Commercial real estate share prices suffer as future of the City hangs in the balance after the Brexit vote July 4, 2016 The share prices of commercial real estate share prices have suffered today after the Brexit vote put the future of London's financial district in peril. Liberum analysts said today that the risks surrounding commercial real estate have increased as the future of offices in the City is likely to remain uncertain for a long time. Read more: Nearly a [...]
Boss of property website Zoopla revealed to be behind Brexit legal action bid July 4, 2016 Alex Chesterman, chief executive of online property group Zoopla, has been revealed as one of the names behind a legal challenge to Brexit. London law firm Mishcon de Reya announced over the weekend that it was putting together a team who could mount a legal challenge if the government kicked off the Article 50 process – [...]
Housebuilders’ share prices drop after “dire” construction data released July 4, 2016 UK housebuilders' share prices fell this morning after the publication of data showing construction activity fell ahead of the Brexit vote. In afternoon trading Barratt Developments' share price was down 4.19 per cent, Persimmon's fell 4.94 per cent, Berkeley Group's share price fell 4.41 per cent and Taylor Wimpey's share price was down 4.59 per cent. Commercial real estate [...]
Kier Group boss says Brexit has not hit business but has created uncertainty July 4, 2016 Construction and property firm Kier Group today said trading is continuing in line with expectations – and the UK's vote to leave the EU has not had any adverse effect on business to day. Shares in the group were up by 1.52 per cent in early trading, to 1066p. The company said that, while the [...]
Uniting the suits and the beards: Co-working’s rise July 4, 2016 Co-working the latest trend in ultra-hip working practices, has now hit the mainstream. The word conjures up images of bearded, flannel-shirted hipsters working on iMacs in Scandinavian inspired “spaces”. Yet more and more corporates are now adopting it, with the likes of Microsoft, Philips and several mainstream retail and investment banks creating specialised working environments. [...]
London’s poshest properties may be past their peak due to UK’s referendum vote July 1, 2016 Prime property in London has been losing some of its shine this year. The political and economic uncertainty in the UK has been weighing on London's high-end homes, as research shows prices fell in the second quarter of 2016. The average value of a prime property in central London fell 1.4 per cent in the quarter, [...]
Opinion: A real estate legal specialist explains why using Brexit to get out of a property deal is a very bad idea June 30, 2016 Several days on from the result of the EU Referendum and, inevitably, many are wondering how leaving the EU will affect the London residential property market. First, it’s important to take a step back and look at what was happening before the referendum. The 15 per cent stamp duty and annual taxes for properties worth [...]
Interiors: How to tastefully use the floral trend in your home by creating a botanical wall June 30, 2016 Who remembers when House of Hackney arrived on Shoreditch High Street three years ago? The first standalone shop for the brand, it’s been a huge hit, bursting with imaginative prints. At the time its signature design was Palmeral (“an explosion of palm leaves reminiscent of 1930s Palm Springs”) a print covering everything from lampshades on [...]
Property of the Week: Morpeth Terrace, the historic antiques-stuffed home of a Sotheby’s auction house boss in Victoria June 30, 2016 Price: £1.495m When Heinrich von Spreti, executive board member at Sotheby’s auction house, was looking for somewhere to live in London, he stuck to the old adage “location, location, location.” And, boy, did he find one. His Grade II listed apartment on Morpeth Terrace, a sought-after mansion block, afforded von Spreti an extraordinary morning commute. [...]
New homes on sale in London this weekend: from South Bank Tower to eco “Urban Houses” in Blackheath June 30, 2016 South Bank Tower From £1.8m The remaining 193 studio to four bedroom apartments and penthouses in the 41-storey South Bank Tower – formerly the IPC Media building – are now on sale. Four new show apartment by four interior designers – 1508 London, Goddard Littlefair, Studio Ashby and Rachel Winham – have been drafted in by [...]