New homes on sale in “mini-Manhattan” London City Island, marketed as the capital’s would-be culture hub September 1, 2016 London City Island, Leamouth Peninsula From £365,000 The final and tallest building in the London City Island development will go on sale on Saturday. The marketing suite on the Leamouth Peninsula site will throw a party with ice pops and a juice bar from 10am to 5pm to entice buyers to invest in studio to [...]
These are Britain’s ugliest new buildings September 1, 2016 Ugly new buildings are popping up all the time, but only the biggest crimes in British architecture make it onto the Carbuncle Cup's shortlist. The list, compiled by design experts for architect trade bible Building Design, is a real horror show this year – and London is well represented. The City has, of course, made the shortlist, [...]
Canada Life re-opens its property fund as the commercial property market shows “stabilisation” after the Brexit vote September 1, 2016 Canada Life has re-opened its commercial property funds after investors withdrew cash in the wake of the Brexit vote – but the firm has admitted its property valuations may be inaccurate due to current market conditions. When investors scrambled to take out money from property funds at the end of June, Canada Life and several other firms were [...]
Housebuilder shares climb on positive house price data August 31, 2016 It's been a rough ride for FTSE 100-listed housebuilders since the EU referendum – but today's house price data from Nationwide is helping the builders' share prices climb back to levels seen before the Brexit vote. Nationwide said this morning house prices were up 0.6 per cent month-on-month in August, and 5.6 per cent year-on-year. Berkeley Group was on [...]
These are London’s best postcodes for quality of life August 31, 2016 If you're looking for a better quality of life, look no further than SE1, according to new research, which suggests Bermondsey is the capital's most desirable postcode. According to the research, by Banda Property, Bermondsey is top of the postcode pops because of its "elusive London village feel". Read more: House price growth is driving [...]
House prices went up in August – but Nationwide says the outlook post-Brexit vote is “cloudy” August 31, 2016 Despite the recent Brexit vote – and changes to stamp duty rules – pouring cold water on new buyer enthusiasm, house prices picked up again in August. The Nationwide house price index for August showed prices increasing by 0.6 per cent, with annual house price growth increasing to 5.6 per cent, up from 5.2 per cent in [...]
Berkeley and housing stocks risk being evicted from FTSE 100 index August 31, 2016 Housebuilder Berkeley Group could be booted from the FTSE 100 today after a near 30 per cent slump in its share price so far this year. Building materials company Travis Perkins is also teetering on the edge of the blue-chip index with shares now down about 12.5 per cent since the UK voted to quit the [...]
These are the Night Tube stations with the highest rental yields August 30, 2016 The Night Tube – which finally arrived earlier this month – will drive up property prices in London's outer areas, according to estate agent Portico. Zones 3, 4, and 5, are expected to do well from the all night underground service, with the highest rental yields on the network are concentrated in the outer zones. Rental yield is calculated as [...]
Mortgage approvals fell to 18-month low in the first full month since the Brexit vote August 30, 2016 Mortgage approvals hit an 18-month low last month, according to figures from the Bank of England. In the first full month after the Brexit vote, approvals fell to 60,912 – down from 64,152 approvals in June. The number of approvals has been falling since March, when the stamp duty hike on second homes came into effect. There [...]
Iconic Art Deco cinema in east London to be knocked down and turned into a Lidl August 30, 2016 One of the few Art Deco cinemas remaining in London is set to be knocked down and replaced by a Lidl. The Towers Cinema on Hornchurch High Street, which is 80 years old, will be bulldozed despite local residents opposing the plans. Hundreds of residents signed a petition calling for councillors in Havering to protect the [...]