Heathrow faces £16bn “gaping hole” to upgrade road and rail links to the airport if third runway gets approval April 24, 2016 Heathrow Airport would face a black hole in excess of £16bn to pay for enhancements to road and rail links to the airport should the third runway be given the green light, Transport for London (TfL) has warned. The total cost for the upgrades would stand at £18.4bn, TfL said, far more than the £2.2bn Heathrow estimated. [...]
New homes on sale this weekend, including the former BBC Television Centre in White City April 22, 2016 Television Centre, White City From £700,000 The former home of the BBC forms the centrepiece of the regeneration of White City, which will see 5,000 new homes built in total. The first batch of homes will go on sale from 23 April at 11am in the Television Centre Pavilion. The first phase will consist of [...]
Property of the Week: This novel loft conversion doubled the living space at 28 Nottingham Place in Marylebone April 22, 2016 You’ve heard of wealthy homeowners digging down into their basements, but have you ever seen them build up? The owners of the fourth floor apartment at 28 Nottingham Place, a period building in the heart of Marylebone, have decided to do just that and increase their living space from 680sqft to 1,219sqft at the drop [...]
Londoners: Stop whinging about astronomical rents. It’s so much worse in these other cities April 22, 2016 Renters in London probably think they have good reason to feel hard done by. House prices seem to be going one-way, while wages just aren't keeping up. Map: How much you need to earn to live in every London postcode But a new report, out today, from the Global Cities Business Alliance, shows that Londoners [...]
London mayoral election 2016: Labour’s Sadiq Khan is running away with it as he leads Zac Goldsmith by 20 points April 22, 2016 Labour's Sadiq Khan has extended his lead over Zac Goldsmith with just two weeks to go until the London mayoral election. A new poll, which reflects how Londoners will actually vote, shows Khan stretched his lead over Goldsmith to 20 points. Khan has increased his lead over Goldsmith, his closest rival, after distributing second preferences, according [...]
Competition warnings over OnTheMarket were pretty much inevitable April 22, 2016 Anyone with even a passing interest in technology and its history could have predicted this one: just as the Luddites were eventually overwhelmed by power looms, online property portal OnTheMarket was destined to stumble. And lo, yesterday it came to pass: the Competition and Markets Authority (CMA) effectively took a sledgehammer to the site’s business [...]
YouGov poll: Give us better transport links and we’ll move further out, commuters say April 21, 2016 More than half (55 per cent) of commuters would consider moving further away from their place of work if transport links were better according to a poll by YouGov. When asked about the most important factors for choosing where to live 38 per cent said quality of life, 19 per cent said proximity to family and [...]
No way in for the Inns: Barristers rise up against Cycle Superhighway street closure, saying it would put revenues from Hollywood film companies at risk April 20, 2016 Another day another planning battle – this time between the City of London Corporation and the Inns of Court. The Inns' top barristers and residents are on a war path after the one of the Corporation's sub-committee voted to shut down one of the main roads leading into their buildings to traffic – a move they claim will "create a [...]
Mount Anvil profits hit new record high as residential developer targets 1,000 new homes April 20, 2016 London property developer Mount Anvil posted a 25 per cent jump in pre-tax profits to reach a new record of £25m last year, after partnering with other developers to deliver nearly 500 new homes across the capital. The private company, which is redeveloping Keybridge tower in Vauxhall as well as Dollar Bay in the Isle of Dogs, said [...]
Rents are rising faster in London skyscrapers than in any other global city April 20, 2016 We already knew rental prices for London office space was pretty high – but it turns out that the higher up your office is, the faster your rents are rising. Figures from Knight Frank suggest rents in London's skyscrapers – including the Shard, the Cheesegrater and the Walkie Talkie – rose 9.7 per cent in the [...]