Property of the Week: Enter the Dragons’ Den in Hackney July 12, 2019 For £3.25m, you could live in the warehouse conversion where budding business tycoons once pitched for cash. Does the sheer force of your entrepreneurial spirit get you out of bed in the morning? Do you like the idea of living in a place where dreams have been made and broken? Or perhaps you are just [...]
Investing in property? Make sure you’re doing it properly July 12, 2019 Mark Twain once quipped: “Buy land, they’re not making it anymore.” For many investors, the finite nature of land translates into making property a safe, steady investment that diversifies a portfolio. As ever in life though, if only it were so simple as just buying the asset – whether that is a building, an aircraft [...]
Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
Prospective buyers eye up London housing market July 11, 2019 Prospective house buyers are eyeing up the London property market as enquiries rise for the first time this year. Net first time buyer enquiries reached the highest number since 2016 last month in a sign that the London sales market is settling down. Read more: Investor enthusiasm for UK commercial property slumps In June, 23 [...]
Housebuilder Barratt expects record profits despite Brexit blues July 10, 2019 Housebuilder Barratt Developments has forecasted a record rise in annual profits this morning, as it presses ahead with a plan to withdraw itself from Central London’s subdued property market. The FTSE 100 developer, which said today it has been making good progress on its strategy to exit Central London, is set to report pre-tax profits [...]
A share in a housing nightmare? The problems with leasehold contracts and shared ownership July 10, 2019 The saga around leasehold contracts gets more complicated for buyers using the shared ownership scheme
Investor enthusiasm for UK commercial property slumps July 9, 2019 Investor enthusiasm for commercial property in the UK has slumped further as sentiment swings towards France and Germany. Only 27 per cent of international professional real estate investors said the UK is their preferred market, down four per cent in the last 12 months as Brexit uncertainty continues to weigh on investor sentiment. Read more: [...]
Bovis expects half-year rise in profits despite Brexit uncertainty July 9, 2019 Bovis Homes looked to shrug off troubles in the property sector today after forecasting that it will report a significant improvement in profit for the first six months of 2019. The housebuilding giant said it delivered a total of 1,647 house completions in the six months to the end of June, rising from 1,580 during [...]
Habito launches its own range of mortgages after green light from regulator July 9, 2019 Online mortgage broker Habito has launched its own range of products as it looks to stake its claim in the mortgage market. Habito, which currently allows customers to search for loans from other providers, has now revamped its platform to offer its own range of mortgages. Read more: UK property market: Mortgage approvals dip from [...]
UK house prices surge 5.7 per cent in June July 5, 2019 UK house prices shrank by 0.3 per cent in June compared to the previous month, according to data released today. But the growth rate rocketed 5.7 per cent on an annual basis last month, according to Halifax’s latest house price index, to take the average UK house price to £237,110. Read more: UK house price [...]