London houses now cost 14 times average earnings November 25, 2016 The house price to earnings ratio in London is now over 14 times. According to figures from Hometrack, the widening gap between supply and demand in the capital has pushed house prices up by 86 per cent since 2009. Read more: People are pretty confident house prices rose this month This means the ratio between [...]
Regional property investment promises better returns than London in Brexit Britain November 24, 2016 Middle Eastern buyers are looking beyond London to invest in property, regional investor Palace Capital has said. With London becoming such an expensive place to buy, foreigners are eyeing up the regions to get better returns. Read more: Asian investors have spent £1.5bn on London property since the Brexit vote Palace Capital specialises in commercial [...]
Winner of the RIBA International Prize for Architecture is a university in Peru November 24, 2016 The winner of the inaugural RIBA International Prize for Architecture has gone to an engineering university in Peru. The UTEC building in Lima was priased by judges for being a shining example of merging form and function, with its brutalist design the perfect foil for the no-nonsense academic work that takes place inside. The judging panel praised [...]
Countrywide shares just hit an all-time low after it warned on its earnings November 24, 2016 As if Countrywide didn't have a bad enough day yesterday after Philip Hammond's decision to ditch letting fees, today shares in the UK's largest estate agent hit an all-time low following a decidedly downbeat assessment of the property market. In a statement this morning the company, which owns estate agent brands including Hamptons International and Bairstow [...]
Nic London says government planning procedures are impeding small housebuilders November 24, 2016 Figures released earlier this month show that nearly 200,000 homes were added to the housing stock in 2015-16 – a good start to delivering the 1m homes the government has pledged this parliament. But more needs to be done if we’re going to continue to build enough houses for our burgeoning population, and we will [...]
Stock market winners and losers after Autumn Statement: Estate agents hit after chancellor scraps letting fees November 23, 2016 Estate agents Foxtons, appear to have been the biggest losers from the Autumn Statement on the stock exchange today after chancellor Philip Hammond announced plans to scrap letting agents’ fees. Estate agents: losers Foxtons' share price fell 14 per cent to 105pon the day of the Autumn Statement. The estate agent’s shares were already down [...]
Estate agent and housebuilder shares are being demolished after the Autumn Statement November 23, 2016 Shares in some of the UK's biggest estate agents dived today ahead of the Autumn Statement, in which the chancellor is expected to scrap fees for letting agents. Foxtons' share price was down a whopping 14.8 per cent at 104.5p in mid-afternoon trading, after Philip Hammond scrapped letting agents' fees, saying landlords should pay instead. [...]
Architect Daniel Libeskind on returning to Poland to reshape its skyline, NYC’s World Trade Center masterplan, and President-elect Trump November 23, 2016 To Daniel Libeskind, architecture is a political act. Every building he creates is intertwined with a sense of place, culture and national identity. “Every project deserves a sensitivity to history, tradition, to something that isn’t completely visible to the naked eye, in terms of the spirit of the place,” he tells me. “There is no [...]
Soho House has unveiled an online interiors business – we catch up with Jayne Demuro, the brains behind the project November 23, 2016 If you’re one of the 30,000 people currently on a waiting list for membership of Soho House, there may be an easier way to bask in the studied cool of its private members’ clubs. The worldwide hospitality brand launched an online retail business this summer that aims to ‘bring the House home’. Your home, specifically. [...]
Claudio Silvestrin, architect to Kanye West and Calvin Klein, unveils his newest project in Hampstead, north London November 23, 2016 This brand new, ultra-contemporary mansion looks like it belongs in the sunny peaks of the Hollywood Hills. In fact, it’s nestled away in a quiet, exclusive corner of Hampstead, but its starry aesthetic is the creation of an award-winning architect who’s used to bringing the lavish home-stylings of the rich and famous to life. Claudio [...]