Government hires Lazard and Savills as multi-million pound sale of 36.5 per cent stake in King’s Cross Central kicks off August 17, 2015 The government has kicked off the sale of its 67-acre site around London's King's Cross station. Investment group Lazard and high end estate agent Savills are handling the deal. Interested parties have been urged to contact Lazard by 7 September. The decision to sell the government’s 36.5 per cent stake in King’s Cross [...]
London house prices up nearly 10pc in August as first-time buyers hit hardest August 16, 2015 London house prices have had their most buoyant August for eight years, new figures show. Homes in Greater London are 9.7 per cent more expensive than they were in August 2014, property website Rightmove said today. House prices normally face a drop in August when compared with July, as the holiday period distracts buyers and [...]
London house prices up 45pc in five years: Home movers put off as figures soar August 9, 2015 The number of people moving home is in decline, new figures out today show. Rising prices, which many attribute to a lack of house building, may be hindering people from moving up the rungs of the housing ladder, according to the study from Lloyds Bank. The number of home movers reached 155,000 in the first [...]
London house prices: There’s a bold solution to the housing crisis – if councils get out of the way August 6, 2015 Tessa Jowell is the latest mayoral candidate to pledge to build more homes to tackle London’s housing crisis, promising at least 50,000 new properties would be built each year under her watch. The government has also outlined plans for 200,000 new starter homes to be constructed, many also earmarked for the capital. But history tells [...]
Super Thursday: Interest rate rise by the Bank of England could end the buy-to-let boom August 6, 2015 It looks like momentum to raise interest rates could be building over at the Bank of England (BoE), however a legal advice service has warned this could spell disaster for the UK's booming buy-to-let market. Minutes due to be released later today are expected to show between two to three members of the nine-strong rate-setting [...]
UK housing crisis: How deregulated “slums” can solve the shortage of homes and high prices for renters August 6, 2015 A blog recently posted on the ASI website seems to have driven some angry reaction. “Britain needs more slums” proclaimed Theo Clifford, the winner of our 18-21 category of our Young Writer on Liberty Competition. While the ASI has a policy of publishing a whole range of opinions (views expressed on the blog are those [...]
Savills revenues rise 27 per cent as London market stabilises August 6, 2015 Property services giant Savills reported a jump in revenues this morning, despite uncertainty during the run-up to the General Election. The figures Group revenues rose to £547m in the six months to the end of June, up 27 per cent from £430.8m during the same period last year. Profit before tax rose seven per cent to £26.4m, up from £24.7m last year. Meanwhile, underlying [...]
August 2015 TfL Tube strike: Union RMT wants pay rises in line with house price growth August 5, 2015 Transport union RMT has given a rare level of detail into one of its demands over the Night Tube – namely that it is seeking pay rises of up to 25 per cent for the five years. The union has put together a detailed flyer “for the public” to explain why Tube workers are [...]
The 10 Tube stops where house demand is rising most (and least) August 5, 2015 Who doesn’t want to live near a Tube station? Except perhaps, when there’s a strike on, but demand for properties close to the London Underground is up 13 per cent, and it’s in east London where it's rising more than anywhere else across the network. Homes near East Ham, Woodford and Upminster Bridge have experienced [...]
UK house prices: Nationwide says house price growth is stabilising August 4, 2015 UK house prices are back in growth, with the UK average increasing by 0.4 per cent in July, following a 0.2 per cent dip in June, according to the Nationwide House Price index. The relatively modest month-on-month rise means that the annual pace of house price growth edged up to 3.5 per cent from [...]