Buyers look to Notting Hill as prime central sales rise 8% on pre-pandemic levels August 13, 2021 Demand for prime central properties is 31 per cent ahead of July 2019 as buyers prioritise green spaces following the pandemic. Sales in the City of Westminster and the Royal Borough of Kensington and Chelsea are up 8 per cent compared to June and July 2019, according to estate agents Winkworth. There has been a [...]
How to build the best digital marketing team August 12, 2021 No matter the size of your organisation, it’s increasingly important to have a strong digital marketing strategy. And finding the right people to create and effectively execute that strategy is key. But where to start, especially if your marketing team is a team of just a few people or even no one at all? Here [...]
Pandemic space race: Flats are back but prices are slow to catch up with detached homes August 12, 2021 The average price of a flat has climbed just one per cent since the start of the pandemic, while detached homes have jumped by 10 per cent, according to the latest data. The data, from property website Rightmove, suggests that Brits’ property choices have been permanently changed by the pandemic. When Covid-19 brought three national [...]
Demand for houses worth £1m is greater outside London than inside August 11, 2021 London is losing its grip on the luxury housing market with more homes worth £1m sold outside the capital than inside for the first time. Data provided by the HM Land Registry has revealed that 51 per cent of the 6,573 homes that sold for more than £1m in England and Wales were based outside [...]
Affordability in UK housing market plunges to 10-year low August 11, 2021 Affordability in the UK property market has plunged over the last year amid soaring house prices and stagnating wage growth, according to new figures published today. Research from Halifax shows the average home in the UK now costs 8.1 times average earnings, the highest on record since the lender started tracking the figures 10 years [...]
Build to rent on track for record investment as investors eye projects outside London August 11, 2021 The build to rent market has received record levels of investment in the first two quarters of the year, according to new research. In the first half of the year, £2.35bn of capital was invested into the sector including more than £1.27bn in Q1 and an additional £1.08bn in Q2. Global property consultancy Knight Frank [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
Investor confidence in UK real estate edges up after Freedom Day as outflows decrease August 11, 2021 In the wake of the UK’s “Freedom Day” easing of Covid restrictions, investor optimism for real estate funds gained ground in July, reflected in significantly decreased outflows compared with previous months. Investors pulled £94m from UK property funds in July – which, although still a considerable outflow, was a marked improvement on the £249m outflows [...]
Exclusive: Unpaid stamp duty clawed back by the tax man soars to five-year high August 11, 2021 Tax clawed back from probes into suspected unpaid stamp duty reached a five-year high this year, reveal exclusive figures obtained by City A.M. The tax man recouped an average of £113,400 from each investigation it launched into unpaid stamp duty in 2020/21, shows data secured through a Freedom of Information request submitted to HMRC. The data [...]
Student accomodation sector ‘very positive’ after record results day and £2bn investment August 10, 2021 The purpose-built student accommodation market has been further buoyed after record A-Level results today after investors spent £656m in the sector in the second quarter of this year. Almost half (44.8 per cent) of all A-Level grades received were either A or A*, after exams were cancelled and replaced with teacher predicted grades. There had [...]