Property lender Together toasts £50m profits as hopeful house-buyers told to stay positive as rates fall February 22, 2024 High interest rates on mortgages helped property lender Together post profits of almost £50m during the final three months of 2023, according to new figures.
First time buyers: Homes in London 26 per cent cheaper but affordability remains an issue February 22, 2024 First time buyers in London are spending 26 per cent below the UK market average, but the majority of buyers are struggling with affordability. According to a new report by Zoopla, the average cost of a first time property in London is £399k, which is around £140k cheaper than a typical home would cost in [...]
Vistry: Housebuilder defends doubled pay packet for chief February 21, 2024 Housebuilder Vistry Group's boardroom remuneration committee has not bowed to shareholder pressure over its chief executive’s hefty salary and bonus package.
BT Tower to be turned into Heatherwick-designed hotel by US giant February 21, 2024 London's iconic BT Tower has been sold to a US hotels giant for £275m - who will give it a new life as a hotel
New landmark arena planned by operator of The 02 in London February 21, 2024 The company that runs The 02 in London has submitted plans for a new 8,500-capacity arena in Edinburgh.
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
China’s central bank slashes mortgage rates in high-stakes bid to revitalize property market February 20, 2024 China's central bank slashed the benchmark mortgage interest rate on Tuesday in a bid to jumpstart the country's sluggish property market and boost its struggling economy.
Gove clamp down on short term lets like Airbnb could lead to ‘two-tier system’ February 19, 2024 Under the reform, property owners who let out their homes to visitors will be asked to seek planning permission, alongside placing their name on a mandatory national register for short-term lets.
Levelling Up fund earmarks £90m for London boroughs – is your neighbourhood included? February 19, 2024 Over £90m will be injected into various boroughs across London to revamp tube stations and improve community spaces as part of the government’s Levelling Up fund.