UK has already hit ‘stage three’ of a property downturn
The PM is still extolling benefits of 95% mortgages turning generation rent to generation buy
Top of central London property market hit by foreign buyer no show
London estate agency Savills says prime buyer bounceback slower than expected
Demolition contracts were ‘rigged’ through ‘illegal cartel agreements’
Competition and Markets Authority uncovers ten construction firms colluded in practice
Capital’s top housebuilder sees demand rebound but warns on supply
Flight from the capital by home buyers ‘has not materialised’
Homeowners and buyers forced into property compromise
Yorkshire Building Society reveals a third of Britons feel trapped in unsuitable properties
Countryside rejects ‘undervalued’ £1.5 billion sale offer
House builder’s CEO departed in January after lacklustre home sales
John Lewis enters landlord space with build-to-rent London locations
West Ealing and Bromley will provide testbed for scheme in addition to Reading
Shelter boss slams PM’s right-to-buy plans as ‘gimmick’
Move will put rapidly shrinking supply of social homes at ‘even greater risk’
Norcros posts record revenues as homeowners upgrade properties
Business is confident of gaining market share even if cost of living softens market
London house price average hits £689,000
Property website Rightmove predicts a property price slowdown ‘later this year’
‘Frenzy’ in housing market as London prices hit new record high
The average price of a new home in London has risen by 1.9% in April to hit £677,11, according to Rightmove
Singapore buys £694 million Paddington stake
The city-state’s sovereign wealth fund is buying a majority stake in British Land’s Paddington development it bets on the revival of London offices
Canary Wharf 3.0: Paddle boarding, primary schools and jazz festivals
Best known for towering glass offices, the estate’s owners are trying to reinvent the East London area as a residential and arts hub with housing, sports and more. Will it succeed?
Housing affordability ‘extremely stretched’ as prices keep climbing
High interest rates, high property prices and a higher cost of living make buying a home an increasingly difficult prospect for many
Turning London’s office blocks green will cost £30bn, says Savills
Under proposed regulations all commercial office buildings will need to register an environmental performance certificate (EPC) by 2025
Canary Wharf announces £500m project to build life sciences skyscraper
The 22-storey high tower will take advantage of fast growth in the life science and biotech space and comes after the government last year published a 10-year plan to make the UK a ‘science superpower’
London rental platform Goodlord raises £27 million
The company, which supports 1 million landlords and tenants, will use the funding to bolster the services it offers and upskill staff.
Bellway warns of ‘significant’ costs from Gove’s cladding proposals
The house builder has already set aside £186 million to cover remediation work but may need much more
Loss of Russian buyers won’t hurt London property market, say Savills
“[Russian buyers] haven’t been a big part of the market for years,” Mark Ridley said. “They never were a massive part.”
Taylor Wimpey boss Peter Redfern bows out with £450 million return
Taylor Wimpey is paying a full-year dividend worth £324 million and has announced a share buyback of £150 million
Royal Docks set to get new £50 million build-to-rent development
Pontoon Reach will provide 42 affordable rent and 53 shared ownership homes managed by Peabody
Galliard Homes bets on Hong Kong property sales despite exodus
The developer is opening its first dedicated sales office in Hong Kong even as tens of thousands seek to move away from the city state
Bellway wards off housing slowdown fears with record completions
Some fear rising cost of living pressures could stifle the growth of the housing market
Strongest start to the year for UK house prices since 2005
Nationwide Building Society reveal 11.2% annual increase in January, the strongest start to the year for 17 years
Ex-WeWork Europe boss launches new flexible office startup in London
Aldgate Tower will be the first building to use the new company, which is launching a new flexible rental brand - Beyond - in partnership with building owner Brookfield Properties
Vistry CEO: House builders are ‘easy targets’ in cladding crisis
‘We share the government’s aim to get things moving for the leaseholders, I’m not sure we’re quite on the same page as the government as to who and how it should be paid for.
£1bn wiped off FTSE house builders as Gove delivers cladding bill
Persimmon sunk to the bottom of the FTSE 100 and Redrow dropped on the FTSE 250 as the government told the industry to stump up £4 billion to address the cladding crisis
UK house prices gained £24,500 in 2021, says Halifax
UK house prices rose again in December 2021 for the sixth month in a row, new data shows