London rents at record high as market hits ‘affordability ceiling’ January 26, 2024 The average price of rent in London has hit a record high of £2,631 per month, and is forecast to grow by three per cent more this year, a new report has found, but the market may hit an “affordability ceiling”. A study by property portal Rightmove said that this is just four pounds higher [...]
Revealed: The impact Gary Neville’s £400m landmark Manchester development is having January 25, 2024 Gary Neville's £400m landmark development dominated a city's office market in 2023, in the same way it will soon do with its skyline.
Higher-for-longer London rents and bumped-up property prices leaves Foxtons optimistic for 2024 January 25, 2024 Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m, for the full year.
The Notebook: Retirement villages are becoming the norm – at least, overseas January 25, 2024 The notebook is a place where business’ movers and shakers say their piece – and today, it’s Nick Sanderson, chief executive of retirement village developers Audley Group If like me, you are a keen follower of sports, you’ll know the Australian Open reaches its culmination this weekend in Melbourne, as the world’s best tennis players [...]
Let’s be honest, demonising landlords won’t solve Britain’s housing crisis January 25, 2024 Landlords are an easy target for our housing grievances, but fewer of them won't help renters, writes Matthew Lesh.
FTSE 100 today: London markets likely to mirror Wall Street’s rise in global tech rally January 25, 2024 Global markets rally on tech strength, while Tesla is down 6%, and oil prices rise. Focus shifts to pivotal indicators like U.S. Q4 GDP, PCE inflation, ECB policy, and Intel earnings.
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’ January 23, 2024 One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.
The Notebook: The future of work, from bees to smart offices January 23, 2024 Where the City’s movers and shakers have their say. Today, Dan Drogman, CEO and co-founder of Smart Spaces with the Notebook pen. The new tech-driven transformation of London’s work spaces Working in the City of London has changed hugely in the last five years – with one of the big post-pandemic changes being the rise [...]
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with City A.M. shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.