Vistry: Mortgage rates buoy housebuilder as profits top expectations January 12, 2024 Housebuilder Vistry said it was “optimistic” on recent cuts to mortgage rates today as it revealed it topped profits expectations last year. In a trading update this morning, the FTSE 250 housebuilder said pre-tax profits for 2023 were ahead of its previous guidance and in line with last year at £418m. The group also slashed [...]
Four London pubs go up for sale – including the Ten Bells January 11, 2024 Four pubs run by East London Pub Co. have gone up for sale this week as cost-of-living pressures and work from home initiatives continue to take their toll on the capital’s bar scene. The Ten Bells in Spitalfields, The Saxon in Clapham, The Lock Tavern in Camden, and The Gun in Spitalfields are named as [...]
Priced out: London renters continue to look outside the capital for affordable housing January 11, 2024 The latest data from Rightmove shows some 45 per cent of Londoners enquired to leave the city last year, compared to 40 per cent in 2022.
Energy-inefficient properties could burn £370m hole in pockets of London businesses January 10, 2024 Some 11.9 million sq ft of energy inefficient stock is set to arrive on central London’s market over the next three years, burning a £370m hole in businesses pockets.
Persimmon: New home completions down a third as UK housebuilding woes continue January 10, 2024 High inflation and cost of raw materials has made it more expensive to build houses, while higher interest rates have suppressed demand for buyers.
Conde Nast sells Vogue House to shipping billionaire January 9, 2024 Conde Nast has sold its infamous Vogue House to an Israeli shipping billionaire.
Building materials supplier SIG warns of tough conditions as headwinds buffet construction market January 9, 2024 Housing supplier SIG rode out sluggish market conditions and expects to post profits at the upper end of its guidance, as investors hope for an upturn in fortunes this year. The firm said it expects revenues of almost £3bn in an update published this morning, with profit being between £50-55m, at the upper end of [...]
Rachel Reeves: Sir Howard Davies house price remarks ‘out of touch with reality’ January 5, 2024 Rachel Reeves has slammed Natwest chair Sir Howard Davies' comments on the property ladder, saying the City grandee is "out of touch" with the reality of millions of Brits.
Natwest chair says “it’s not that difficult” to buy a house. The data disagrees. January 5, 2024 House prices continue to outpace wage growth but Natwest chair Sir Howard Davies has told youngsters it's "not that difficult" to get on the ladder
Why the London property market will ‘underperform’ as UK house prices rise January 5, 2024 London house price growth will continue to “underperform” in comparison to the rest of the UK, property experts have predicted. Tom Bill, head of UK residential research at Knight Frank, said that buyers “struggling with affordability” will hinder recovery in the capital’s property market. “People were leaving to get more value during the pandemic..and I [...]