Brighten your home with Adam Nathaniel Furman’s colourful designs October 22, 2021 While Frieze may have hit your radar as the biggie collectors’ fair this month, there was a gallery-within-a-fair in west London that was a hotbed of exciting British talent at a fraction of Frieze prices. Beautifully handmade objects are often called “craft” but can also cross the boundary into art. The Future Heritage gallery at [...]
Country house market sees strongest annual growth since 2007 October 22, 2021 The annual rate of growth for country homes hit its highest level since the first quarter of 2007. The annual rate hit 10.6 per cent in September with real estate experts anticipating a cooling of the market following the end of the stamp duty holiday. Average price growth in the category was 2.1 per cent [...]
Bank of mum and dad finances half of all first-time buyer purchases as parents spend $10bn October 22, 2021 Nearly half of all first-time buyer housing transactions this year are being financed by the ‘bank of mum and dad’, according to a new property forecast, shared with City PM this afternoon. Total contributions from parents helping younger generations to buy a home are expected to reach £9.8bn in 2021, analysis from property group Savills [...]
Will the new ultra-low emission zone affect your house price? October 21, 2021 The signs are up, the maps have been published – it’s ULEZ time. On Monday, the expanded ultra-low emission zone kicks in, casting a warm glow of low emissions not just over Westminster, but every surrounding neighbourhood within the often-smelly, usually-congested north circular. According to one logistics company, this long-planned expansion may mean that getting [...]
Demand for e-commerce space to drive rental growth in London boroughs October 21, 2021 Dark kitchens and grocers could create 12m square foot of last mile logistics space requirements by 2025. Knight Frank has found that there will be an increasing need for spaces for same-day delivery firms, like Amazon, as well as ghost kitchens. A demand for urban logistics units has sharply driven down vacancy rates in urban [...]
House sales surged by more than two-thirds in September October 21, 2021 There were 160,950 residential transactions last month, considerably higher than last year, but the market is expected to slow following the stamp duty holiday stimulus. The provisional seasonally adjusted estimate of UK home transactions in September was up 68.4 per cent on September 2020, according to HMRC figures. There was a 67.5 per cent leap [...]
Global deal making frenzy lifts Barclays profits to record high October 21, 2021 Barlcays has ridden the wave of a booming global deal making frenzy to post its strongest ever third quarter results. The UK banking behemoth registered a pre-tax profit of £6.9bn in the year to the end of September, its best take ever. The standout performance was driven by Barclays’ investment banking division posting its best [...]
Online estate agencies face class action from former self employed workers October 20, 2021 Former self-employed workers are to launch class action against online estate agencies such as Purplebricks and Yopa. Contractors For Justice (C4J) has said it will commence proceedings on behalf of thousands of formerly self-employed local property experts, local agents and territory owners. Workers have been disadvantaged by companies choosing to hire self-employed workers but directing [...]
Segro hits £26m new headline rent in post-lockdown demand for space October 20, 2021 Warehouse developer Segro has reported £26m new headline rent signed during the last quarter. The total new headline rent for the nine months to September 30 2021 hit £64m, an increase on the £50m sum from the same period last year. In a trading update for July 1 to October 19, David Sleath, chief executive, [...]
Energy efficiency requirements may slow housing market October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]
