Here’s the newest skyscraper unveiled for the City June 20, 2016 Another skyscraper is joining the Gherkin, the Cheesegrater and the Walkie Talkie in the heart of the City; 1 Leadenhall is the latest skyscraper to be unvieled in the heart of the capital's financial district. A glass tower will be built opposite 6-8 Bishopsgate, at the junction of Gracechurch street and Leadenhall street. Currently, the site is occupied by an [...]
Over half of remortgagors lowered mortgage rates in May as EU referendum looms June 20, 2016 More than half of people remortaging in May chose to lower their mortgage rate, as remortgagors braced themselves for a possible Brexit. A third of borrowers reduced their monthly spend by up to £500, and over a quarter (26 per cent) increased the size of their loan, according to research from Legal Marketing Services (LMS). Read [...]
Sellers are shifting their housing stock in record time despite Brexit worries June 20, 2016 The time it takes to sell a house has hit a record low, as Britain's housing market continues to prove its resilience despite the backdrop of the EU referendum. The uncertainty of the outcome of the vote doesn't seem to have deterred buyers; property website Rightmove said today sellers only have to wait an average of [...]
The new housing crisis is upon us – and it’s those who already own property that should be worried June 18, 2016 We hear an awful lot about the "housing crisis" in the UK and – particularly – in the capital. At one end of the ladder, rents are rising faster than wages and house prices are going up quicker than people can save for a deposit. At the other, new taxes and regulations on second homes [...]
Here are the top places to live for young professionals June 17, 2016 Young professionals are yearning for the seaside as a report out today shows the south coast continues to draw City workers. It is the second year in a row the BN3 postcode of the coastal town of Hove has topped the list of the 20 most popular places for young professionals to live, compiled by Lloyds Bank. [...]
Buy to let bows out: Rents edged down in May as a wave of buy to let properties hit the market June 17, 2016 Rents took a slight dip in May as property transactions completed before the government's stamp duty hike for second homes came onto the market. Compared to April, there was a 0.2 per cent drop in rents, according to lettings agents Your Move and Reeds Rains. Read more: How landlords are softening the blow of buy to [...]
Focus On Bloomsbury: House prices are blooming marvellous in this intellectual corner of central London June 16, 2016 Bloomsbury conjures up images of fusty intellectuals like former residents Charles Dickens, Virginia Woolf, EM Forster and John Maynard Keynes. Home to austere, prestigious institutions like the British Museum, the Royal Portrait Gallery and University College London, it isn’t necessarily somewhere you’d think of moving to. But the recent clamour for central London property has [...]
The Affordable Art Fair in Hampstead is the savvy way to buy original art without breaking the bank – and we can get you in for less June 16, 2016 If you, like me, didn’t quite make it to Art Basel in Switzerland or Design Miami in the States this weekend, then a day out at the Affordable Art Fair (AAF) in Hampstead is a great , wallet-friendly alternative. Each year AAF happens all over the world, from Milan to New York, Singapore to Seoul, [...]
Opinion: Why canny investors need only look for co-working spaces to find London’s housing hotspots June 16, 2016 London’s biggest employment story during the last decade is Tech City, surrounding Old Street Roundabout. In recent years Tech City has undergone significant redevelopment, with investment from companies such as Cisco, Facebook, Google, Intel and McKinsey & Co. Now the third largest tech cluster in the world, it generates 27 per cent of London job [...]
One in five London homes is for sale at £1m or more – here are the priciest boroughs June 16, 2016 So bored of Brexit that you don't even care what happens on the 23 June any more? Well, good news: London house prices are still outrageous, so you can get annoyed (or, deliriously happy, depending on your home ownership status) about that instead. New data out today showed one in five houses in the capital are worth £1m or [...]