Capital & Regional given the go-ahead for Walthamstow redevelopment August 28, 2018 Shopping centres owner Capital & Regional has been given the green light for a major mall development in Walthamstow today. The newly-approved plans to transform Walthamstow’s town centre includes more than 86,000 square feet (sq ft) of extended space that is set to be added to the area’s current site. According to Capital & Regional, [...]
Stamp duty keeps pensioners sitting tight as housebuilding giant calls for tax exemption August 28, 2018 More than a fifth of pensioners would consider moving house if stamp duty was abolished, according to new research which suggests the property tax is hampering housing market activity. In a YouGov poll out today, 22 per cent of adults over 65 said they would be more likely to move if there was a stamp [...]
The Zone Two slump: Prime property prices tumble in London’s fringes August 28, 2018 Expensive homes on the outskirts of central London have suffered significant price drops over the last 12 months, as buyers and sellers decide to stay put amid growing political uncertainty. House prices for prime properties in Zone Two areas such as Fulham and Putney have tumbled 5.3 per cent and 3.9 per cent respectively in the [...]
Countrywide rescue bid approved as share price slides lower August 28, 2018 Shares in Countrywide plunged more than seven per cent this morning, as the flagging estate agent received the green light for an emergency £140m shareholder cash-call. Countrywide led the market’s fallers in early morning trading, with shares dropping to 13.96p, having fallen dramatically from their 130p value one year ago. Read more: Rising cost pressures [...]
Takeover battle heats up as Pebblebrook offer tempts LaSalle August 27, 2018 The takeover battle for LaSalle Hotel Properties took another turn today, as the luxury-hotel owner suggested it may reconsider a bid from Pebblebrook several months after agreeing to an acquisition from Blackstone. LaSalle said that an unsolicited bid from Pebblebrook Hotel Trust could lead to a "superior proposal", throwing the firm’s accepted takeover offer from Blackstone [...]
Thames river bus buoyed by rising tide of London commuters August 27, 2018 Commuting by boat in London hits a major milestone this week with the capital’s river bus service set to carry its 40 millionth passenger. The landmark figure comes at the end of a bumper summer for MBNA Thames Clippers, in which a combination of hot weather and growing waterside property development has increased passenger numbers [...]
Relocation, relocation, relocation: Cheaper houses lure record number of Londoners north August 27, 2018 The rate at which Londoners are quitting the capital’s housing market to relocate up north has more than tripled in the last decade, according to research from estate agent Hamptons International. Around 21 per cent of Londoners who left the capital in the first six months of the year moved to the Midlands and north [...]
Yopa raises £20m as boss hails ‘disruption’ to traditional high street agencies August 27, 2018 One of the UK’s fastest growing estate agencies has secured £20m in new funding today, underlining the threats that traditional brands face as new online rivals look to expand. Hybrid estate agency Yopa has now raised more than £70m since its launch in early 2016, with the latest cash injections coming from the Daily Mail’s venture [...]
Mortgage approvals drop as housing activity slump shows little sign of picking up August 24, 2018 Mortgage lending dipped in July, despite an uptick in homeowners seeking cheaper interest rates ahead of the Bank of England rate rise earlier this month. Approvals for mortgages fell 4.3 per cent year-on-year in July, having risen to a nine-month high in June, in a fresh sign that housing activity in the UK's property market [...]
Looming US sanctions on Iran push oil prices higher August 24, 2018 Oil prices climbed this morning amid fears that incoming US sanctions on Iran are likely to reduce crude volumes significantly. Brent crude oil futures were at $75.19 (£58.59) per barrel earlier today, rising 0.6 per cent from their last close, while US West Texas Intermediate (WTI) crude futures were up 0.7 per cent. Brent is [...]
