London’s priciest mansions struggle to sell as luxury property market faces change December 7, 2023 Economic headwinds are taking a toll on the two priciest mansions in London, reports suggest, as the luxury property market continues to adapt. The two properties – Rutland Gate and The Holme – are on the market with a combined listing of £475m. A person familiar with the matter told Bloomberg that founder of real [...]
Community protest postpones Shepherd’s Bush Market redevelopment plans December 6, 2023 Protests forced a Hammersmith and Fulham Council meeting to be cancelled, where plans to redevelop Shepherd’s Bush Market were set to be approved. Some 20 protesters from a local community group, Protect Shepherd’s Bush Market, gathered together in opposition to the plans “after 18 months of raising concerns.” The community group stated as part of [...]
Lack of buyers for No 1 Poultry loan in worrying sign for City’s property market December 6, 2023 Bank of Ireland is trying to dodge a loss on a loan secured against No 1 Poultry, a worrying sign for London's commercial property market.
‘Mr West-End’ takes over Haymarket House in £400m hotel plot December 4, 2023 A property tycoon nicknamed ‘Mr West-End’ has bought Haymarket House in Soho, with plans to convert the upper floors into a £400m hotel. Billionaire entrepreneur Asif Aziz, has paid around £135m through his investment business Criterion Capital for the popular Piccadilly Circus building. The landmark ‘Happy’ restaurant and comedy club which occupy the ground floor [...]
Cash-rich Ukrainians and Chinese swap Mayfair for St Johns Wood – as wealthy crave more space December 4, 2023 Rich tenants are ditching their traditional stomping grounds of Belgravia and heading to the leafier surroundings of St Johns Wood.
House prices to fall further next year as sellers drop prices says Rightmove December 4, 2023 House prices will fall one per cent next year as competition heats up amongst sellers, according to property portal Rightmove.
Berkeley shares at 12-month high as investors regain confidence in UK’s property market December 4, 2023 Shares in high-end housebuilder Berkeley stand at a 12-month high, as investors are beginning to regain hope in the UK property market after a torrid few months. The FTSE 100 firm is set to post its half year results on Friday, with its cheery outlook boosted by plans by boss Rob Perrins to storm ahead [...]
Soaring rents pose a ‘threat’ to London’s competitiveness as youngsters are priced out December 4, 2023 Soaring rents in London pose a “threat” to the capital’s competitiveness, a number of business groups have warned.
Meet the young professionals abandoning London – and the rental crisis December 4, 2023 A typical weekend for Jack Trimmer used to be spent in busy pubs in South West London. But they tend to look a bit different since he moved back into his parents home in Hampshire a few weeks ago.
Abu Dhabi firm buys Nine Elms developer London Square for £230m December 1, 2023 An Abu Dhabi real estate firm has snapped up British property developer London Square today in a £230m deal.