London house prices: Renting in the capital could cost you half your salary November 24, 2014 As Britain’s property market continues to cool, rental prices are dropping too. According to data from HomeLet, rental prices in five of seven UK regions dropped between September and October, although the annual rate was still positive at 7.5 per cent. For Greater London, which has the highest average rental prices in the country, [...]
Autumn Statement 2014: This is what the CBI wants George Osborne to deliver November 24, 2014 What will George Osborne get out of his red box when he delivers the Autumn Statement next week? The CBI got off the starting block early with its wishlist, asking for a range of measures to boost British business, including better infrastructure around Stonehenge and business rates reform. Here's what the group businesses wants to [...]
London house prices: Property market losing momentum November 23, 2014 London house price growth is continuing to fall below the national average, new data shows today. House prices grew by 1.2 per cent nationally from September to October, according to figures released by estate agents Haart. Meanwhile, prices only rose 0.3 per cent in the capital from September to October. The recent monthly trends are [...]
Brixton Village, watch out: Time Out wants to build a massive “hipster hub” in London November 21, 2014 Time Out is branching out. Peter Dubbens, the man behind the magazine, wants to create a huge, 100,000 sq ft "hipster hub" somewhere in central London. The thinking behind the idea, apparently, is to "bring the magazine to life". Property industry magazine Estates Gazette reported this morning that Dubbens has appointed James Andrew International to find [...]
Close Brothers property success outweighs weak markets income November 20, 2014 FINANCE house Close Brothers reported strong property finance incomes in the first quarter of its financial year, benefiting from the UK’s economic recovery. Its asset finance arm also performed well, taking the loan book across the two units up 2.3 per cent to £5.4bn. Its asset management arm held steady in the three months to 31 [...]
London leads UK-wide house price slowdown November 20, 2014 More evidence has emerged that suggests London house price growth is set to slow sharply while the national market moderates. Of the UK’s 20 largest cities, 14 are now registering house price inflation below the national average for the UK, according to data released today by property market analysts Hometrack. Over the past 12 months, [...]
Land Securities snaps up former News UK Wapping headquarters November 20, 2014 Land Securities has bought the half stake it doesn’t already own in Thomas More Square, in Wapping, for £85.3m, the property firm announced yesterday. The building was home to News UK, publisher of The Times, Sunday Times and the Sun, until its parent company News Corp moved all of its businesses into new offices at [...]
10 themes Goldman Sachs thinks will dominate markets in 2015 November 20, 2014 It's the most wonderful time of the year – the time banks, analysts and other finance futurologists dust off their crystal balls and start trying to work out what the market's going to be thinking about next year. Goldman Sachs has got in there early, with its "Top 10 market themes for 2015" research note. [...]
Where is the best place in London to buy property? Bayswater, Paddington and Queensway the new housing hot spot, says Knight Frank November 20, 2014 Property investors looking for the next hot spot should pay attention. Knight Frank has identified the next up-and-coming part of London, and it's really central. W2 – specifically Bayswater, Paddington and Queensway – has “arguably the strongest development and regeneration potential of any prime central London residential market,” according to Knight Frank's head [...]
Q&A: What are beer ties and why are they in a frayed knot? November 19, 2014 Q What are tied-pubs and how does the arrangement work? A These are pubs that buy beer from the firm that holds their lease at above market prices in return for benefits like lower rent. Q Why have tied-agreements proved so controversial? A Opponents of tie-agreements argue they stifle competition and [...]