‘Higher for longer rates’ sparked shift to premium London office space September 27, 2023 Property developer Landsec reported strong demand for premium office space in central London, as firms react to the message of interest rates being “higher for longer.” The commercial real estate giant said office occupancy in Victoria, where half of its central London business sits, is now 100 per cent let and with £17m of lettings [...]
Greenwich: London council orders demolition of luxury blocks built ‘without planning permission’ September 26, 2023 Greenwich Council has ordered that two luxury riverside residential towers be torn down because they were erected without planning permission. Mast Quay Phase II, located in Woolwich, was completed in 2022 and residents have since moved into the posh towers which feature an onsite gym. But the council has argued that the finished building looks [...]
Facebook owner Meta shells out £149m to break London Regent’s Place lease September 26, 2023 Facebook owner Meta Platforms surrendered one of its two buildings at Regent’s Place, paying £149m at the end of September to break the lease. Property developer British Land revealed that the end of the lease will result in post interest savings of 0.6 pence for the half year. The £149m fee was first reported by [...]
Gazumping and you: How to avoid being gazumped on your dream home September 22, 2023 Moving house is rated as one of the top three stressful events in life, alongside death and divorce, heaven forbid. Just when you thought it couldn’t get any worse, along trundles the devilish duo of gazumping and gazundering. Derived from the Yiddish word “gazumph” (to overcharge or cheat) these twin horsemen of the property apocalypse [...]
Horizon 22: Europe’s highest free viewing gallery opens doors next week September 20, 2023 Horizon 22, London's newest and highly anticipated viewing gallery, will open its doors to "welcome and wow" guests next week.
UK house prices rise 0.6 per cent in July but London continues pullback September 20, 2023 UK house prices increased by 0.6 per cent on average in the 12 months to July 2023, down from a revised 1.9 per cent in June 2023.
Galliford Try raises outlook following bumper year September 20, 2023 Construction firm Galliford Try reported a 12.6 per cent surge in revenues rising up to £1.3bn in its full year results, as the company raises its outlook for the year ahead. The London-listed firm, which builds everything from flats to roads, said statutory profit before tax also rose 87.7 per cent to £10.1m during the [...]
London house prices are falling – these are the boroughs where prices are down the most September 19, 2023 London’s housing market is gearing up for “key selling season” with a reduction in prices, before an uptick in activity is anticipated during the autumn months. Fresh data in Rightmove’s House Price Index shows there has been an overall monthly seller asking price rise by 0.4 per cent this month, which is 0.2 percent lower [...]
London Design District launches flagship building in welcomed boost for capital’s creative sector September 18, 2023 London’s Design District has launched a spectacular new space for smaller businesses at the heart of its Greenwich hub
House prices: Third of asking prices knocked down by £20,000 September 18, 2023 House prices are still being battered by high mortgage rates, with a third of properties knocked down in price by an average of £22,000