Starmer caps ground rents after fears of Rayner-led rebellion Politics Sir Keir Starmer has introduced a cap on ground rents following fears of an MP rebellion led by the former deputy Prime Minister Angela Rayner. The Prime Minister announced the new move – which will cap ground rents at £250 a year for leaseholders in England and Wales – on TikTok, saying it will “make [...]
Mid-week office working back to pre-pandemic levels, says British Land Property Property giant British Land has said that mid-week occupancy in central London offices has returned to its pre-pandemic level, more than five years after the start of the work-from-home mandate. It said that lack of high-quality office space has contributed to record rents in the sector. “Return to the office is in full swing… the [...]
Rents near Elizabeth line stations rocket up a third since opening Property Rents for homes near recently-added Elizabeth line stations have shot up by more than a third since 2022 as the housing crisis in the capital continues to intensify. In some locations, prices have risen by more than 70 per cent as demand for well-connected properties soars, according to lettings software firm Goodlord. This rise outstrips [...]
Will the government’s £2bn affordable housing top-up make a difference? March 25, 2025 The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
Segro: Data centre demand fuels growth at warehousing giant February 14, 2025 Warehousing giant Segro has reported a double-digit jump in profit driven by demand for data centres and improving investment market conditions. Shares were flat in early trades. Adjusted profit before tax at the FTSE-100 real estate investment trust (REIT) grew 14.9 per cent in the year ended December 31 to £470m. Adjusted earnings per share rose 5.5 per [...]
Foxtons: Share price soars after London estate agent outperforms market January 28, 2025 London estate agents Foxtons has reported double digit growth driven by market share gains in both sales and lettings. Revenue in the year ended December 2024 grew 11 per cent to £163m, from £147.1m in 2023, while adjusted operating profit grew 33 per cent to £19m, from £14.3m in 2023. Its share price rose nearly [...]
The UK’s housing crisis is creating a generation of broke retirees January 24, 2025 The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasingly hard to save up for and mortgages increasingly burdensome, few people will be free of housing costs by 2050, unless something changes. A [...]