Sadiq Khan’s rent caps could benefit London landlords May 12, 2016 London’s newly elected mayor, Sadiq Khan, has already committed to making the London housing crisis a priority. He has announced a raft of policies aimed at helping the capital’s two million private renters, and one is attracting particular scrutiny and controversy – the introduction of a London rent cap. Few people doubt rents in London [...]
London is still the world’s most luxurious property market while Auckland is the “hottest” city according to Christie’s International Real Estate May 12, 2016 This may come as little surprise, but London has retained its title as the world's most luxurious property market for the fourth year in a row, according to Christie's International Real Estate. The capital topped the list of 100 cities surveyed, beating Hong Kong, New York, Los Angeles and Singapore to the real estate top [...]
Open data: London is streets ahead when it comes to helping commuters plan their journey – but we mustn’t become complacent May 12, 2016 Whether we’re trying to navigate around traffic jams or route closures, find the quickest way to a meeting or explore a new area of the city, many of us rely on technology to identify the best route to take. Transport and navigation apps have been allowed to flourish in London thanks to the availability of real-time and static [...]
Huge sinkhole swallows car in Greenwich May 12, 2016 Residents of Greenwich were probably not expecting a giant sinkhole to appear on a sunny Thursday morning, but that's exactly what happened – and it's not ended well for one car owner. The road has half swallowed a blue estate, leaving it in a precarious yet comedic angle. There was no one in it and no one [...]
Sadiq Khan makes one small step in the right direction May 12, 2016 At the start of the week City A.M. asked – "will Sadiq Khan live up to his promise of being London’s most pro-business mayor?" The victorious Labour candidate may have set himself a tough target, but he has at least started on a positive note by dropping City Hall’s objection to expansion plans at City [...]
London is home to more multi-millionaires than any other city in the world May 12, 2016 London has more multi-millionaires than any other city in the world, new research reveals. The UK’s capital is home to 4,400 “super-rich” people with net assets worth $30m (£20.7m) or more, excluding the value of their main house, figures from data provider Wealth Insight for 2015 show. This is up by 0.8 per cent over [...]
Eight of London’s best rooftop bars and summer terraces in London to drink cocktails, eat BBQ and get sunburned, from Chelsea to The City to Canary Wharf May 11, 2016 The weekend's mini-heatwave may already seem like a distant memory, but fear not – we're due plenty more long, hot afternoons that are good for nothing but sitting on a terrace sipping pink cocktails and sweating. But where can one achieve such a glorious thing? Well, let us tell you – here's a round-up of some [...]
Not-so-happy holidays: The dream vacation costs more than double what Brits think it will May 11, 2016 The weather outside might be frightful but at least your wallet is looking delightful – or at least, more delightful than it would do if you had opted to fly away on holiday to escape the rain. British holiday hopefuls might be surprised to learn that their ideal vacation could set them back 145 per cent [...]
London tops the UK as tourism hotspot, with tourists spending £36bn a year in the capital May 10, 2016 The tourism industry is worth more than £15bn to London’s economy, more than any other region in the UK, new figures from the Office for National Statistics (ONS) have shown. Foreign tourists in the capital on business and holidays, along with day-trippers from the rest of the UK spent more than £36bn in London in [...]
“Hazard zone” deployed around Leadenhall Market after explosion May 10, 2016 Leadenhall Market has been closed after an explosion, thought to be caused by an electrical fault, occurred this morning. A 20-metre hazard zone has been put in place around the City hub and it is not clear when the area will be reopened. We're dealing with a manhole cover fire at Leadenhall Market. We've put a [...]