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Property

  • Staggering 90 per cent of £500k-a-year professionals denied a mortgage

    January 29, 2024

    UK corporate high-flyers making more than half a million pounds per year are being rejected for mortgages, a new report has found. 

  • London house prices: Best time to buy since 2016, experts say, but it won’t last

    January 29, 2024

    House prices in London are more affordable but the capital has been warned not to “get carried away” amid a frenzy of mortgage rates cuts. 

  • London rents at record high as market hits ‘affordability ceiling’

    January 26, 2024

    The average price of rent in London has hit a record high of £2,631 per month, and is forecast to grow by three per cent more this year, a new report has found, but the market may hit an “affordability ceiling”.  A study by property portal Rightmove said that this is just four pounds higher [...]

  • Revealed: The impact Gary Neville’s £400m landmark Manchester development is having

    January 25, 2024

    Gary Neville's £400m landmark development dominated a city's office market in 2023, in the same way it will soon do with its skyline.

  • Workspace: London office provider’s chief to retire after 16 years at the helm

    January 25, 2024

    Flexible office provider Workspace will kick off the recruitment process for a new chief executive, following the retirement of its current boss. 

  • Higher-for-longer London rents and bumped-up property prices leaves Foxtons optimistic for 2024

    January 25, 2024

    Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m, for the full year. 

  • Wework dragged to court over refusal to give up lease on London Southbank office

    January 24, 2024

    Embattled co-working space Wework is being dragged to court because it is refusing to forfeit the lease at one of its most profitable locations on London’s Southbank, according to reports.  Almacantar, the property developer who oversees the building at 10 York Road, has been trying to kick the troubled American firm out since it filed [...]

  • London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up

    January 23, 2024

    London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up.  The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]

  • Hundreds of affordable London homes in pipeline as part of £276m scheme

    January 23, 2024

    A housing developer, owned by FTSE 250 firm Vistry, has bagged a £276m scheme to build 739 new homes in Colindale, North West London.  Countryside Partnership was named as the preferred developer by the Greater London Authority (GLA) and the Mayor’s Office for Policing and Crime (MOPAC), who are bringing the scheme forward.  Some 60 [...]

  • London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’

    January 23, 2024

    One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.

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