Croydon is a brutalist playground and a photographer’s dream August 15, 2024 I stand killing time on the platform of one of Croydon’s many decrepit railway stations. Like me, it’s seen better days, and again like me, its makeover has been on the cards for years. I do a lot of waiting and thinking here, mostly enforced. Norwood Junction: even the name sounds like a line from [...]
One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
‘Magnificent’ Hyde Park penthouse on sale for £60m August 13, 2024 A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]
The Brewery: Royal Ascot caterer buys landmark City of London venue August 12, 2024 The company that provides catering for Royal Ascot has acquired a major large scale event venue in the City of London. Rhubarb Hospitality Collection (RHC) has snapped up The Brewery, which hosts more than 500 events a year, for an undisclosed sum from Paul Lewin. RHC itself was acquired by Oak View Group (OVG) in [...]
Has the UK housing market turned a corner as the Bank of England cut interest rates? August 9, 2024 Quiet optimism is the mood of the day in the housing market, as house prices firmly ticked up in July. Both the Nationwide and Halifax house price indices posted accelerating house price growth. Nationwide reported a 0.3 per cent month on month increase and Halifax pointed to a stronger 0.8 per cent month on month [...]
Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
A former royal residence in Little Venice could be yours… for £26m August 6, 2024 A former royal residence in Little Venice that was once owned by Irish-American dancer Michael Flatley has gone on the London property market for a cool £26m.
Legal & General bags extra £150m for affordable homes drive as housing crisis worsens August 5, 2024 Legal & General has secured an extra £150m for its UK affordable housing drive, pushing total its total pot to £280m.