Competition watchdog probes land banks in housing investigation August 25, 2023 The UK competition watchdog has said it will probe land banking by the country’s biggest housebuilders as it identified a number of concerns regarding the sector. The Competition and Markets Authority (CMA) formally started a probe into the housebuilding sector and the private rental market in February. It said it was looking into the housebuilding [...]
Cluttons swaps West End for Square Mile with new London HQ in Cannon Street August 25, 2023 Property consultancy Cluttons has moved its London office headquarters from the West End to the City. The estate agent has taken a 10-year lease at Yarnwicke on Cannon Street and will occupy 8,551 sq ft of space. It comes as Cluttons said it has experienced a period of “sustained growth” having hired a number of [...]
Lendinvest hit by data breach with customer information exposed August 25, 2023 Lendinvest has said it was hit by a data breach yesterday, with certain customer information made available to outside parties. The London-listed property fintech said an investigation into the incident is ongoing and can not yet confirm the precise number of individuals impacted or how long the information was in the public realm for. It [...]
Live in the penthouse of that building in Battersea with the floating swimming pool August 25, 2023 Battersea has been dragged kicking and screaming into the high-end property world. Less than a decade ago it was a strange bubble of industrial wasteland, a place filled with old warehouses and the rusted remnants of esoteric machinery. Now it’s a gleaming residential and commercial Disneyland, supported by its own underground station and dominated by [...]
How to sell a house in today’s tricky market August 25, 2023 Everybody knows that painting your front door can help to sell a house – but what other hacks can you take advantage of? Just like painting the door, adding a few attractive planters and pots instantly makes the entrance a feature and hints at a home that is looked after and makes a buyer want [...]
Homes more affordable but borrowers stretched by rising mortgage costs August 23, 2023 The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures. Mortgage lender Halifax said this is down from a record high of 7.3 times average earnings last summer, when a UK home cost an average £293,586 and the average annual [...]
House prices: Five things we’ve learnt from the latest data (and why we might still be set for a crash) August 21, 2023 House prices might not crash - but neither renters nor homeowners have all that much to cheer as we head into September
Horizon 22: London sky-high viewing gallery set to elevate the capital August 21, 2023 London is preparing to level up its skyline game with the unveiling of Horizon 22, Europe’s highest free public viewing gallery. Set to open its doors this September, Horizon 22 is perched on Level 58 of the towering 22 Bishopsgate – Canada’s tallest building. Horizon 22 is “yet another huge vote of confidence” [...]
Crest Nicholson: ‘Persistently’ high inflation leads house builder to lower forecast for the year August 21, 2023 British house building company Crest Nicholson said it expects adjusted profit before tax for the full year to be around £50m down from previous expectations of £73.7m, after a challenging period for the sector bruised business activity. The Surrey based firm said “persistently” high inflation and rising interest rates worsened during the summer of this [...]
House prices: August sees biggest fall since 2018 as signs of crash mount August 21, 2023 The average price of a home fell by 1.9 per cent in August, the biggest dip for the month since 2018, following a season of surging mortgage rates which led sellers to slash the prices of their homes in order to secure a sale. During the tail end of the summer the cost of a [...]