House prices in Chelsea fell by nearly nine per cent last month September 8, 2016 Prices on high-end homes in Chelsea fell by nearly nine per cent last month as stamp duty and the Brexit vote weighed on the market. According to research by estate agents Knight Frank, house prices in Chelsea dropped by 8.9 per cent year-on-year in August. Overall, prices for prime central London homes fell by 1.8 per [...]
Best market for prime central London renters since the financial crisis September 8, 2016 Renters in prime central London locations, such as Marylebone and Mayfair, are enjoying the best market since the financial crisis. The number of new rental properties on the market in the three months to July 2016 increased 38.9 per cent year-on-year, according to Knight Frank's prime central London rental index. Read more: Prime central London house prices [...]
Back to school: From Postcapitalism to The Silk Roads, these are the business books you need to read this year September 1, 2016 Schools are returning and the City is beginning to wake up after the summer – but have you finished your holiday reading list? Whether you're returning from a summer break or just quickly boning up before school starts, here are the five business books you should have read this summer: 1. Shoe Dog: A Memoir by the Creator [...]
City Moves for 1 September 2016 | Who’s switching jobs September 1, 2016 Knight Frank Knight Frank residential development has appointed Tom Hawkins as partner in its new homes team. Tom joins the firm from Hamptons International, where he worked for 10 years and latterly ran the new homes sales team. Tom previously led the sales of Portobello Square, W10, Aberfeldy Village, E14, and Rathbone Market, E16 – the [...]
These are London’s best postcodes for quality of life August 31, 2016 If you're looking for a better quality of life, look no further than SE1, according to new research, which suggests Bermondsey is the capital's most desirable postcode. According to the research, by Banda Property, Bermondsey is top of the postcode pops because of its "elusive London village feel". Read more: House price growth is driving [...]
Anchor butter and Cravendale owner grows earnings despite difficult market conditions August 26, 2016 One of the dairy companies at the centre of Britain's milk crisis reported profit growth and reasserted its desire to increase the milk price paid to farmers. Danish-headquartered Arla announced revenues of €4.9bn (£4.0bn) for the first half of 2016. Although this was down from €5.1bn in 2015, gross margins were sustained at €1.2bn and earnings were [...]
Game over? Shares plunge at Gamestop as quarter’s releases fail to impress shoppers August 25, 2016 Shares in Gamestop have dropped dramatically in after-hours trading, after the company revealed the recent lack of big name titles had done little to entice customers. The games retailer reported net sales had fallen to $1.6bn (£1.2bn) for its second quarter, down 7.4 per cent from $1.8bn in the same period the year before, while same store [...]
Edinburgh should stay the top UK location for commercial property investment outside London post-Brexit August 23, 2016 It’s fair to say we live in interesting times post-Brexit. The only tangible outcome of the United Kingdom’s EU referendum on 23 June has been uncertainty so far. But while many across corporate Britain wait for greater clarity, property deals continue to be made – with investors showing a clear preference for traditionally strong, robust [...]
Prices on high-end central London properties are expected to fall by six per cent this year August 22, 2016 The price of high-end homes in the centre of London is expected to fall by six per cent this year. According to estate agency Countrywide, prime central London property will be "the hardest hit" in the months after the EU referendum. In the market as a whole, house prices will fall by one per cent next [...]
Rich Europeans exit prime central London homes August 19, 2016 International tenants are falling out of love with prime central London homes. According to data from Hamptons International, the number of tenants in the centre of London has been falling steadily since May 2013, dropping by eight per cent between then and May this year. Fionnuala Earley, research director at Hamptons International, said the rental [...]