened economic uncertainty as the terms of Brexit become more clear. UK house price growth is expected to be 13 per [...]
As the typical UK house price rises to six times annual earnings, should young people forget about ever buying? November 2, 2016 Ben Southwood, head of research at the Adam Smith Institute, says Yes. Unless something changes, few of today’s youth will ever own their own homes – there is simply not enough housing to go round. Home ownership has been falling, generation by generation. When they were 45, around 80 per cent of the cohort born in [...]
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: [...]