Focus On Streatham: Where house price growth is nearly 9 per cent year-on-year, twice the London average September 4, 2017 If you have an SW postcode, think of yourself as one of the lucky ones. The average home in south west London now costs over £1m and it’s long been home to some of the most expensive streets in the country. But there is a way to live in an SW postcode without being a [...]
Quarto turns the page as talks with mystery buyer end August 16, 2017 Shares in book publisher Quarto closed down 18 per cent today, after a brief flirtation with a mystery potential buyer came to an abrupt end. Just last week, the London-listed company announced that it was in talks with an unnamed potential bidder following an unsolicited approach. But this morning it said that discussions had been [...]
London house prices: Mayor of London Sadiq Khan invests £25m in Pocket Living to build homes for first-time buyers August 15, 2017 Mayor of London Sadiq Khan is investing £25m into Pocket Living, a developer which uses modular construction to build affordable homes. The investment will help Pocket create 1,059 new one- and two-bed flats for first-time buyers. It sells its homes at 20 per cent below the market rate to first-time buyers living in the borough. [...]
Housebuilders have become hooked on the government’s help to buy scheme August 7, 2017 Have we witnessed the beginning of the end of help to buy? Shares in UK housebuilders plummeted at the end of last week after reports suggested the government has asked the London School of Economics (LSE) to review the scheme’s efficacy. It is arguable the scheme, whose first iteration was launched in April 2013, is [...]
Focus On Brixton: David Bowie, buzzing nightlife and honest burgers keep average house prices at around £550,000 July 27, 2017 In many ways, Brixton is the capital of south London. With its excellent transport links into central London and exhaustive range of shopping, dining and nightlife options, if you didn’t have to work, you probably wouldn’t need to leave. It even has its own currency. Over 250 businesses accept the Brixton Pound and around £50,000 [...]
Property of the Week: This four-storey penthouse next door to Tower Bridge is on sale for the first time in 35 years July 27, 2017 There are penthouses with views and then there’s the High Command. This highly unusual Grade II Listed property in Shad Thames is so close to Tower Bridge that it’s practically within touching distance when you’re having a cup of tea on one of its many terraces. High Command, Shad Thames, £9.5m This is the first [...]
Business which treat GDPR as a burden will get left behind July 24, 2017 Modern life is lived online. Whereas ten years ago we may have had a MySpace profile here, an MSN chat account there, today our digital world is an all-encompassing extension of our physical lives. The Internet is home to some of our most sensitive data, from the state of our bodies to the political thoughts [...]
No let-up in falling London house prices, says Royal Institution of Chartered Surveyors (RICS) July 13, 2017 There has been “no real easing” in the pace of decline of London house prices, a survey has suggested, with 45 per cent of chartered surveyors in the capital saying they observed a fall in prices in the past three months. The Royal Institution of Chartered Surveyors (RICS) said stamp duty, Brexit and the political [...]
American investment in London property is at an all time high due to the fall in sterling. But what are they buying and where? July 7, 2017 Earlier this week, US citizens all over the world were celebrating Independence Day, yet for the first time in a long time, many of them had one eye on the fireworks and another across the Atlantic on the bargains to be had back in the Old Country. Following the fall in the pound due to [...]
High London house prices are not a bubble waiting to burst July 5, 2017 History is replete with examples of financial bubbles, from Dutch ‘Tulipmania’ in the 1630s and the South Sea bubble of 1720, through to the Wall Street Crash of 1929 and the dot com boom and bust at the turn of the twentieth century. Could London house prices be the next big bubble to burst? To [...]