London rents at record high as market hits ‘affordability ceiling’ January 26, 2024 The average price of rent in London has hit a record high of £2,631 per month, and is forecast to grow by three per cent more this year, a new report has found, but the market may hit an “affordability ceiling”. A study by property portal Rightmove said that this is just four pounds higher [...]
Revealed: The impact Gary Neville’s £400m landmark Manchester development is having January 25, 2024 Gary Neville's £400m landmark development dominated a city's office market in 2023, in the same way it will soon do with its skyline.
Workspace: London office provider’s chief to retire after 16 years at the helm January 25, 2024 Flexible office provider Workspace will kick off the recruitment process for a new chief executive, following the retirement of its current boss.
Higher-for-longer London rents and bumped-up property prices leaves Foxtons optimistic for 2024 January 25, 2024 Estate agents Foxtons has said rent hikes and demand for tenants to get on the property ladder helped drive its revenue to £147m, for the full year.
Wework dragged to court over refusal to give up lease on London Southbank office January 24, 2024 Embattled co-working space Wework is being dragged to court because it is refusing to forfeit the lease at one of its most profitable locations on London’s Southbank, according to reports. Almacantar, the property developer who oversees the building at 10 York Road, has been trying to kick the troubled American firm out since it filed [...]
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
Hundreds of affordable London homes in pipeline as part of £276m scheme January 23, 2024 A housing developer, owned by FTSE 250 firm Vistry, has bagged a £276m scheme to build 739 new homes in Colindale, North West London. Countryside Partnership was named as the preferred developer by the Greater London Authority (GLA) and the Mayor’s Office for Policing and Crime (MOPAC), who are bringing the scheme forward. Some 60 [...]
London landlord GPE sees strong leasing demand but CEO says planning regime ‘challenging’ January 23, 2024 One of central London's biggest listed landlords said it had delivered a "strong leasing quarter" but noted rising barriers in the market.
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with Morning Wire shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.
London office vacancy rates to rise in City, Wharf and West End amid Wework trouble January 22, 2024 London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.