UK house prices grow nearly three times quicker than salaries since 2008 October 1, 2019 UK house prices’ growth over the last decade has vastly outsripped that of people’s salaries, with property value increasing in value nearly three times faster than the wages of their occupants, according to research. The average UK home has risen around 43 per cent in value between 2008 and 2018, from £160,954 to £229,861. But [...]
UK homebuyers turned off by ‘characterless’ new-builds September 30, 2019 Prospective buyers have been deterred from purchasing new-build homes in the UK because they are “unattractive” and “devoid of character”. Roughly half of homebuyers and property investors believe new-builds are usually unattractive, while 63 per cent consider them to lack distinctive features, according to a new survey. Read more: Days of soaring London house prices [...]
Days of soaring London house prices ‘are long gone’, says UBS September 30, 2019 The capital’s real estate market has moved out of bubble-risk territory for the first time in four years amid cooling London house prices, according to a new UBS report. An end to London’s housing boom has pushed the capital down a UBS index that ranks the cities with the biggest real estate bubbles in the [...]
Regent’s Crescent: How John Nash’s iconic Georgian terrace is being reborn September 27, 2019 Walk around London’s west end, your eyes skywards, and you’d be hard pressed not to spot the work of John Nash. The architect to the Prince Regent (later George IV) built countless buildings in central London – from Marble Arch, to Clarence House, to All Souls Church on Langham Place. And then there’s Park Crescent. [...]
London house price growth remains below UK city average September 27, 2019 House prices in London edged up 0.2 per cent in August but inflation remained below the UK average growth rate for cities of 1.9 per cent. However, mortgages for home purchases in London have been increasing slowly following the lower numbers seen since late 2014, suggesting that the decline in London housing sales has bottomed [...]
A good property manager is crucial. Here’s what to look for when hiring one September 27, 2019 Whether you are a property investor, a house builder, resident management company, right to manage company or a residents’ association, property management has never been more important. As more and more people choose to rent or buy leasehold, their expectations of the service they receive are getting higher – and rightly so. There are plenty [...]
Inside Mayfair’s ‘most luxurious’ rental home – yours for £30,000 a month September 27, 2019 A new-build apartment which has been dubbed Mayfair’s ‘most luxurious’ has just hit the market, and is available to rent for anyone who happens to have a spare £30,000 a month. The 1,593 sq ft Apartment 3.05 sits within Clarges Mayfair, a grand Portland Stone block overlooking Green Park which is collectively valued at £160m. [...]
Wework sells former CEO Adam Neumann’s $60m private jet September 27, 2019 Wework is reportedly preparing to sell ex-chief executive Adam Neumann’s $60m private jet after the founder was this week forced to step down from the company. Some investors said the private plane was a sign of poor corporate governance in the lead up to the firm’s delayed initial public offering, Business Insider reported. Read more: [...]
GoodWaste: The graduate designers creating unique homewares from scavenged marble September 27, 2019 Sometimes success comes knocking at a young person’s door, and they are so prepared that they already have their coat and shoes on. This is the story of how three dynamic Royal College of Art MA product design students had a bloody good idea for their degree show – and a few weeks after graduating [...]
Focus on Wapping: First-time home buyers are taking advantage of City connections and ‘sensible’ prices September 27, 2019 Located on the north bank of the Thames just to the east of Tower Bridge, Wapping is one of the few remaining postcodes where you can snap up a flat within walking distance of the City without a completely eye-watering price tag. Formerly the domain of dock workers, large swathes of the area have been [...]