Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties Property weekend Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year house hunting this weekend? One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
Revealed: The UK’s top 10 hottest property markets where house prices rise fastest City A.M. can reveal this morning what are the property hotspots across Britain at the moment, with Toxteth in Liverpool being identified as the number one market, with a 20 per cent increase in the average price tag for a home over the past year. Accrington in Lancashire, Retford in Nottinghamshire and Heywood in Greater [...]
Share of London buyers from outside capital at five year high August 27, 2021 The share of buyers moving to London from outside the capital has reached its highest level in five years. Data from Hamptons, the luxury estate agents based in London, showed that the proportion of buyers who moved in from outside the capital jumped to 13.5 per cent for the 12 months ending June 2021. Migrated [...]
Derwent London announce acquisition of Bush House August 2, 2021 Derwent London, the property giant, has announced the acquisition of the South West Wing of Bush House for £13.5m. The company already owns the freehold for the office that faces the Strand. Derwent will be purchasing the building with a vacant possession, meaning any current occupant will move out. It is a further investment in [...]
Unique £4.7m ‘iceberg house’ up for sale in Hampstead July 6, 2021 A unique property dubbed an ‘iceberg house’ for its below-ground build has gone up for sale in Hampstead for £4.7m. The site, which is located just 50 metres from Hampstead Heath and boasts celebrity neighbours Boy George and Nick Mason from Pink Floyd, was previously occupied by garages. It has been built into the ground [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
Not all sellers are equal — why cladding changes are urgently needed to free up the UK property market October 1, 2020 According to Rightmove, people searching for a home in a village jumped by 126 per cent in June and July compared with the same period last year. That figure should not be surprising, given that if you’ve been cooped up in a smaller flat, with less living space because you thought most of your time [...]
London property focus on North Greenwich: Affordable homes by the riverside September 4, 2015 Fancy a night out in North Greenwich? No, not that one with the market, the chapels, the observatory and the ship. The other one with the O2 Arena and… not much else. It’s a hard sell, truth be told, so imagine how much harder it must be to convince someone to live there. Once a [...]
Sir Stirling Moss’s Mayfair house up for sale: Live life in the fast lane in the first home of Formula One legend September 4, 2015 Fancy yourself a bit of a hotshot? Well, there’s no way to ensure you’ll reach the finish line first but you can get a headstart by following in the footsteps of a Formula One legend. Sir Stirling Moss’s first house has gone on sale in Mayfair and it’s sure to attract some high flyers. [...]