Development of Nine Elms clears a hurdle April 9, 2015 ST MODWEN and the Covent Garden Market Authority yesterday reached an agreement for the redevelopment of the 57-acre development in Nine Elms, on the south bank of the Thames. The project will include a market, offices, swanky homes, and space for new start ups. Construction is expected to start this summer. Nine Elms, one of [...]
Grandeur is at home in Greenwich: The 17th century townhouse that boasts 10 Grade-II listed fireplaces April 9, 2015 Greenwich is one of the most rapidly changing places in London. Five new districts are set to surround its famous white dome, along with a host of restaurants and galleries. If you want to be close to a buzzy, young part of town but old school glamour is more your style, then 14 King William [...]
Focus on Bermondsey: Take a walk on the south side April 9, 2015 Affordable housing in Zone One is becoming something of a rarity in London, but look just south of the river and you’ll find one area in particular that’s still a decent prospect for first-time buyers looking for a good investment. Paul Bent, sales manager at Kinleigh Folkard & Hayward’s London Bridge branch says young professionals [...]
Private View: On the market in Bermondsey this week April 9, 2015 FORT ROAD From £750,000 This three bedroom period house has character in abundance, with original features such as the newly-sanded wooden flooring throughout. The terraced house also features wooden decking in its south-facing garden. It’s available freehold and close to local shopping hotspots Bermondsey Street and Maltby Street Market. Contact Kinleigh, Folkard & Hayward’s London [...]
Another milestone passed for the New Covent Garden Market site in Nine Elms April 9, 2015 Vinci St. Modren (VSM), and the Covent Garden Market Authority (NCGMA) have reached an agreement for the redevelopment of the 57-acre development in in Nine Elms, which will include a market, offices, swanky homes, and space for new start ups. Construction is expected to start this summer. The figures The project is a big one: [...]
Co-operative Group returns to profit amid turnaround plan April 9, 2015 The Co-operative Group has returned to profit – a reversal of fortunes on the previous year's losses of £255m. The figures Full-year profit before member payments – the equivalent of pre-tax profits for a PLC – came in at £124m in 2014. Revenues slipped slightly, down three per cent at £9.4bn for the year to [...]
House hunters hold off expensive home purchases as General Election could lead to levy rise April 8, 2015 Demand for prime mortgages fell at its fastest pace since 2008 at the start of this year, with industry analysts arguing it shows those looking at the most expensive homes are holding off until after the General Election. Bank of England figures show a sharp fall in lending, with demand for prime mortgages – the [...]
Banks to make buy-to-let mortgage rules simpler in bid to boost transparency April 7, 2015 Dozens of banks and building societies promised to make the small print on buy-to-let (BTL) mortgages simpler and clearer, in a bid to make the products as transparent and straightforward as more heavily regulated retail mortgages. The aim is to make borrowers’ obligations clearer, so that BTL customers understand how much they have to pay [...]
UK regions lift European real estate prices April 7, 2015 European commercial property prices grew by a record 7.8 per cent in the fourth quarter of last year, fuelled by the ongoing recovery in the UK’s regional property markets. Figures out yesterday by property adviser DTZ show that prices rose by 20 per cent for the year overall thanks to a record last quarter, when [...]
Savills boss Jeremy Helsby gets £2.2m after record year April 7, 2015 THE PROPERTY market may be something of a minefield to navigate currently, with supply pressures and low interest rates on the one hand and the mortgage market review and the threat of new taxes on the other. But there are no jitters at upmarket estate agent Savills, which awarded its executive directors a healthy jump [...]