Landlords lose confidence in face of Renters Rights Bill Property Fewer than one in twenty landlords have plans to increase investment in the rental sector in the short term as rising costs and regulatory confusion bite. Half of landlords surveyed by JLL say ongoing uncertainty surrounding the Renters’ Rights Bill discourages them from expanding their portfolios, while two in five say they have been out [...]
London house prices fall fuels sales surge Property Sales of prime central London housing jumped up during the first three months of 2025 as prices fell amid the ongoing global uncertainty. Residential sales activity in the first quarter rose 12 per cent compared to 2024, according to new research from global property advisor JLL. “There are clear signs of renewed confidence across prime [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech Property Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
London house prices gloom revealed but owners set for £84,000 boost November 6, 2024 The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK. Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, [...]
London prime property prices steady despite Budget and non-dom uncertainty October 18, 2024 Property prices in London’s prime residential market have shown resilience despite buyer jitters ahead of the much-discussed Autumn Budget. While speculation on what taxes Reeves might increase has reached fever pitch – and those taxes are likely to affect the property market – prices picked up in the third quarter. There was a 1.8 per [...]
JLL cans dividend as profit slumps but predicts turnover boost October 7, 2024 Profit has been slashed at the UK arm of global real estate services giant JLL as “increased market uncertainty” hit its earnings. The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover reduced from £460m [...]
BGO secures Victoria’s largest ever pre-let as firm relocates HQ September 23, 2024 Finance services firm set to relocate HQ from Mayfair to 105 Victoria Street after it signed the largest pre-let in Victoria's history.
Why the ‘mood music’ surrounding the housing market outside London has changed February 27, 2024 An influx of new residents into Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow helped the housing market remain resilient during 2023, according to a new report.