House price growth plummets to lowest level in a decade as confidence and costs see off buyers March 1, 2023 House price growth has plummeted to its lowest in more than a decade as a cocktail of high borrowing costs, inflation and low confidence has deterred buyers. Properties dropped in value by -1.1 per cent year on year in February, according to Nationwide’s House Price Index, down from 1.1 per cent the previous month. This [...]
How Bitcoin and crypto could revolutionise the housing market February 23, 2023 While crypto currency like Bitcoin is too volatile an asset to be presetly useful for completing property transactions, there are myriad ways the technology could be applied to property purchases. Here are some ways crypto could change how he sees the future of property sales and how the blockchain could be at its heart. DOES [...]
Made.com is no more – where to buy furniture online in 2023 February 19, 2023 When Made.com launched in 2010 it seemed like a miracle of the furniture world, creating stylish, affordable pieces that you were as likely to find in the home of a student as you were an architect. Over the next decade it would become so popular its mid-century-inspired designs became the de facto aesthetic in offices [...]
Size doesn’t matter: Why the ‘race for space’ in London property is over February 17, 2023 The pandemic had some strange effects on the London housing market. Being cooped up made people realise the importance of having space, both indoor and outdoor, which led to the so-called “race for space” and a minor London exodus. More than 100,000 Londoners exited the city in 2021, many taking up homes in the surrounding [...]
London’s a hub for filming new TV shows and movies – but that could soon be over February 16, 2023 London is one of the most desirable filming locations on the planet – but its unique locationsare slowly vanishing, finds Adam Bloodworth Casual viewers tuning into Netflix to watch the latest season of You may have been surprised to see charming psychopath Joe Goldberg strolling through Kensington when new episodes dropped last week. Having swapped [...]
Double stamp duty surcharge for overseas buyers to ‘level’ UK property market for locals, urges lobby group February 13, 2023 The UK government should double the stamp duty surcharge overseas buyers must pay when purchasing a property in England, an industry lobby group has said. The National Association of Property Buyers (NAPB) said doubling the stamp duty surcharge would “level the playing field” amid an influx of “wealthy foreign buyers”. Under current rules, overseas buyers [...]
Home REIT’s top tenant looking to offload leases as cash troubles continue February 13, 2023 The biggest tenant of beleaguered property investor Home REIT is looking to offload its leases to other housing providers after warning it can no longer pay rent to the firm, Morning Wire has learned.
UK in the dark about real owners of £6.7bn worth of British properties February 7, 2023 The UK government is still in the dark about who owns tens of thousands of British properties, after thousands of offshore firms failed to comply with new transparency laws, which campaigners said exposes the UK property market to huge money-laundering risks. There are almost 52,000 properties in Britain, worth a combined sum of £6.7bn, that [...]
Private investors gear up for £2.4bn London office spending spree February 2, 2023 Private investors and ultra-high net worth individuals are expected to snap up London office assets worth £2.4bn this year, a figure which has jumped by 60 per cent in the past 12 months. According to research published by real estate agency Knight Frank, the cash rich investment group is expected to be in a strong [...]
PwC steps down from auditing heavily-indebted property developer Evergrande January 17, 2023 PwC has resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts. In a filing to the Hong Kong stock exchange, Evergrande said its board had decided to replace PwC as the company’s auditor after the two parties failed to reach an agreement [...]