The 19 UK towns most at risk of a house price bubble: Cleveland, Blackburn and Blackpool come top October 12, 2017 UK house prices may still be rising, but with the Bank of England on the brink of hiking interest rates, the market may be about to change trajectory. Now, by comparing lending levels with house price rises, new research has listed the UK towns and cities most at risk if lending conditions change. Mortgage broker [...]
Here’s how much it’ll cost you to buy a single square foot in London October 6, 2017 The average London home now costs just under £500 per sq ft, according to new data – a rise of more than 50 per cent in five years. The figures by Zoopla suggest the average London home now sets buyers back £496 per sq ft, up from £321 in 2012. Newham, which includes Stratford, was [...]
The City of London has elected its 690th Lord Mayor September 29, 2017 The City of London has elected its 690th Lord Mayor – a former PwC partner who will represent the City's interests during one of the most unsettled periods in its history. Charles Bowman, formerly a non-executive director of PwC's tax practice and the man who set up its audit and assurance practice looking after its [...]
£1bn Northern Line extension under threat as TfL fails to reach a deal with Battersea developers September 28, 2017 A critical part of Transport for London's (TfL) £1bn extension to the Northern Line may remain mothballed until it can resolve a dispute over financing with Battersea Power Station's developers, one of its chiefs said today. Stuart Harvey, TfL's major projects director, told the London Assembly's budget and performance committee that keeping Battersea Station closed [...]
It’s official: A £90m Knightsbridge flat is the most expensive home on record August 31, 2017 The £90m purchase of an apartment in Knightsbridge is the most expensive residential property transaction ever recorded by the Land Registry, it turns out. Capital FM owner Ashley Tabor bought the massive four-bedroom penthouse flat at 199 Knightsbridge in April this year, with plans to knock it through into the apartment he owns next door [...]
The Walkie Talkie has been sold for £1.3bn to a herbal medicine maker July 27, 2017 One of London's most iconic buildings has been sold for just shy of £1.3bn – to a Hong Kong-based herbal medicine maker. Land Securities said today its joint venture with Canary Wharf Group had sold the Walkie Talkie, known officially as 20 Fenchurch Street, to LKK Health Products Group for £1.28bn. Canary Wharf put its [...]
Profits at Foxtons have fallen 64 per cent July 27, 2017 Will there ever be a let-up for Foxtons? Shares in the troubled estate agent fell in early trading after it admitted profits had dived in the first half. The figures Pre-tax profits fell 64 per cent in the six months to the end of June, the London-focused estate agent said today, from £10.5m last year [...]
The number of people moving out of London has risen 80 per cent in five years July 24, 2017 The number of people leaving London has jumped more than 80 per cent in the past five years, with more than 93,000 people departing the capital last year, figures have suggested. Research by Savills shows the exodus is being led by those in their 30s, with the number of those between the ages of 30 [...]
Six charts showing what the Brexit vote has done to UK house prices July 18, 2017 When the result of the EU referendum came in, the housebuilding sector was one of the FTSE's hardest-hit groups, as investors panicked about what would become of the UK's housing market. A year on, and analysis by PwC suggests things haven't been quite as bad as expected: house prices will grow at an average rate [...]
Lloyds has unveiled a massive shake-up of its top team July 5, 2017 Lloyds Banking Group has revealed how it is preparing itself for its new strategic plan: a huge shake-up of its top team, which includes the departures of two of its senior executives. In a statement today the lender said Andrew Bester, the group director of its commercial banking team, and Simon Davies, its chief people, [...]
