Focus On St John’s Wood: Why the genteel life on offer in this north west London village has endured for over a hundred years October 5, 2018 The rapid gentrification of the grottier parts of London has dominated the capital’s housing chat over the last few years. Everyone loves a rags to riches story, but as boring as it sounds, there are some parts of London that have always been, well, lovely. St John’s Wood is one of those places, a north [...]
Buyer’s market: UK house prices post biggest fall since April as mortgage approval rates rise October 5, 2018 UK house prices saw their biggest fall in five months in September, while price increases compared to the same period in 2017 slowed to a three-month low. Figures from Halifax today showed the standard average house price in the UK fell to £225,995 in September, down from £229,284 the month before. This was also only [...]
Travelodge targets conferences centre attendees in £100m push to open new business-friendly hotels across the UK October 4, 2018 Travelodge is set to invest £100m in establishing new hotels aimed at the UK’s growing conference sector. The budget hotel chain said it would add 10 hotels close to conference centres to its portfolio. Read more: EU to decide on Radisson hotels sale to Jin Jiang in November It is targeting three locations in London and [...]
London office take-up climbs as Crossrail arrival and new hotspots fuel demand October 4, 2018 Demand for office space in Central London jumped in the third quarter of 2018, with take-up in the capital’s commercial property sector showing no sign of a slowdown in the run-up to Britain leaving the EU. Office take-up in the three months to the end of September hit 3.7m square foot, marking a six per [...]
Slippery slope for ski property as prices take a tumble despite record snowfall October 4, 2018 As Europe’s leading ski centres crank up their lifts ahead of the early-season starting later this month, new figures suggest some resorts on the Swiss alpine slopes are undergoing a property slump. Despite record levels of snowfall and growing investment in infrastructure, house prices across the Alps dipped 0.5 per cent over the last year, [...]
ONS: Housing affordability woes deepen as millennial homeowner figures drop October 4, 2018 The number of young people who own a home has tumbled by 10 per cent in the last decade, underlining fears that the UK’s property market is becoming increasingly unaffordable to a new generation of buyers. Compressed wages and rising house prices have contributed to the drop in the proportion of people between the ages of [...]
Slovakian developer HB Reavis launches its first London flexible workspace arm October 3, 2018 A Slovakian real estate developer with a growing UK portfolio has become the latest property heavyweight to enter London’s flexible office workspace market, after introducing its co-working brand into the capital this morning. HB Reavis is launching its ‘HubHub’ workspace label within its £30m offices at 20 Farringdon today, where it will occupy roughly 34,000 [...]
Great Portland Estates sells off £65m building home to Ottolenghi’s new restaurant October 3, 2018 A West End property block home to Yotam Ottolenghi’s new flagship restaurant was snapped up by an overseas investor for £65m today. Read more: Soho House boss says second Canada venue has not been ruled out Great Portland Estates (GPE), a FTSE property developer, sold off 55 Wells Street to an undisclosed foreign buyer [...]
Debate: Is the recent rule change for houses in multiple occupation (HMOs) fair on tenants? October 3, 2018 Debate: Is the recent rule change for houses in multiple occupation (HMOs) fair on tenants? YES – Dan Wilson Craw is the director at Generation Rent. Many people can only afford to rent in a shared house. But some landlords exploit their desperation for a place to sleep by cramming dozens of people into houses [...]
UK house prices show modest growth for September October 2, 2018 UK house prices grew two per cent year on year for September, according to new figures released today, but London house prices declined. Homes in the capital fell by less than one per cent compared to the same period of 2017, Nationwide reported today, against a fairly stable picture for the whole of the UK. [...]