London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
London leads the way as UK house prices drop again December 20, 2023 House prices fell by 1.2 per cent in October, widening from the 0.6 per cent fall recorded in the prior month, according to the latest reading from the ONS. Buyers who purchased a home in October paid £3,000 less compared to customers in the exact same period last year. During the month the North East [...]
Home REIT offloads 80 properties in latest scramble to clear debt December 20, 2023 Home REIT, the beleaguered homeless accommodation fund, has sold a further 80 properties in the latest scramble to cut its debt. In a series of updates to the London market this morning, the scandal stricken property investor said that it offloaded the homes which represented 3.6 per cent of the company’s portfolio for over £16m. [...]
Londonmetric mulls takeover of Alton Towers owner could ‘create one of the UK’s largest listed landlords’ December 19, 2023 Logistics landlord Londonmetric is understood to be in talks to buy LXI the owner of Alton Towers and Warwick Castle.
Wealthy middle-eastern investors drive growth in London office market December 19, 2023 Wealthy Middle-Eastern investors are driving sales in London’s office market, as reduced competition acts as an opportunity.
Two more Labour-run councils at risk of bankruptcy could impact one million households December 15, 2023 With two more local Labour authorities at risk of effective bankruptcy, council tax may rise by 15 per cent for these areas in order to pay off debts.
London house prices: Property boss on where he’d be buying in the capital December 15, 2023 MANY regions across the UK can expect to see house price rises in 2024, a leading property association has predicted, with one London spot on their top 10 list
Cracks show in London property market as prime listings come out on top December 15, 2023 London property sales have slumped and rental growth has slowed, but listings above £5m are on a three-year streak as the top sector.
Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
Housing market to improve over next two years as borrowing costs stabilise say surveyors December 14, 2023 As stability returned to the mortgage market over the past few weeks, the housing market has started to show signs of improvement, a new survey conducted by the Royal Institution of Chartered Surveyors (RICS) has said. A net balance of 11 per cent of property professionals reported sales falling rather than rising, narrowing from a [...]
Billionaire vaccine maker buys London’s most expensive property of the year December 12, 2023 A billionaire who made his wealth from vaccines has just made the most expensive purchase on a home in London this year, snapping up a Mayfair mansion for £138m.