London commuters battle over rising property prices along Elizabeth Line May 20, 2022 The newly unveiled Elizabeth Line has left commuters wrestling over rising prices in London’s suburbs, with the cost of a home in local areas more than doubling over the past 10-years. The Crossrail, one of Europe’s largest infrastructure schemes and four years overdue, will open to the public on Tuesday. Despite he delays, the number [...]
GPE boss warns London’s office rebound could hit a wall amid runaway inflation May 19, 2022 The boss of GPE, formerly known as Great Portland Estates, has warned that London’s office leasing rebound could hit a wall as inflation shrinks the appetite for new developments. The capital’s post-pandemic recovery for offices has seen some of the UK’s largest developers – as well as GPE – hail record leasing activity and surging [...]
Space-tech real estate to take-off as investment gathers pace May 18, 2022 Space-tech real estate is forecast to take-off, following in the footsteps of the UK’s post-Covid-19 life sciences property boom, according to Savills. The UK has doubled down on its blossoming industry, which pulls around £16bn into the economy each year, as it looks to launch from its own soil this summer. “The space industry [...]
London average hits £440k: First-time buyers in for a shock as house prices for newcomers rise £24 per day May 18, 2022 While celebrities can often be seen splashing millions of pounds on their first homes, the average first-time buyer (FTB) is spending £223,751 on their first property. In fact, the average FTB needs to find £43,623 more than they did in 2016 to secure their first own property, a 24 per cent increase, according to data [...]
Buzzfeed runs out of buzz as losses swell and time spent on sites dwindle May 17, 2022 Losses continue for media giant Buzzfeed as the firm struggles to gain momentum following its market debut last year.
Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Sureserve’s order book powers profits May 17, 2022 Social housing energy services group Sureserve has reported rising revenues and a healthy uptick in profits, driven by an expanding order book.
The Elizabeth line effect: House prices along Crossrail skyrocket by as much as 215 per cent May 17, 2022 With the initial launch of Crossrail imminent, it has emerged that postcodes with stations due to benefit from Crossrail (CR) have seen house prices increase by up to 215 per cent since the project was first announced, carrying a 14 per cent premium versus the wider areas. Postcodes home to a Crossrail station have seen [...]
Greggs opens 49 new shops after sales of chicken goujons soar May 16, 2022 Sausage roll seller Greggs has seen shares dip after admitting city sales still lag behind the rest of its sites. Although the bakery chain said it had had a “good” start to 2022 on Monday, shares were down some 2.8 per cent in the afternoon. The firm has been reshaping its portfolio of stores to [...]
London’s housing supply is not fit for purpose, and we need a bit of bravery to fix it May 16, 2022 The housing market in London is extremely hard to navigate. Students looking for a flat to rent with two or three friends often have to give up on the idea of a living room for reasons of price. Older couples who might want to relocate after the kids have moved out often don’t, because there’s [...]