Not using a selling agent? You could be missing out big time October 8, 2021 There really is no exact science when it comes to putting a price on a property. Ultimately, reality dictates that it is only worth what someone is willing to pay – something many agents overlook, or fail to communicate, when it comes to recommending the asking price. Since selling your home can be one of [...]
Property of the Week: Lancer Square, a shiny new development on the edge of Kensington Gardens October 8, 2021 At the Kensington High Street end of Kensington Church Street, Lancer Square, which has been in development for many years, saw its first residents move in this week. The show apartment is a four-bedroom, five-bathroom enclave on the fourth floor overlooking the development’s sunken garden, and I think I can safely say that £15m doesn’t [...]
A new app lets you invest in property from your phone October 8, 2021 We have become used to doing our banking and investing from our phones, so now a new financial-meets-lifestyle app is launching specifically for investment in the UK residential property sector. If you’ve had your eye on the buy-to-let market, but haven’t jumped, from next month you can build a property portfolio with a few clicks. [...]
Office provider Workspace welcomes office return as occupancy rates rise October 7, 2021 Office-space provider Workspace has said it experienced a strong pick-up in activity last month as the UK gained momentum for the office return. Customer demand improved in the second quarter with an an average of 935 enquiries and 138 lettings per month Like-for-like rent roll was up 2.1 per cent in the first six months [...]
Canary Wharf skyscraper faces uncertain future as China cracks down on builders October 6, 2021 Many development projects in London are in limbo as Beijing is cracking down on overleveraged firms and casting a pall of uncertainty on their ability to bankroll their ventures. Greenland, a major Chinese real estate developer which rushed to London in post-recession boom along with many others, is reportedly struggling to finish ‘Spire’, which when [...]
Interest in multi-million pound London homes picks up October 6, 2021 Home buyer interest in London’s market for homes listed at £2m and above has jumped 5.8 per cent. Interest in properties £10m and above rose 1.8 per cent in the third quarter, the Prime London Demand Index by estate agent Benham and Reeves showed. In the £2m and above market, Wandsworth in the city’s south-west [...]
Suburban and countryside rents outpace urban prices October 6, 2021 Asking rents in suburban and rural areas have soared over the course of the pandemic, compared to minimal growth in urban areas. Renters seeking homes further away from city centres had resulted in more residential areas jumping 11 per cent since the start of the Covid pandemic. Urban areas have marked a rise of just [...]
Sir Philip Green’s wife spent millions on London homes as BHS collapsed October 5, 2021 Sir Philip Green’s wife spent millions on London properties while thousands of employees working at now-collapsed BHS prepared to lose their jobs. Details of Lady Tina Green’s spending were laid bare in the ‘Pandora Papers – leaked offshore financial documents published by the BBC. Tina Green used a company located in the British Virgin Islands [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
UK has nearly 1,800 more streets with average house price of £1m than a year ago October 5, 2021 Britain counts nearly 1,800 more streets with an average house price of £1m or more compared to 12 months ago, according to fresh data shared with City PM this morning. At least 11,673 streets in September 2021 had an average property price of £1m pus, which was 1,782 more than the 9,891 million pound streets [...]
