Bremainers, Cameron aides and Shami Chakrabarti get honours August 4, 2016 Former chancellor George Osborne topped the list of David Cameron’s resignation honours today, while Labour leader Jeremy Corbyn raised eyebrows with his nomination of Labour anti-Semitism report author Shami Chakrabarti. Cameron’s resignation honours rewarded “Bremainers” and many of his inner circle. Osborne has been made a Companion of Honour for political and public service, while former [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year August 3, 2016 Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]
Rent on the finest properties in the Home Counties has fallen due to over-supply August 3, 2016 Prime rents in the Home Counties have been hit by high stock levels, data released today has shown. According to estate agent Knight Frank, rents in high-end properties in the areas fell by 0.6 per cent between April and June and by 0.8 per cent year-on-year. Read more: Here's why parts of London's prime rental market [...]
A group of Saudi, Emirati and British investors have reportedly tabled a $1.3bn bid for the iconic Grosvenor House and Plaza hotels July 26, 2016 One of London's most iconic hotels may be facing new ownership after a consortium of family offices from Saudi Arabia, the United Arab Emirates and the UK have tabled a $1.3bn (£989m) bid to acquire Grosvenor House Hotel and majority stakes in two New York sites. UK family office 3 Associates announced today that it had submitted an [...]
William Hill shows the gaming tables can turn July 26, 2016 It's eat or be eaten in the gaming sector, and 888 and Rank have decided they would rather be predators than prey. Once takeover targets themselves, the two gambling firms have joined forces to consider bidding for William Hill, which is down on its luck. They have pounced with a preliminary approach following last week’s shock [...]
Trying to sell your property? Here’s everything you need to know about the UK’s housing market after the Brexit vote July 22, 2016 Before the EU referendum, politicians were forecasting a housing market crash. We've now had a fair bit of data post-Brexit – here's everything we know so far. The market is slowing down You can't understand the housing market without looking at transaction volumes. While surveys have suggested asking prices have fallen over the past few weeks and [...]
Estate agents, housebuilders and other property shares slide on downbeat house price forecasts July 22, 2016 Property companies were the FTSE's biggest fallers this morning, after a raft of downbeat forecasts surrounding the UK's housing market. Countrywide, the UK's largest estate agent, was one the biggest faller on the FTSE 250 in early trading, with its shares falling 7.2 per cent to 233.7p. However, property portal Zoopla and Crest Nicholson were also both [...]
Homeowners worried house prices are falling – but dip may prove temporary July 22, 2016 Homeowners across the country think the value of their houses fell over the last month for the first time in more than three years. With talk of a slowdown in transactions and pre-referendum warnings about a house price crash, the house price sentiment index (HPSI) compiled by IHS Markit and estate agents Knight Frank, published [...]
Sorry, Prime Minister: Legislation won’t end excess in the boardroom July 19, 2016 A key element of our new Prime Minister’s platform is to curb what she perceives to be boardroom excesses. “It is not anti-business to suggest that big business needs to change”, she said. One of her proposals is to allow employee and worker representatives to sit on company boards, a suggestion which has not gone [...]
Sales of prime central London properties are now lower than they were in 2008 July 19, 2016 Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes. In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008. Read more: Buy to [...]