Berkeley shrugs off housing market woes and remains on track for three-year growth plan March 15, 2024 British property developer Berkeley Group is on track to deliver £1.5bn of pre-tax profits over the next three years, according to an update by the firm this morning.
FTSE 100 today: London markets to open lower amid global weakness, Wall Street tech decline March 15, 2024 Asian stock markets faced downward pressure due to a tech-driven slide, while Bitcoin plummeted by 4%. Chinese home prices dropped amid a worsening property market, with the PBOC maintaining key rates unchanged. Investors are now eyeing upcoming U.S. data releases for economic insights.
China’s housing crisis: Chinese home prices fall in February as property woes deepen March 15, 2024 China's housing market displayed continued weakness in February, with new home prices declining for the eighth consecutive month, according to official data released on Friday.
Olympia London achieves precertification on healthy offices March 14, 2024 Olympia, the £1bn regeneration scheme in Hammersmith, has achieved all the precertification required to ensure staff in offices which will open on the development have the healthiest space to work.
Vistry launches buyback as revenue boosted by affordable housing push March 14, 2024 Vistry has reported a rise in revenue during the full year as its transition to affordable housing appears to be paying off.
High-end estate agent Savills blames interest rates for profit crash March 14, 2024 Commercial and residential estate agent Savills made a loss during the full year, as rising interest rates hindered activity.
Persimmon braces for ‘challenging year’ as company reports huge drop in house completions March 12, 2024 House builder Persimmon expects 2024 to be another “challenging year,” as elevated interest rates are continuing to bruise the sector.
Gulf billionaire buys former London Park Street embassy for £25m (it was worth £10.6m in 2012) March 11, 2024 A Middle Eastern billionaire has bought the former Cyprus Embassy turned mansion in London’s Park Lane for £25m.
London Waterloo could look very different if new masterplan goes ahead March 11, 2024 Long term plans to transform Waterloo Station have been unveiled today, in fresh efforts to improve connections with South Bank and the rest of the capital.
Will Hunt’s tax changes push non-doms out of London? March 11, 2024 Non-doms, or non-domiciles, are people who live in the UK and pay tax on UK earnings whilst maintaining a primary home overseas.