London landlord Soho Estates swings to loss as commercial property values fall despite revenue jump December 28, 2023 The portfolio of central London property group Soho Estates dipped in value last year and dragged the firm to a loss even as revenues bounced back to pre-pandemic levels, accounts have revealed.
Race for space ending as Londoners stay put in boost for capital’s property market December 27, 2023 Overall, Londoners spent £28.7bn on countryside homes in 2023, down 41 per cent from £48.8bn in 2021
Why 2023 might mark the end of the ‘London exodus’ as house prices stabilise December 26, 2023 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index. Londoners collectively spent an estimated £28.7 billion on homes outside the capital this year, which was £11.7 billion less than in 2022, estate agent Hamptons found. It highlighted two factors at play in the market – the first [...]
Top three luxury homes to hope Santa brings you for Christmas December 23, 2023 A townhouse in Portland Place, a two-bedroom apartment in St John's Wood with swimming pool and a sprawling flat in Marylebone
London house prices continue to fall in boost for buyers December 22, 2023 House price growth in London continued to decline in December, with properties on the outskirts of the capital seeing the biggest falls, according to new analysis from Zoopla. Overall, annual London house price growth fell 1.5 per cent this month, with the average price tag of £536k. This is down from a 3.4 per cent [...]
Falling mortgage rates to provide support for house prices in 2024 December 21, 2023 Interest rates are expected to fall in the first half of next year after new figures showed that inflation dropped to 3.9 per cent in November, down sharply from 4.6 per cent the month before.
It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
Green light granted for Shepherds Bush redevelopment December 20, 2023 The owners of Shepherds Bush market have won planning permission for a major redevelopment of the 100 year old landmark.
London leads the way as UK house prices drop again December 20, 2023 House prices fell by 1.2 per cent in October, widening from the 0.6 per cent fall recorded in the prior month, according to the latest reading from the ONS. Buyers who purchased a home in October paid £3,000 less compared to customers in the exact same period last year. During the month the North East [...]
Home REIT offloads 80 properties in latest scramble to clear debt December 20, 2023 Home REIT, the beleaguered homeless accommodation fund, has sold a further 80 properties in the latest scramble to cut its debt. In a series of updates to the London market this morning, the scandal stricken property investor said that it offloaded the homes which represented 3.6 per cent of the company’s portfolio for over £16m. [...]