Renters return to London with a vengeance as City workers want to walk to work September 27, 2021 London prices have recorded the strongest quarter of growth in over a decade as the capital’s prime rental market now leads the recovery. A return of office workers and employees relocating for work meant prices were up 2.9 per cent in the third quarter, the strongest quarter of growth since March 2011, according to Savills. [...]
Renters return: London rental market makes up 4.3 per cent of city GDP September 24, 2021 Around £21.4bn is generated in rental income in London alone, which equates to some 4.3 per cent of the city’s GDP according to new research. The research, from Sequre Property Investment, found that – unsurprisingly – the capital topped the list as the region with the highest rents and the most privately rented homes. Across [...]
London sees the return of the pied-à-terre September 24, 2021 Demand for second homes came to a grinding halt in the spring of 2020 when Covid changed the world as we knew it. As stock markets began to fall and Boris announced that we could no longer leave the house for anything more than the essentials and a quick walk around the block, most pied-à-terre [...]
A mews property perfect for a history buff September 24, 2021 Every property has a history. From the oldest country pile to the newest newbuild, the houses we construct tell us about the times in which we live: the fashions of the day, the materials we have access to, the relative wealth of the area. But not all properties have histories that reflect their circumstances as [...]
Labour promises to grant first-time buyers exclusive rights to new-builds September 24, 2021 Labour has promised to give first-time buyers “first dibs” on new-builds for six months. The party said it would prevent properties being sold off-plan to developers before locals can buy them, under plans to be set out at its annual conference. It will also state a government led by Keir Starmer would cap the amount [...]
House sellers in London less willing to drop asking prices September 23, 2021 House sellers in the capital are feeling increasingly confident as the number of sellers willing to drop their asking prices fell last month. There was a 51 per cent decrease in the number of home-sellers being prepared to drop their asking prices in August, compared to July. Estate agency Chestertons said a return of seller [...]
Debt payment by Evergrande eases market jitters over messy default September 22, 2021 Evergrande said today it will make a payment due on a domestic bond, easing jitters over a messy default, for a little while at least. Watch the full report.
Exclusive: Growing group of British landlords that live abroad admit tax evasion September 21, 2021 UK expats who own a buy-to-let property in the UK increasingly approach HMRC to admit they have evaded tax, according to new data shared with Morning Wire this morning. 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the year up to 31 March, according to data shared by accountancy firm UHY [...]
Property transactions rose almost a third in August September 21, 2021 Property transactions in August rose almost one third on the previous month, according to official estimates. The provisional seasonally adjusted estimate of residential transactions in August was 98,300, 32 per cent higher than July, HMRC data published on Tuesday revealed. The number of transactions was also 20.8 per cent higher than August 2020. It comes [...]
Making homes greener could create up to 138,000 new jobs and unlock £9.8bn for the economy September 21, 2021 Making homes more energy efficient could create up to 138,000 new jobs in the UK, while also injecting £9.8bn into the economy by 2030, a new report has found. The report, by Cambridge Econometrics for Greenpeace UK, found that a country-wide project to insulate homes and swap gas boilers for heat pumps, could also unlock [...]