Number of private renters doubled over last decade July 21, 2016 The rise of renters was laid bare today as new figures showed the proportion of homes in the private rental sector has doubled over the past decade. The Office for National Statistics (ONS) said 19.6 per cent of households — or 4.3m — were renting in 2015, up from 10.3 per cent in 2005. Fewer [...]
Opinion: Sotheby’s International Realty UK’s Robin Paterson on the benefits of Brexit on the London housing market July 21, 2016 In just four weeks the UK is already recovering from the ‘post Brexit dip’. We have seen the pound to euro exchange rate bounce back and we have seen our political dismay begin to correct itself with the welcome and surprisingly swift appointment of our new Prime Minister. We cannot deny that, in the first [...]
Holiday Homes: The modern glass houses surrounding the golf resorts of Quinta do Lago in Portugal are worth millions July 21, 2016 Overlooking the Golfe green at the five star Portuguese resort of Quinta do Lago are four houses – all, at first glance, the epitome of the “escape to the sun” idyll. Three of them, recently built by the same developer, are large, ultra-modern glass homes that wouldn’t look out of place on BBC’s Grand Designs, [...]
Property of the Week: This old printing factory on Epworth Street in Shoreditch has the old Home Office’s reclaimed parquet flooring July 21, 2016 For the first time in almost a decade, this unique home has gone on the market in a former Victorian printing factory in the heart of Shoreditch. It was transformed from an industrial 80s development into the light and airy family home it is today by Julie Sibley, an Ayurvedic medical practitioner who lives on [...]
The housing market was buoyed by mortgage momentum on the eve of the EU referendum July 21, 2016 Mortgage lending rocketed to an eight-year high before last month's EU referendum as the housing market showed few signs of pre-vote jitters Figures released by the Council of Mortgage Lenders (CML) showed £20.7bn was dished out to homebuyers and re-mortgagers in June – 16 per cent more than in May. The figure was an eight-year [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]
Ashtead shares pop on the back of US peer’s strong results July 21, 2016 Ashtead Group was lifted by a solid set of financial results from its US peer United Rentals. The UK equipment rental company became the FTSE 100's biggest riser today, as its shares swelled 4.4 per cent to a one-year high in early morning trading. Read more: Ashtead builds on a set of good results United Rentals' second quarter [...]
Oh, we do like to be beside the seaside: These are the best seaside towns to invest in property July 21, 2016 Dreaming of a life by the sea? You could do a lot worse than buy a house in Margate, new research has suggested. Zoopla's 2016 Seaside Property League said house prices in the town – which has become a haven for London hipsters after the opening of its Turner Contemporary gallery – have risen 12.5 per [...]
Demand for commercial property “subdued” and could hit rents, says Land Securities July 21, 2016 Land Securities' chief executive has warned today that occupier demand for commercial property is likely to be "subdued" – and that rental values could be hit as a results. CEO Rob Noel released a statement ahead of Land Securities' annual general meeting today saying the company expects uncertainty to continue while the UK negotiates its Brexit [...]
Investors are getting cold feet about UK commercial property since Brexit July 21, 2016 The commercial property market is grappling with a drop in confidence and investor demand after the Brexit vote, according to survey by the Royal Institute of Chartered Surveyors (RICS). The RICS survey of chartered surveyors found 36 per cent of respondents feel commercial property is at the start of a downturn. Read more: Commercial property rents in London face [...]