Richard Desmond puts £1bn Westferry development up for sale July 3, 2026 A £1bn residential development on the doorstep of London’s financial district has been put up for sale by its billionaire owner, City AM can reveal, in the latest twist in a long-running saga over the future of the project. The Westferry Printworks, which is owned by former newspaper baron Richard Desmond and promises to deliver [...]
PwC joins the Canary Wharf crowd in major property shake-up July 2, 2026 Big Four giant PwC has picked Canary Wharf for its new UK office, and is set to swallow up 350,000 sq ft in the area in the latest boost to the docklands financial hub. The firm has chosen One Eden in Canary Wharf to be its new office address, a building formerly known as 33 Canada [...]
Olympia developer: Britain’s planning system doesn’t reward delivery July 2, 2026 Property hotshot John Hitchcox tells us about his career, from doing up flats in his 20s to leading the £1.3bn regeneration of Olympia London.
‘It’s gone’: How a social housing scheme left amateur investors tens of millions out of pocket July 1, 2026 A social housing investment scheme that promised amateur investors huge returns with no risk has collapsed into administration owing its backers nearly £27m, City AM has learned. Alderley Group, which invested in affordable housing projects across the North West of England, has left around 1000 investors out of pocket after claiming it could guarantee returns [...]
Winners and losers: Billionaires boom but Brits suffer largest fall in wealth since pandemic July 1, 2026 The artificial intelligence boom fuelled a 13 per cent surge in global billionaire wealth last year, according to a fresh study which also found the UK has suffered the biggest fall in overall wealth levels of any developed nation since the pandemic. According to the UBS temperature check of high-net-worth individuals, nearly 400 billionaires were [...]
London councils won’t be able to sue their way to more homes being built June 25, 2026 Last week I asked the chief executive of one of the country’s largest housing developers to sum up the state of housebuilding in London, and the answer was “dire.” If I’d allowed two words I suspect one of them would have been unprintable. The situation is so disastrous that Sadiq Khan was forced to lower [...]
Wimbledon property market drops ball ahead of Grand Slam June 25, 2026 Wimbledon’s property market has suffered an unforced error ahead of next month’s Grand Slam, as house prices slip in spite of the world-renowned tournament. Home to the world’s most prestigious tennis tournament, prices in the south-west suburb have fallen by almost 12 per cent over the last year, according to research conducted by independent estate [...]
Berkeley warns of London housing slowdown in call for ‘political leadership’ from Burnham June 24, 2026 Berkeley has called for “strong political leadership” on housebuilding from potential Prime Minister Andy Burnham as it warned that London is on course to miss its housing targets. The capital’s biggest housebuilder issued a swathe of demands to policymakers, warning that there is “no prospect of material improvement” on housebuilding “without more decisive intervention” from [...]
House prices jump as property market ‘treads water in rough conditions’ June 17, 2026 House prices jumped by 0.7 per cent in April, in signs that the property market is “trading water in rough conditions” as the Iran war spikes mortgage rates. The average UK house price rose to £270,000 from March to April, marking 3.8 per cent year-on-year growth, according to new government statistics. But property experts have [...]
House price slump blamed on World Cup and heatwave June 15, 2026 House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]