London property prices: More million-pound properties have been sold in London this year than ever before October 31, 2014 London house prices might be cooling, but things are certainly hotting up at the premium end of the market. Sales of properties costing more than £1m have reached record levels in the UK with 6,143 houses sold in the first half of the year- 70 per cent of which were in London. That’s nearly 2,000 [...]
Can London build enough homes for 9m people? And where should the new houses be built? October 30, 2014 As our population has increased, housebuilding has become a major political issue. There’s now a consensus that the capital needs to get building to accommodate a population that’s expected to grow by 920,000 by 2024. But it’s not an impossible task, according to residential and commercial estate agent Stirling Ackroyd, who released their [...]
Why British homeowners are mad about mews October 20, 2014 It’s a common complaint that all the best properties in London are being bought up by foreign, cash-rich investors, looking to tie their money up in our constantly expanding property market. But there is one section of the market that, until now, has remained largely untapped by foreign investment, a last bastion of British buyers: [...]
Amazon debuts same-day pick up service at 500 newsagents, corner shops and London Tube stations October 14, 2014 Online retail giant Amazon will this morning announce a same-day pick-up service in partnership with Connect Group’s newspaper and magazine distribution arm, Smiths News. The service will let customers order goods from Amazon as late as 11.45am for collection at one of 500 newsagents or corner stores from 4pm later that day. “This is our [...]
British Land sells just 18 flats for total of £210m September 22, 2014 PROPERTY developer British Land has sold some of the most expensive London property ever, with 18 apartments in Mayfair going for £210m. Four of the flats sold for over £5,000 per sq ft, a record for Mayfair’s property market. The so-called “super-prime” property, Clarges Mayfair, was acquired by British Land for £129.6m in 2012 and [...]
Galliford Try chief executive Greg Fitzgerald steps down as profits rise 28 per cent September 16, 2014 Housebuilder Galliford Try said this morning its chief executive of almost 10 years, Greg Fitzgerald, will step down by the end of 2015 – just as it reported a 28 per cent increase in pre-tax profits. The figure rose to £95.2m for the year to 30 June, while group revenue was up 21 per cent to [...]
Living in luxury in London… as a student? September 5, 2014 Students deserve better and they’re willing to pay for it. At least, this is what some of the country’s leading estate agents and developers are starting to realise, and they’re happy to oblige with a range of quality alternatives to traditional student digs. Gone are the days when students were expected to put up with [...]
Focus On… The City: residential is finally taking off in the Square Mile September 5, 2014 When it comes to residential developments, the Square Mile has a bit of an image problem. The ancient financial heart of the City of London has been abuzz with business for 1,000 years and it’s still graced by some of the capital’s most impressive architecture. Around 370,000 people go there to work every day, but [...]
City closes in on prime West End property values August 31, 2014 HOUSE values in the City of London are catching up with the West End, while Dockland prices are suffering because of oversupply, research shows. Analysis from high-end real estate agent Beauchamp Estates reveals the average price of new or second-hand properties in the City has climbed to £739,546 for the last 12 months, compared to [...]
TK Maxx could be coming to another high street near you following above-expectations growth August 27, 2014 TK Maxx parent company TJX Europe is looking to expand further in the UK and Ireland, after reporting above-expectations second quarter growth. European like-for-likes rose 6 per cent during the three months to 2 August, while adjusted net sales rose 13 per cent year-on-year to $875m (£527m). Globally TJX reported a 7% increase of [...]