The average price for a detached family home in London has hit £1m October 11, 2016 The average price for a detached family home in London has hit £1m. According to research by Hamptons International, families looking for a detached home in London now pay an average £1,028,376, up from £963,510 last year – an annual price increase of 6.7 per cent. The disparity between the price of detached family properties [...]
Knight Frank’s chairman calls for a reversal of changes to stamp duty tax October 10, 2016 Chairman of the estate agents Knight Frank has called on the UK government to reverse changes to stamp duty taxes. Former Chancellor George Osborne increased the rate of stamp duty of second homes, a change that came into effect at the beginning of April, leading many buy to let landlords to flee the property market. [...]
Knight Frank reports 20 per cent drop in exchanges since the EU referendum October 10, 2016 Estate agent Knight Frank said today it experienced a 20 per cent fall in the number of exchanges on its high-end UK houses since the EU referendum. In its results for the year, Knight Frank reported profit before tax fell by 4.7 per cent, from £160.1m last year to £152.6m this year. Turnover increased four per cent [...]
These are the 10 most and least affordable London boroughs for buyers on an average annual wage October 8, 2016 London may have fallen out of the UK's top three regions for house price growth, but gaining a foothold on the capital's property ladder is still out of the range of many first-time buyers – and is unlikely to change anytime soon. The average London house price is 14 times higher than the average annual wage [...]
Focus On Earl’s Court: Around 7,500 new homes and a brand new high street coming to west London by 2033 October 7, 2016 Best known for its (closed) Exhibition Centre, Earl’s Court is not the sort of place you’d expect to attract million-pound investment. But it’s currently undergoing its biggest upheaval in over a century and this west London outpost is set to be a very different place in a couple of decades. The last huge change in [...]
City Moves for 7 October 2016 | Who’s switching jobs October 7, 2016 McCann Worldgroup McCann Worldgroup has appointed Samantha Giles as EVP, global business leader on the agency’s global Nestle business. She joins from Ogilvy & Mather where she has been worldwide managing partner. Giles, who will remain based in London, will succeed Julian Ingram who has headed the Nestle business for the past two years, extending [...]
House prices in Chelsea have fallen by 10 per cent this year October 6, 2016 House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
City Moves for 4 October 2016 | Who’s switching jobs October 4, 2016 Edison Edison, an investor relations and investment research company, has hired Elliott Berstock to the role of account manager in the investor relations team. Elliott brings to Edison more than 10 years’ capital markets experience in the investment industry, joining from Capital Access Group, where he held the positions of associate director of investor relations and [...]
The Free State of Jones review: This overly long and indecisive war flick goes nowhere and amounts to little September 30, 2016 Matthew McConaughey’s Free State of Jones was one of the surprise disappointments of the summer over in the US. The Oscar winner plays Newton Knight, a disillusioned Confederate soldier in the American Civil War who returns home and rebels against his former comrades, creating a “Free State”. Coming in at a two hours and 20 [...]
Britain’s most expensive streets revealed: Zoopla unveils rich list of top 10 priciest neighbourhoods in London September 30, 2016 The UK's top 10 most expensive neighbourhoods are all still in London and they're all still eye-poppingly pricey – but they are getting cheaper. Well, some of them. Top of Zoopla's property rich list is Kensington Palace Gardens, W8, where the average property will set you back £38.3m, followed by The Boltons in SW10, where a [...]