Blackstone abandons plans to offload former FCA HQ in latest blow for Canary Wharf February 14, 2024 Private equity firm Blackstone has abandoned plans to sell a 15-storey building in Canary Wharf in the latest signal that confidence in the east London financial district is dwindling.
UK and London house prices drop again but ‘affordability still a huge barrier’ February 14, 2024 House prices fell in December with the average price of a property now costing £285k – but it’s still hard to afford a home for lots of Britons. The figure, according to a new government release, is down £4,000 when compared to the exact same period the year before, but up from 2.3 per cent [...]
FTSE 100 today: London markets likely to open in the red amid global market rout February 14, 2024 Asian stocks fell in response to a Wall Street sell-off, while the U.S. dollar remained near three-month highs. Oil prices dropped, and Lyft shares retreated after a 60% surge. Investors are closely monitoring the UK CPI and Q4 euro area GDP.
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
Chamber of Commerce warns new Gove housing reforms could ‘squeeze out’ economic activity from the capital February 13, 2024 Levelling up and housing secretary Michael Gove has announced plans to drive more so-called 'brownfield' site developments in London.
Housing market reforms to come thick and fast as Rishi Sunak gears up for general election February 13, 2024 Prime Minister Rishi Sunak has a fight on his hands to regain the confidence of younger, aspiring homeowners (Photo credit: Stefan Rousseau/PA Wire)
More London mansions up for sale as billionaires go bankrupt February 12, 2024 A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
Printworks: Iconic London nightlife venue may return after fresh planning bid February 12, 2024 British Land, the commercial property owners behind Printworks, and AustralianSuper, a superannuation fund, plan to work with music and arts operator Broadwick to preserve the famous press halls.
Bellway optimistic on housing market despite slump in revenue and completions February 9, 2024 Bellway Homes is hoping the UK housing market will support a "recovery" year for its operations
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.