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Property

  • Average house price rises to £366,000 as tenants look to escape rental crisis

    April 24, 2023

    UK house prices jumped again in March, driven higher by soaring rents pushing tenants to seek out their first home, but further interest rate hikes by the Bank of England could send a chill through the market, new research out today shows. The average price of a property coming to market in Britain hit £366k [...]

  • Leaseholders to gain new rights under FCA insurance reforms

    April 21, 2023

    The Financial Conduct Authority (FCA) has proposed insurance reforms to protect leaseholders from paying extortionate sums for insurance. Under the new plans, leaseholders will be defined as “customers of buildings insurance” and insurance firms will be obliged to act in the leaseholders’ best interests. A leaseholder is someone who has bought the right to live [...]

  • Gove urges Blackrock and other investors to push cladding firms to pay for clean up costs

    April 20, 2023

    Housing Secretary Michael Gove has warned investors that the cladding companies they invest in will face “severe consequences” if the firms don’t come forward to discuss a settlement deal with the government to fix buildings cladded with unsafe materials. In a letter to Blackrock, Vanguard, Fidelity Management and Research and other investors, Gove urged them [...]

  • Sadiq Khan slams private landlords profiteering from shoddy London homes

    April 18, 2023

    The Mayor of London has slammed thousands of private landlords who are pocketing the rent and housing benefits from tenants living in housing riddled with mould and damp, branding it “a scandal”.  The reaction came in response to New City Hall analysis which shows that across the country, landlords are collecting £9bn a year in [...]

  • Short seller hits back after Labour MP suggests Putin links

    April 15, 2023

    Labour MP Liam Byrne (Left) suggested last month that short seller Fraser Perring had ties to the Kremlin.

  • Home REIT: Scandal-stricken firm extends ‘put up or shut up’ deadline for takeover

    April 13, 2023

    Scandal-stricken social housing investor Home REIT has further delayed a ‘put up or shut up’ deadline for a takeover today as it mulls a bid from potential suitor Bluestar.

  • Liverpool Street redevelopment: Project secures support of key London business body

    April 12, 2023

    A key business body has shown its support for the £1.5bn redevelopment of Liverpool Station as it calls for greater measures to streamline access to London’s financial hub.  The City of London Chamber of Commerce said this morning that it has decided to back the  redevelopment of Liverpool Street Station, which could potentially see new [...]

  • London flat sales beat pre-pandemic levels as property market stabilises

    April 12, 2023

    Sales of London flats are up nearly 25 per cent on pre-pandemic levels, according to new data, in a sign that the City’s property market is starting stabilise. In March, flat sales in London were 23 per cent higher than in March 2019 – the first time monthly sales have been higher than in 2019 [...]

  • Prime London property rent soars as super rich snap up luxury pads

    April 7, 2023

    The super rich in the capital are forking out an extra 1.4 per cent to rent in prime London areas, signalling a continued demand for luxury spaces in the capital.  According to data by estate agent Savills, over the past three months, London’s wealthiest tenants are also on the hunt for smaller spaces to rent [...]

  • London house prices: Price of a home in the capital will set average buyer back by over £537k

    April 6, 2023

    London house prices continued their upward climb with the average price of a home in the capital £537,250 in March. Halifax’s house price index found that Greater London alongside the North East, were the only areas of the country that did not experience a slowdown in the rate of annual house price inflation.  As the [...]

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