Paypal to open major office in London landmark April 23, 2025 Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Knight Frank makes the City its global headquarters April 8, 2025 Knight Frank, the global asset management and real estate giant, has signed a deal to relocate its global headquarters to the City of London. The business will relocate from its current HQ at London & Regional’s 55 Baker Street in the West End, where it has been since 2008, to One Liverpool Street after penning an [...]
How will the tariff turmoil affect your mortgage? April 7, 2025 The fallout from President Donald Trump’s decision to impose wide-ranging tariffs on the world has left no stock market unscathed, but it’s possible Brits’ mortgages will benefit from the upset. The decision, which placed a minimum tariff of 10 per cent on all countries (including the UK), and higher tariffs on many more, has increased [...]
Birmingham landmark on sale in cut-price deal as value slashed in half March 11, 2025 A landmark office building in Birmingham city centre has been put up for sale for half what it was bought for in 2019. The Lewis Building and its adjoining neighbour Priory Court in Bull Street were acquired by Gulf Islamic Investments for £140m. The investor, which has offices in Dubai and Abu Dhabi, bought the [...]
UK property: Why funds are ditching the direct investing model February 11, 2025 One of the last UK funds that invests directly in property is ditching its investment model in favour of a hybrid plan. The new mixed model will see the £112.6m TIME Commercial Long Income property fund holding a combination of assets directly with some real estate investment trust (REIT) shares. 90 per cent of the [...]
The end of stamp duty relief isn’t the only cost going up for first-time buyers February 11, 2025 First-time buyers (FTBs) are facing higher costs across the board as they grapple with not only high stamp duty fees, but a low stock of affordable houses, more stringent lending requirements and higher upfront costs. First and foremost, stamp duty relief is set to end on March 31, which has driven a significant boost in [...]
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
London terrace conversion brings colour and fun to Victorian flat January 22, 2025 The Hot Property team love nothing more than a London conversion that takes the awkward spaces of a period flat and turns them into something modern and fun. This conversion of a first floor Victorian terrace located within the Cobourg Conservation Area next to Burgess Park in Southwark, manages to accentuate the period details of [...]
Rents in this part of London rose faster than anywhere else in the capital last year January 21, 2025 Shoreditch has claimed the crown as the most in-demand spot in the capital for renting, although the rate of increase still remains below 2022 levels. Rents in the trendy area, known for everything from tech start-ups to vintage clothes shops, climbed by 6.6 per cent per month in 2024. Across London as a whole, the [...]
London house prices rise by just £600 as worst borough revealed January 14, 2025 The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]