Coronavirus: Pandemic heaps uncertainty on house price growth March 16, 2020 The UK’s coronavirus outbreak has heaped uncertainty on London’s housing market, which had started to rally following the Conservative general election victory. The price of property coming to market in the capital surged 5.1 per cent year on year last month to an average of £638,826, the highest annual rate of growth since May 2016. [...]
Modular housing: Four common buyers’ questions answered March 13, 2020 Modular housing; off-site construction; MMC. You might have seen these terms bandied about by the housing minister, or heard the news earlier this month that a 49-storey modular housing tower has been approved in Croydon, which will be one of the tallest in the world. But what does it all mean? Broadly, MMC – or [...]
Property of the Week: A Huguenot home in Spitalfields with a unique Rousseau rendition March 13, 2020 Wander a little beyond the balti houses and beigel shops of Brick Lane, and you’ll soon come across the Spitalfields Conservation Area. These narrow, relatively secluded residential streets offer a glimpse into the old East End, and are home to some of the best examples of early Georgian-era townhouses in central London. The rows of [...]
Property focus on Tunbridge Wells: Find pretty period homes and a rejuvenated restaurant scene in Queen Victoria’s favourite town March 13, 2020 Only three towns in England can call themselves ‘Royal’ – and Royal Tunbridge Wells, a town of 56,000 people which lies 30 miles south-east of London in Kent, is one of them. King Edward VII bestowed the title on it in 1909, partly to commemorate the fact that his mother, Queen Victoria, loved the town [...]
Berkeley suspends £455m shareholder payout over coronavirus March 12, 2020 Housebuilder Berkeley Group has suspended a £455m shareholder payout until there is more clarity on the economic impact of coronavirus. The property developer said there had been no noticeable impact on its own business so far, but warned that the effect on UK firms is still unknown. Berkeley Group said it was responsible to approach [...]
Savills profit jumps after UK post-election bounce March 12, 2020 Property advisor Savills reported a jump in full-year profit as a surge in UK business after the general election helped to offset Brexit uncertainty and disruption in Hong Kong. The figures Group revenue increased ten per cent to £1.93bn driven by a strong performance and profit before tax increase six per cent to £115.6m, compared [...]
London house prices: Rising demand pushes up property prices March 12, 2020 London house prices increased in February due to rising demand for homes in the capital, according to new research. In total 39 per cent of London contributors to a survey by the Royal Institution of Chartered Surveyors reported a rise in house prices last month, the highest amount since May 2014. Additionally, 27 per cent [...]
Budget 2020: Rishi Sunak gives economy £30bn boost amid coronavirus outbreak March 11, 2020 Chancellor Rishi Sunak has announced a £30bn stimulus package to support the UK economy through the coronavirus outbreak in the biggest spending spree in almost 30 years. Sunak – who was made chancellor last month – said it was one of the most comprehensive responses to the outbreak by any government. The plan earmarks £12bn [...]
Budget 2020: Stamp duty hiked for overseas buyers March 11, 2020 The government will go ahead with plans to increase stamp duty for overseas buyers, chancellor Rishi Sunak announced today. He said the government will introduce a new stamp duty surcharge of two per cent for foreign buyers to make it easier for domestic buyers as part of a range of measures to tackle the housing [...]
City Moves for 11 March — Who’s switching jobs at Wavemaker, Waypoint Capital and CapitalRise? March 11, 2020 Today’s City Moves includes Wavemaker, Waypoint Capital and CapitalRise Wavemaker Wavemaker UK has announced the appointment of Elliott Millard as head of planning. Based in London, Elliott will lead a team of 65 planners, taking responsibility for the strategic element of key new business pitches. Elliott brings over 18 years of media industry leadership experience [...]