Londoners face further rental rate increases October 20, 2015 There is no slowing down for rental rates in the capital, with the average cost per month for a one-bed flat coming in at over £1,000 in three quarters of boroughs. Only nine London boroughs have average rents for one-bed flats below £1,000 per month now, according to the monthly Landbay Rental Index. This is [...]
City Moves for 21 October 2015 | Who’s switching jobs October 20, 2015 RO REAL ESTATE The commercial property investment and development firm has appointed Nick Moore as senior investment manager. He joins from Lloyds, where he was director in its real estate division. Moore has 15 years’ experience in commercial real estate and has also held roles at PRUPIM, Warner Estates and DTZ. WILLIAM BLAIR Michael Collinson [...]
Want to buy a Brighton home? Wait 100 years October 20, 2015 FIRST-time buyers in Brighton are worse off than their London counterparts, according to online estate agents HouseSimple. A resident in the seaside town would need to save for more than 104 years to amass a deposit for a property in the area, based on average salaries and property prices, The average cost of a Brighton [...]
London property prices: Business bears the cost of the government’s housing failures October 20, 2015 London's housing crisis is a human tragedy. The London Poverty Profile, released today, shows that housing costs are the major driver of a big increase in the number of Londoners who are in work but still living in poverty. But the housing crisis is also an economic tragedy. It is damaging the competitiveness of businesses, [...]
Eviction notice: Rising rents could topple London’s thriving tech industry October 20, 2015 If nothing is done to tackle the capital’s surging property prices, the future looks bleak for London’s small businesses. Today’s Federation of Small Businesses (FSB) “London Manifesto” revealed that over half of the 7,000 London-based small businesses it surveyed said that business property costs require urgent reform. This comes as no surprise, seeing as firms [...]
UK and London house prices: How long does it take to save a deposit for a property? 104 years for people in Brighton October 20, 2015 Wannabe homeowners in Brighton are worse off than Londoners when it comes to jumping onto the first rung of the property ladder. A resident in the town would need to save for more than 104 years to amass a deposit for a property in the area, based on average salaries and property prices, The average cost of a [...]
City Moves for 20 October 2015 | Who’s switching jobs October 19, 2015 CARTER JONAS The property consultancy has appointed Darren Yates as head of research. He was formerly a partner at Knight Frank, where he worked as head of global capital markets research. Yates has over 20 years’ experience, and has also worked at Cushman and Wakefield, and Management Horizons Europe. MAREX SPECTRON Andrew Strickland has been [...]
London house prices: The capital leads the way with Build to Rent scheme October 19, 2015 Calls for more properties to be built in London to slow rampant price growth are being partly answered. The capital is leading the way in the Build to Rent scheme, with the number of rental developments in the pipeline more than double that in the rest of the UK. The scheme allows developers to build properties for rent [...]
London property prices: Global firms drive demand for prime flats in the capital – but at a bargain October 19, 2015 Global multinationals are feeling increasingly plucky about the economic outlook and their future assignments, which is helping to drive demand for prime residential accommodation in the world’s gateway cities such as London and Hong Kong. However, Knight Frank’s latest research shows they are becoming more price conscious – with their employees being encouraged to seek [...]
China’s third quarter GDP beats expectations, but it’s the weakest economic growth since 2009 October 19, 2015 China's economy grew by more than expected in the third quarter of this year, easing fears that it is slowing at a greater pace than previously thought. China's statistics bureau said this morning that the country's gross domestic product increased 6.9 per cent between July and September from a year ago, beating analysts' estimates for 6.8 [...]