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Property

  • Private investors gear up for £2.4bn London office spending spree

    Property

    Private investors and ultra-high net worth individuals are expected to snap up London office assets worth £2.4bn this year, a figure which has jumped by 60 per cent in the past 12 months.  According to research published by real estate agency Knight Frank, the cash rich investment group is expected to be in a strong [...]

  • Tate Modern privacy ruling could see City restaurants and museums hit with more nuisance claims, lawyers warn

    Property

    City restaurants, museums and art galleries could be hit with more nuisance claims, lawyers have warned, after the Supreme Court ruled today that the Tate Museum’s viewing terrace intruded on the privacy of residents in a glass building right next to the gallery.  Five residents of the Neo Bankside development on the South Bank took [...]

  • Natwest calls for stamp duty rebate to fund green home improvements

    HOUSING

    The government should offer a rebate on stamp duty to fund energy efficiency plans for new homeowners, argues Natwest.

  • Flat owners win Supreme Court privacy case over Tate Modern viewing platform

    February 1, 2023

    The owners of four flats overlooked by the Tate Modern in London have won a Supreme Court privacy bid over the use of the gallery’s viewing platform. Residents of the Neo Bankside development on the capital’s South Bank took legal action against the gallery’s board of trustees in a bid to stop “hundreds of thousands [...]

  • ‘Fizz has left the market’: House prices fell by 0.6 per cent in January as average property value plummets

    February 1, 2023

    The average UK house price fell by 0.6 per cent  in January, according to Nationwide Building Society. Annual house price growth slowed to 1.1 per cent , from 2.8 per cent  in December, and the typical property value is now 3.2 per cent  lower than its August peak, the lender said. The average UK house [...]

  • A tumble in mortgage approvals could be followed by a fall in house prices, analysts believe

    January 31, 2023

    Mortgage approvals have plummeted to their lowest since the credit crunch after the global financial crisis in 2008, excluding the pandemic when the housing market was shut down, in a sign house prices could fall sharply soon, according to official data. The number of loans to Brits to fund a home purchase dropped more than [...]

  • Persimmon and Barratt to sign Gove’s cladding contract as others stall for time

    January 30, 2023

    A handful of developers plan to sign the government contract to fix buildings affected by cladding and other fire risks in the coming weeks. Levelling up secretary Michael Gove gave developers a six-week deadline to commit to more than £2bn of repairs to fix the issues in buildings taller than 11 metres. This comes on [...]

  • Covent Garden owner Capco reports strong rental demand as West End gears up for its £3.5bn merger with Shaftesbury

    January 30, 2023

    Trading conditions across the Covent Garden estate have been positive, in particular a successful Christmas trading period with like-for-like customer sales in aggregate exceeding pre-pandemic levels. Ian Hawksworth, chief executive of Covent Garden estate owner Capco, said: “There is continued momentum at Covent Garden with robust trading conditions, in particular a successful Christmas period,” said [...]

  • Later life lending: Livemore secures £250m from Citi as it aims to hit £1bn in mortgage lending

    January 30, 2023

    Livemore, a later life mortgage specialist, has secured a credit facility of up to £250m from Wall Street lender Citi as it seeks to hit £1bn in mortgage lending. “We are thrilled to receive this credit facility from Citi, which will support our growth and expanded product offering, so we can continue to serve the [...]

  • House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand

    January 30, 2023

    The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]

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