Crane drain: Construction on new London offices slows to five-year low November 18, 2019 The number of new construction projects for office blocks in London has fallen by almost half in the last six months, according to data published today. Work has started on only 24 new schemes totalling 1.8m square feet (sq ft) in the capital over the last six months, compared to 37 schemes totalling 3.5m sq [...]
Boris Johnson postpones corporation tax cut November 18, 2019 The Conservatives have shelved plans to cut corporation tax from 19 per cent to 17 per cent. Boris Johnson made the announcement at the CBI conference in London this morning. Read more: Sajid Javid will remain chancellor if Conservatives win the election He said the change had been made to free up funding for the [...]
Airbnb secures deal to provide Olympic accommodation November 18, 2019 Holiday home rental company Airbnb has agreed a deal to become an Olympic partner, in a bid to reduce the cost of the games. Airbnb hosts will provide accommodation for athletes and Olympic officials as well as visiting fans at the Tokyo games next year, followed by Beijing, Paris, Milan and Los Angeles. Read more: [...]
Creative monetary policy alone won’t spur sustainable economic growth November 18, 2019 The latest decision from the European Central Bank to reactivate quantitative easing to revitalise the comatose Eurozone economy has been met with scepticism — this time even by central bankers in the Eurozone. The doubters within the central banking community are now openly voicing their disagreement with such monetary policy tools. Monetary policy in the [...]
Fewer home sellers in November as general election ramps up uncertainty November 18, 2019 The number of new sellers advertising their properties for sale slumped by the largest amount in a decade this month, as a Brexit deadline and a looming general election spooked prospective sellers. According to the latest research, the number of new sellers dropped 14.9 per cent – the largest year-on-year fall since August 2009 – [...]
Jim Ratcliffe wins Jaguar Land Rover challenge over Defender shape November 17, 2019 Jaguar Land Rover’s (JLR) efforts to thwart billionaire businessman Sir Jim Ratcliffe’s plans to model the shape of his new 4×4 on JLR’s Defender have failed. The Sunday Times today reported that Ratcliffe, the founder of Ineos, had won his challenge to JLR’s attempt to trademark the Defender’s shape. Read more: Ineos’ Teeside chemicals factory [...]
Wework faces US markets regulator inquiry after failed flotation November 16, 2019 The US markets regulator will undertake an inquiry into Wework’s failed attempt to float on the New York Stock Exchange this summer. The office space company will be scrutinised by the Securities and Exchange Commission to determine whether it broke the law as it went ahead with a public listing, reports claim. Read more: Wework [...]
Property legal Q&A: The neighbours above our flat are very noisy. What should we do? November 15, 2019 Noisy neighbours are a common complaint amongst owners of flats. There are a few ways in which to approach this, and several issues for you to consider. First of all, check the terms of your lease. Better still, also check the terms of your neighbour’s lease, which you can download from the Land Registry for [...]
Focus on Wood Green: First-time buyers flock to this up-and-coming North London locale November 15, 2019 Known to many Londoners as the gateway to a night out at the Alexandra Palace, Wood Green is situated on the border between North East and North West London, just within the North Circular. It is also home to Wood Green Animal Shelter, one of the largest in London which was recently the subject of [...]
These are the top 10 London apartment blocks to rent in, according to residents November 15, 2019 More people in London are renting for longer. While that might conjure up images of shoddy house-shares and nightmare landlords, property developers are now trying to capitalise on the sheer volume of renters in the market by offering them an altogether better experience. Today, it’s not uncommon to find cinema rooms, fitness facilities and co-working [...]