New homes: Our pick of the new builds going on sale in London this weekend January 18, 2019 Fitzroy Gate, Hounslow From £1.4m Get a new house and new body at the same time at this health and fitness day to launch a new show home in west London. From 10am to 4pm tomorrow, personal trainers from Fitness Space will be at the marketing suite for a four bedroom show home in Old [...]
DEBATE: Are falling house prices in London a good thing? January 18, 2019 Are falling house prices in London a good thing? Daniel Hegarty, founder and chief executive of digital mortgage broker Habito, says YES. Provided it stops at a pricing correction and doesn’t go further, the drop in house prices is good news. London’s sky-high prices have left the average 34-year-old first-time buyer needing to borrow 13 times [...]
November rise in first-time buyers getting on the housing ladder January 17, 2019 First-Time buyers bolstered the UK mortgage market in November, as competitive deals and schemes such as Help to Buy boosted the number of young homeowners in the run-up to Christmas. There were 36,200 new first-time buyer mortgages completed in November, rising 5.8 per cent from the same month in the previous year, according to UK [...]
London housing market faces negative outlook for start of 2019, warn surveyors January 17, 2019 Fresh fears for the future of London’s subdued property market were brought to light this morning, with forecasts for growth in the capital hitting their lowest levels in two decades. As uncertainty bites both buyers and sellers, a record number of surveyors are predicting that activity in the capital will remain negative over the next [...]
Berkeley Group chairman Tony Pidgley on Brexit, buildings and bonus backlashes January 16, 2019 Tony Pidgley is a staunch defender of his trade, as you would expect Britain’s best-known housebuilder to be. So it comes as something of a surprise when, asked about the huge row that hit his sector last year when fellow housing boss Jeff Fairburn took a £75m bonus, he does not come down on Fairburn’s [...]
London house prices fall as UK homes grow in value January 16, 2019 London house prices fell 1.2 per cent month-on-month in November, official data revealed today. Homes in the capital also experienced the greatest annual fall as they dove 0.7 per cent year on year in November, according to HM Land Registry figures. The drop left the average London home priced at £472,901. Read more: Falling fuel [...]
City Moves for 16 January – who’s switching jobs at Orchard Street, Crowell & Moring and Stephens Rickard? January 16, 2019 Who’s switching jobs today? Orchard Street Orchard Street Investment Management, the specialist commercial property investment manager, announces the expansion of its leadership team with the promotion of Tom Chadwick to partner. Tom joined Orchard Street in 2014 as investment transactions manager following a successful six-year track record at Aviva Investors, where he started his career [...]
Savills: On target for 2018 but 2019 prospects overshadowed by uncertainty January 15, 2019 Property giant Savills delivered mixed messages to the City this morning after warning of future uncertainty despite maintaining expectations for its 2018 performance. Shares dipped two per cent in late-morning trading after it said its 2019 outlook was clouded by macro-economic and political volatility. The group said that it was forecasting to see transaction volumes [...]
City moves for 15 January – who’s switching jobs at Leathwaite, Blend Network and Quantexa? January 15, 2019 Who’s on the move? Leathwaite Leathwaite, the global human capital specialist firm, announces that Dena Brumpton is to join its board as a non-executive director. With over 30 years’ experience as a senior financial services professional, most recently as chief executive for Barclays savings, investments and wealth management, Dena Brumpton is regarded as one of the [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]