Is the real Airbnb hell about to begin? August 8, 2024 A site called airbnbhell.com, a rabbit hole of “uncensored” stories of host and guest experiences, reveals detailed anecdotes ranging from pet problems and parties, to discrimination and fraud. It is no longer an active site but the holiday home rental app had a hell of its own on Wednesday when shares plunged 16 per cent [...]
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry August 7, 2024 Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]
‘Too late for rent caps’: East London rents jump 50 per cent since 2019 August 5, 2024 Rental costs in London have skyrocketed over the past five years, and new data has shown that rental growth in the city’s historically-affordable east has risen the fastest. Prices have risen by around 50 per cent in Shoreditch, Bethnal Green and Haggerston to pass an average of £1,000 per month, according to data from Spareroom. [...]
Labour’s mutant algorithm will put houses in places that need them least August 5, 2024 Why has Labour reduced building targets in areas where the housing crisis is most acute – like London – while blanketing more affordable places, like Burnley, with new development? It all comes down to the algorithm, explains Josh Coupland On Tuesday, newly crowned yimby queen, Angela Rayner announced a raft of measures to get Britain [...]
Skipton mortgages shoot up as society hits million savers mark August 2, 2024 Mortgages delivered by Skipton Group rose almost 11 per cent over the last year to a whopping £30bn, the group said.
House price growth accelerates ahead of potential interest rate cut August 1, 2024 UK house price growth has accelerated in the past month as buyer confidence picked up and mortgage rates fell ahead of a potential interest rate cut by the Bank of England. UK house prices rose by 0.3 per cent month on month in July, Nationwide reported in their monthly house price index. The annual growth [...]
Rayner must defy her own backbenchers and build, baby, build July 31, 2024 Angela Rayner has clearly been reading City A.M.. In a statement to the House of Commons yesterday the housing secretary outlined plans to build 370,000 homes a year, in a clear victory for our Build, Baby, Build campaign. The challenge now is to realise that ambition in bricks and mortar. It is encouraging, then, that [...]
Foxtons: London estate agent hikes dividend as turnaround plan gathers steam July 30, 2024 London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being navigated by its new chief executive.
Lloyds housing fund snaps up £300m Watkin Jones scheme in London’s Stratford July 29, 2024 A housing impact investment fund run out of Lloyds Banking Group has snapped up a new 397 bed purpose-built student accommodation (PBSA) development in Stratford in a deal worth nearly £300m.
Build, Baby, Build: If you want growth, you need social housing July 24, 2024 Key workers are being priced out of renting in London, placing huge human and economic costs on the capital. By recognising the value of social housing to people and to the economy, we can make the case to build more much-needed social housing in London and create a more affordable, more inclusive city for all [...]