£1 trillion pot: Landlords’ wealth grows as UK house prices and rents rise May 28, 2015 Landlords earned £112bn last year from rent and rising house prices, according to a study out yesterday from Kent Reliance. The total value of their assets is up 11 per cent on the year to £990.7bn – just shy of £1 trillion. London’s private rental sector is worth £406.5bn, up £50.7bn on the year. As [...]
Helical Bar chief predicts record City office rents of £100 per sq ft and £75 per sq ft in Shoreditch May 28, 2015 The meteoric rise in London office rents is unlikely to slow down for at least another year, the chief executive of property developer Helical Bar said yesterday, as companies compete for limited office space. Mike Slade predicts that rents in the City will rise to a record £100 per square foot by 2017 and £75 [...]
Property prices: These are the most expensive homes in the world, while London’s most expensive home equals 131 “average” properties May 28, 2015 The most expensive property sold in London last year could have bought 131 “average” priced properties, a new report shows. The top selling home was a property that went for $98m, according to an annual white paper put out by Christie's International Real Estate. But London was not the city with the most [...]
War of the wearables: Jawbone sues Fitbit ahead of IPO May 28, 2015 The war of the wearables has just been taken up a notch after two of the leading companies pioneering the technology have become involved in a legal dispute. Jawbone, the maker of the UP fitness tracker band, has filed a lawsuit in a California court alleging rival Fitbit, which also makes health tracking devices, stole [...]
Mortgage lending expected to rebound after pre-election drop May 27, 2015 THE MORTGAGE market slowed in the run up to General Election, according to figures released yesterday by the Council for Mortgage Lenders. London house purchase lending totalled £2.4bn in the first three months of the year, a drop of 16 per cent compared with the final three months of 2014. Housing market experts expect an [...]
Investing? what you must consider May 27, 2015 From minimising exposure to failure to ensuring adequate protection against dilution, there are ways to prepare before making your crowdfunding investment THERE is a lot of noise around the heightened risk investors are exposed to on crowdfunding platforms. But crowdfunding is venture capital, and venture capital is all about taking a higher level of risk [...]
tech apps website london crazy home prices rent property market May 26, 2015 Gone are the days when alerts from online property portals such as Zoopla and Rightmove would ping into your inbox with frustrating frequency. Team up Propertybuyersmatch.co.uk pairs up individuals who want to buy a property within the 33 London boroughs as well as along the Crossrail route. Take a tour Londonrelocationservices.comhttp://londonrelocationservices.com/how-to-find-property-in-london-fast/ Squeeze fees https://www.yopa.co.uk/ Yopa differs [...]
Dear Queen, here’s everything business wants you to say in your speech May 26, 2015 On Wednesday the Queen will give her Speech from the Throne, setting out the policy plan for the Conservative government. Big topics to be covered include the EU referendum, which Prime Minister David Cameron has promised to hold within the next two years, housing, immigration, and devolution for cities outside London. Many of the [...]
Swipe right if you think it’s property love: New app Knocker is being billed as Tinder for home-buyers May 26, 2015 Looking for love of the property kind? This new app that is being billed as Tinder for home-buyers could be right up your street. A pair of clever programmers from the Ignite100 accelerator in Newcastle are hoping to tap into our lust for browsing the latest properties to hit the market. Like the [...]
End of mansion tax threat lifts top tier of London’s property market May 25, 2015 The higher end of the London housing market is seeing market volumes return following Labour’s defeat in the General Election, ending the threat of a proposed mansion tax on properties over £2m. The number of properties over £2m listed on Getagent.co.uk, an estate agent comparison site, more-than doubled in the weeks after the national vote, [...]