Travis Perkins sells plumbing arm for £46m January 13, 2020 British builders’ merchant Travis Perkins has sold its plumbing and heating business to distribution group Newbury Investments for £46m. The sale comes just four months after Travis Perkins halted the sale of the unit, called Primaflow, blaming “unprecedented uncertainty”. Read more: Travis Perkins halts sale of plumbing unit amid uncertainty The deal, which the building [...]
UK housing stock hits record value of £7 trillion January 13, 2020 The UK’s housing stock has reached a record value of £7.39 trillion, according to the latest research. Total gains last year hit £101.8bn – growth of 1.4 per cent – and the value of housing across the UK has increased by £2.74 trillion in the last 10 years. Read more: New build homes drive UK [...]
Savills’ sales ‘resilient’ despite Brexit and Hong Kong protests January 13, 2020 Estate agent Savills said sales were resilient last year despite political uncertainty related to Brexit, adding that the UK market picked up following Boris Johnson’s election victory. In a trading update this morning the company said full-year results will be at the upper end of expectations following an “excellent performance” in the UK, growth in [...]
Property of the Week: This £20m Fulham mansion has The Hurlingham Club and a heliport on its doorstep January 10, 2020 Cinema, swimming pool, sauna, bar, wine storage. These are things most of us can only dream of having in our homes – but that’s what one super-rich buyer will be getting if they snap up Fulham mansion, New Lodge. New to the market with a jaw-dropping £20m price tag, the six-bed, six-bath home on Broomhouse [...]
History, views of Nelson and a speakeasy: Inside the new Great Scotland Yard Hotel January 10, 2020 To kick off the new year, a visit to the new Great Scotland Yard Hotel in Whitehall is a great way to see some of the emerging trends in the London design and going out scenes. It is the latest in a series of renovations of civic buildings (police stations, town halls, courthouses) into hotels, [...]
Home is where the heart is: how to revolutionise the house buying process January 9, 2020 For too many people, home ownership is a distant dream. In today’s Britain, only about 27 per cent of people aged 25 to 34 own their home — a huge dip compared to 1990, when ownership for this age group was 50 per cent, according to the Resolution Foundation. Sky-high property prices, the need to [...]
UK house prices jump in December January 8, 2020 UK house prices jumped in December as the General Election result “reignited” the property market, according to the latest figures. UK house prices increased four per cent year-on-year and rose 1.7 per cent compared to November – the biggest monthly increase seen in 2019. Read more: London house prices rose twice as fast as rest [...]
UK landlords prepare to sell due to tax increases and reforms January 8, 2020 A quarter of landlords are planning to exit the market this year, citing tax increases and government reforms as the main driving factors behind the decision to sell, a new survey has found. The survey of UK landlords found that 26 per cent were preparing to sell at least one property this year, partly due [...]
Gracechurch developer bangs drum for a city with a ‘bright future’ January 7, 2020 As an overseas investor in Canada, the election of the new Conservative majority government and the message it sends to people like me who are keen to invest in the UK economy is welcome. After three and half years of political turmoil, the UK can finally move forward as a country and [...]
London house prices rose twice as fast as the rest of UK in 2010s January 7, 2020 London house prices rose twice as fast as the UK average during the 2010s, a new report has shown, notching up a 66 per cent growth rate that was far faster than any other region. In the country as a whole, the average house price rose 33 per cent over the last decade as it [...]
