Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow February 16, 2024 The company's boss, David Sleath, made these comments alongside its full-year numbers, which showed a 12.5 per cent jump in rental income.
Londoners may have to wait 30 years or get a second job to buy a house February 15, 2024 A bleak picture has been painted for prospective buyers in London in 2024, as a number of reports suggest that affordability will remain an issue this year. London has remained the most expensive part of the UK to purchase a home, due to the high demand to live in the capital. Average house prices in [...]
Meet the man trying to rebuild Purplebricks from the ground up February 15, 2024 Purplebricks was sold for £1 last year - now Sam Mitchell is trying to rebuild it
Blackstone abandons plans to offload former FCA HQ in latest blow for Canary Wharf February 14, 2024 Private equity firm Blackstone has abandoned plans to sell a 15-storey building in Canary Wharf in the latest signal that confidence in the east London financial district is dwindling.
UK and London house prices drop again but ‘affordability still a huge barrier’ February 14, 2024 House prices fell in December with the average price of a property now costing £285k – but it’s still hard to afford a home for lots of Britons. The figure, according to a new government release, is down £4,000 when compared to the exact same period the year before, but up from 2.3 per cent [...]
FTSE 100 today: London markets likely to open in the red amid global market rout February 14, 2024 Asian stocks fell in response to a Wall Street sell-off, while the U.S. dollar remained near three-month highs. Oil prices dropped, and Lyft shares retreated after a 60% surge. Investors are closely monitoring the UK CPI and Q4 euro area GDP.
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
Chamber of Commerce warns new Gove housing reforms could ‘squeeze out’ economic activity from the capital February 13, 2024 Levelling up and housing secretary Michael Gove has announced plans to drive more so-called 'brownfield' site developments in London.
Housing market reforms to come thick and fast as Rishi Sunak gears up for general election February 13, 2024 Prime Minister Rishi Sunak has a fight on his hands to regain the confidence of younger, aspiring homeowners (Photo credit: Stefan Rousseau/PA Wire)
More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.