Bank of England carefully monitoring rising house prices, says Cunliffe June 1, 2021 The Bank of England is carefully monitoring the rise in house prices which has been largely fuelled by the extension of the stamp duty holiday. A year ago activity in the housing market collapsed in the wake of the first lockdown with transactions dipping to a record low of 42,000 in April 2020. Since then [...]
Nine Elms: Two £10m ‘sky villas’ in London’s tallest residential tower to go on sale June 1, 2021 London’s tallest residential tower will begin selling apartments this week, starting from just under £1m for a one-bedroom flat. The 53-storey skyscraper, in the £3bn One Thames City development on Nine Elms, has two 3,900 square foot “sky villas” at the top of the building – which are looking to cost around £10m each. A [...]
Headhunting firm nabs Battersea space in vote of confidence for the office June 1, 2021 Perrett Laver has signed a 10-year lease on space at One Embassy Gardens in Battersea, in a vote of confidence for the office. The headhunting firm will take half of the ninth floor at One Embassy Gardens, covering some 5,800 sq ft. The company is moving from offices in Westminster, and will join tenants Penguin [...]
Grenfell group calls on government to remove combustible insulation from schools May 31, 2021 The campaign group of survivors and bereaved relatives from the Grenfell Tower disaster has said the Government must ensure that combustible material is removed from schools. The Guardian and The Times reported that combustible insulation has been used on dozens of schools since it was banned on tall buildings after the fire in west London [...]
Thousands of London renters may face homelessness as eviction ban ends today May 31, 2021 As a ban on bailiff-enforced rental sector evictions in England ends today, many private renters in London and across the country are worried about losing their home. The Joseph Rowntree Foundation warned this morning that about 400,000 renters have had eviction notices or been told to expect them. Moreover, a survey from Shelter found 22 [...]
Canadian firm votes for Canada with two property mega deals in pipeline May 30, 2021 Canadian private equity giant Brookfield is set to buy Canada property Plantation Place for a whopping £635m – the biggest office deal since Covid-19 changed working patterns and emptied offices. The deal is expected to complete this week, the Sunday Times first reported, with Brookfield also in separate talks to buy Milton Gate, [...]
Getting the housing industry to net zero will cost at least £5bn, industry leaders say May 28, 2021 In the push for a low-carbon future in the housing sector, renovating the UK’s draughty homes would cost the government £5bn over the next four years and create 100,000 jobs, industry leaders have estimated. The revamps would also cut people’s energy bills and lift tax revenue, leaders have written to ministers today, the Guardian reported [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
Broadgate developer British Land posts annual loss as pandemic wipes £2bn off portfolio May 26, 2021 British Land posted its third consecutive annual loss as empty shops and offices squeezed the valuation of its portfolio. The commercial landlord said the value of its portfolio fell 10.8 per cent from £11.1bn to £9.1bn in the year ended 31 March. It reported a pre-tax loss of £1.08bn compared with a loss of £1.11bn [...]
First-time buyers: Top 10 cheapest London boroughs to save for a house deposit whilst living at home May 26, 2021 As many as 1.25m couples live with their parents, with a fourth admitting they made the tough decision to move home in order to save for a house deposit. Less than a third of parents charge their child and partner rent, making the move back to the family home the perfect money-saving option for couples [...]
