Worried about your house price after the Brexit vote? Foxtons are going door-to-door to help September 15, 2016 If you've been obsessively searching Zoopla to find out about property prices after the Brexit vote, put the laptop away – London's best loved property experts are happy to come to you in a branded Mini to answer all your questions. Yes, that's right, Foxtons are going door-to-door in London to boost confidence and help everyone understand the post-referendum marketplace. [...]
London’s the most expensive place in the world to locate a tech startup September 15, 2016 London is the most expensive place in the world to locate a startup, with the average cost of renting office space in Shoreditch outstripping that of San Francisco, Brooklyn and 19 other tech and creative hubs around the globe, putting at risk the city's potential of producing its very own Google. The cost of renting business space in the [...]
Redrow share price boosted by share buyback announcement September 15, 2016 Housebuilder Redrow's share price was boosted three per cent in morning trading after the company said it would be initiating a share buyback programme. The FTSE 250 company recently posted record profits, but said fluctuations in the company's share price meant it would be aiming to buy back 10 per cent of its share capital. [...]
London’s tallest office buildings still command sky-high rents post-Brexit vote September 15, 2016 Fears have been mounting about the future of commercial property after the nation voted to leave the EU, but London's skyscrapers remain some of the most expensive office space in the world. London skyscrapers still command the fourth highest rental value in the world, beaten only by Hong Kong, New York and Tokyo, according to [...]
Shooting the messenger: Rent controls have always and everywhere ended in failure September 14, 2016 Rent controls are back on the political agenda. Their reintroduction is now official Labour Party policy, and the Conservatives will probably follow with a somewhat milder version in due course. It is easy to see why: according to a recent Survation poll, two thirds of the public support rent controls, with most of the remaining [...]
The Green Belt is standing between young people and the homes they need September 14, 2016 Imagine a race in which the finishing line moved further away, faster than you could run. Rigged against you, no matter how hard you tried, the finish line would always move faster. That’s the housing market in London and the South East for most young people, where the dream of homeownership remains just that, a [...]
It turns out the location of craft breweries can predict London’s next house price hotspot September 14, 2016 Craft beer may be a hipster phenomenon, but it's worth paying attention to – if only for the fact it may be able to predict where the capital's next area of house price growth may be. A study by EasyProperty has found prices in the areas around London's 50 "boutique" breweries have bucked the post-Brexit [...]
Galliford Try’s share price jumps as it raises dividend September 14, 2016 Housebuilder Galliford Try's share price jumped six per cent this morning after the company said it would be raising its dividend. In its annual statement for the year ending 30 June, Galliford Try said it would be raising its dividend by 21 per cent to 82p per share. The housebuilder posted record profits of £1.35bn [...]
Martin & Co’s share price jumps as company hails recovery in the lettings market September 14, 2016 Property group Martin & Co's share price jumped more than seven per cent in early morning trading as the company hailed the recovery of the lettings market after the Brexit vote and raised its interim dividend 11 per cent to 2p per share. The group said this morning that business for estate agents had been dampened by [...]
A shortage of land could kill off London’s e-commerce revolution September 13, 2016 Recent reports that Amazon is set to test drone deliveries in partnership with the UK government is just the latest salvo in the fiercely contested battle between the e-commerce giants that are transforming the way we shop. The move also demonstrates the challenges of a constantly evolving logistics sector. City A.M. readers are at the [...]