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Property

  • Michael Gove: Four more firms signed up to Grenfell safety contracts after being named and shamed

    progress

    Michael Gove said four more companies have signed up to post-Grenfell building safety contracts after he named and shamed some of the firms earlier this month that had not signed up to the agreement.  The Communities Secretary had given companies until March 13 to sign up to the agreement aimed at addressing cladding issues following [...]

  • Exclusive: Home REIT investors draw up plans for ‘landlord of last resort’ as tenants collapse

    HOme REIT

    Investors in beleaguered social housing investor Home REIT are drawing up plans for a ‘landlord of last resort’ as the firm’s cash dries up and its tenant base collapses, City A.M. has learned.

  • London renters forking out ‘unseasonable’ £570 a week as supply of homes dwindles

    London rent

    London rent prices have shown no sign of cooling in February, with renters in the capital now forking out up to £570 per week on affordable accommodation costs.  According to figures by letting agent Foxtons, a limited pool of supply and challenging economic outlook has forced rent prices up five per cent in the capital [...]

  • Vistry: Shares rise on positive outlook despite falling profit from ‘exceptional expenses’ on Grenfell fire safety changes

    March 22, 2023

    Vistry’s shares rose this morning despite a fall in profit as the company set out a positive outlook for the coming year. The Kent-based housebuilder’s pretax profit fell to £247.5m from £319.5m the year before, a fall of 23 per cent. It set aside cash to make buildings fire safe in the wake of the [...]

  • New 32-storey building to tower over iconic Leadenhall Market and showcase City of London’s Roman past

    March 21, 2023

    Plans to build a 32-storey tower over the City’s iconic Leadenhall Market have been given the green light by city planners.  The City of London Corporation’s planning applications sub-committee approved plans this week for the new tower that will house 27,000 sq m of new office space and will look to boost the Square Mile’s [...]

  • Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent

    March 21, 2023

    UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market.  Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]

  • London house price growth slows, but you’ll still need over £1m to live in Camden, Kensington or Westminster

    March 20, 2023

    The price of the average London home stood at £680,806, according to online estate agent Rightmove, which found that house prices in the capital rose 2.5 per cent compared to three per cent in Britain as a whole in the last 12 months. When looked at borough-by-borough, property prices fared differently. So while Camden residents [...]

  • Luxury Lodges: Why invest in the UK’s finest holiday homes

    March 20, 2023  |  Sponsored

    The City has many charms – from the camaraderie of your colleagues to the historic restaurants and architecture. But creating a home away from home, away from the hustle and bustle of the Square Mile, can give you a peaceful bolthole whenever you need it without the hassle of finding a villa or gambling on [...]

  • Looking for a property investment that combines city living with green space? CityGreens might be the perfect choice

    March 20, 2023  |  Sponsored

    Now more than ever, finding a property investment opportunity in the best location and with the strongest prospects for future growth is crucial. While some investors prefer to go it alone, working with a property investment consultancy that stays one step ahead of the market and can guide you towards the optimum opportunity for your [...]

  • Crash? What crash? House prices defy gravity though London lags slightly

    March 20, 2023

    House prices continues to defy expectations with a steady recovery this month that has seen the average property coming onto the market increase by £3,000. Asking prices for new sellers do still remain £5,800 below their peak in October 2022. London’s average asking price fell by 0.1 per cent in March, leaving the average price [...]

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