Westminster becomes first council to request higher retention of business rates for £409m investment programme February 15, 2017 Westminster council has become the first in the UK to urge the government to allow it to keep a higher proportion of its commercial property taxes. A conglomerate representing the West End has put in the application on behalf of the Westminster council and others, Morning Wire can reveal. The West End Partnership (WEP), which represents [...]
London boroughs ranked in order of house price growth (if you live in Hammersmith, look away now) February 14, 2017 Official data published this morning suggested UK house price growth has got its mojo back – but things are looking less encouraging in London, where growth fell to a weak (relatively speaking) 7.5 per cent in December. But analysis of the data by online estate agent Emoov suggests the story is not the same across the whole of [...]
It looks like UK house price growth is getting its mojo back February 14, 2017 Are house prices bouncing back from their Brexit blip? UK house price growth ticked up to 7.2 per cent in December, official figures showed today – the highest annual growth rate since August last year. The Office for National Statistics' (ONS) UK house price index showed the average price rose to just under £220,000 in [...]
This is how far house prices have shot up in the Trafalgar Square conservation area February 13, 2017 Trafalgar Square house prices have jumped in recent years as the tourist hot spot has become a hub of luxury residential development. Sale prices for houses in the Trafalgar Square conservation area have shot up by 33 per cent over the last three years, according to research by Beauchamp Estates. This means the area's house [...]
Rise of Technology, Media and Telecommunications sectors fuelling demand for high-quality office space February 13, 2017 | City Talk Fuelled by record demand for high-quality office space, a thriving visitor economy, international student appeal and an attractive quality of life, it’s no wonder Edinburgh attracts developer interest from around the globe. Edinburgh’s commercial property market remained buoyant in 2016. That strong performance followed an exceptional 2015, in which office deals were the highest on record [...]
Making housing more affordable is crucial if we’re to improve social mobility in London February 13, 2017 Canada Corporation announced last week that it will sponsor the Social Mobility Employers’ Index, a new initiative from the Social Mobility Foundation and Social Mobility Commission which ranks Britain’s top businesses on how open they are to accessing talent from all backgrounds. We are backing the Index with £70,000 of funding as [...]
The average house price in England and Wales has gone above £300,000 February 13, 2017 The average house price in England and Wales has gone over £300,000 for the first time. According to the Your Move house price index, house prices grew 3.1 per cent year-on-year across England and Wales in January, reaching an average of £300,169. However, this was less than half the house price growth (7.3 per cent) [...]
Property of the Week: “the flat with no paint” in Pimlico, a reclaimed and restored treasure February 10, 2017 Belgrave Road, Pimlico, £1m It’s quite rare for an entire Victorian terraced building in central London to be bought by one, small developer, but it’s even more unusual that all the buyers need to bring is their wardrobe. Each of the converted flats in this building on Belgrave Road, Pimlico, have been meticulously designed with [...]
Focus On Victoria: A £4bn investment in housing, retail and infrastructure is making it a destination in its own right February 10, 2017 If the Queen’s getting a £369m refurbishment of Buckingham Palace, it seems only fair that the neighbourhood surrounding it should get a polish, too. £4bn should just about cover it, and that’s how much has been invested in the area by developer Land Securities over the last five years. Around £700bn of that has gone [...]
Interiors: Floral patterns, big blooming flowers, wicker chairs and the colour green are on trend for spring 2017 February 10, 2017 Sometimes in life things are simple. If you want an instant update for your home this spring, just gather together the biggest bunch of assorted big blooms you can find, cut them down to spill over a huge clear vase with a splash of water, and Bob’s your uncle: exuberant, casual, fresh and floral. When [...]