House prices fall faster in London as property market stays ‘subdued’ Property House prices in London fell at a faster rate last month, as homeowners in the capital continue to bear the brunt of the property market slowdown caused by the Iran war. The average house price in London fell by 2.2 per cent to £531,548 in the year to September, according to the Lloyds house price [...]
Cut stamp duty to reap £4bn windfall, Berkeley urges Healey Property One of Britain’s biggest housebuilders has urged John Healey to slash stamp duty on newly built homes, in a move which it says would hand the Treasury a £4.2bn windfall. In its Budget submission, London-listed Berkeley Group told the Chancellor that urgent action was needed to prevent the housing market from “sliding over an economic [...]
‘Disastrous’: Average five-year fixed mortgage rate surges to six per cent Banking The average five-year fixed mortgage rate has broken the six per cent mark for the first time in three years after a fresh raft of lenders hiked prices. The typical five-year agreement has hit six per cent, according to Moneyfacts, while the average two-year is a whisker behind at 5.98 per cent. It is the [...]
Office cycle racks face the chop as workers opt for e-bikes October 5, 2026 City developers have hailed the Mayor of London’s plans to water down the amount of bike rack space new offices need to provide, arguing that the shift to e-bikes makes these requirements redundant. The London Property Alliance (LPA), which represents hundreds of developers in the City and central London, has welcomed proposals to cut down [...]
London is running out of development land for sport teams to build stadiums on October 2, 2026 One of London’s greatest assets is its varied and wide-ranging sports scene; six Premier League football clubs, many further down the pyramid; iconic rugby, tennis and cricket grounds; indoor arenas as far as the eye can see. But with success comes a desire to expand and grow. Chelsea are actively assessing options for a new [...]
Winkworth launches board review as family feud rocks London estate agent September 30, 2026 London estate agent Winkworth has launched an independent review of its board as it battles to contain the fallout of a boardroom family feud involving the firm’s its chief executive and his father, the chair. The AIM-listed firm, which is one of the UK’s oldest estate agents and specialises in properties in the City in [...]
Land shortage leaves Nato defence targets at risk, Streeting warned September 29, 2026 The UK risks falling short of Nato defence spending targets unless it immediately slashes planning red tape to address its land shortage, the government has been warned. Demand for defence-related industries and logistics space is set to surge to 32m sq ft by 2033 if the government meets Nato’s defence spending targets. The UK is [...]
Housebuilder shares rocket after Burnham revives Help to Buy September 28, 2026 Housebuilder shares have soared after the Prime Minister announced a new Help to Buy scheme, which it is hoped will boost the UK’s construction sector. FTSE 100 housebuilders Persimmon and Barratt Redrow jumped 15 and 13 per cent in early trading, lifting the blue-chip index to early gains. FTSE 250-listed Vistry took the biggest jump [...]
Ministers back City skyscraper plans after Tower of London row September 24, 2026 Ministers have given the greenlight to plans that will allow skyscrapers to be built in the area surrounding the Tower of London, ruling that proposals set out by the City of London corporation will do enough to protect the site’s Unesco status. Housing minister Matthew Pennycook said on Thursday he will withdraw his objections to [...]
Vistry takes £500m hit as new boss downsizes housebuilder September 24, 2026 Vistry has taken a nearly £500m hit to its value, as the beleaguered housebuilder’s new chief executive sets out drastic plans to downsize the firm to ensure its survival. Adam Daniels, the new boss of the FTSE 250 housebuilder, told shareholders on Thursday that his review into the group revealed that its assets were worth [...]