Rents are up 2.6 per cent in the year to April – and the market could be heating up a lot more this summer May 27, 2016 Private rents in Great Britain were up 2.6 per cent in the year to April, according to data released today by the Office of National Statistics (ONS) – and the rental market could get a lot more heating over the summer months. Unsurprisingly, London was burdened with the largest rent inflation, with rents rising at a [...]
House prices are growing faster in Cambridge than in London May 27, 2016 If you've ever worried about getting on the housing ladder in London, spare a thought for the people of Cambridge. House prices in Britain's 20 biggest cities are showing double-digit growth in April – and prices in the commuter city of Cambridge are growing faster than in London. A report from Hometrack says that London house [...]
Sadiq Khan’s housing expert – a former senior adviser to Jeremy Corbyn – quits City Hall team May 27, 2016 Sadiq Khan was dealt an early blow to his mayorship this morning, as his housing expert – a former senior adviser to Jeremy Corbyn – has quit his team. Neale Coleman was appointed to help with Khan's first few months in power, but Coleman is said to have walked out on City Hall after the former [...]
Home sales to first-time buyers hit a two-year high in April as landlords fled from stamp duty charges May 27, 2016 Sales of properties to first-time buyers hit a two-year high in April after buy to let stamp duty changes scared off landlords looking to purchase a second home. There were 32,300 first-time buyer home sales in April, up from 28,100 in March – a rise of 14.9 per cent. The increase year-on-year was 37.4 per cent. The [...]
Multigenerational households are set to rise across the UK May 27, 2016 As house prices soar across the country, a report released today predicts that the UK could become a nation of multigenerational households. There has been a 52 per cent rise in house prices between 2005 and 2015, according to the report from Aviva. During the same period, there has been a 32 per cent increase [...]
Families pay £43,773 on homes that will get their children into the best schools May 26, 2016 It turns out that some state schools aren't fee-free at all: families looking to get their children into the best primary schools are paying a hefty premium to live in the right catchment area. Research released today shows that families shell out an average £43,773 to live within the catchment area of a primary school that [...]
Only one in four estate agents think Brexit would hit house prices May 26, 2016 Most estate agents are confident that the demand for housing in Britain is so strong that Brexit would fail to dampen it. New research out today shows that only one in four estate agents think demand would weaken in Britain votes to leave the EU in the June referendum. In the survey from National Association of [...]
See the stunning Dame Zaha Hadid-inspired design proposed for central London’s largest undeveloped site May 26, 2016 Yale students have put together a stunning design proposal for central London's largest undeveloped piece of land, Bishopsgate Goodsyard. During their project at Dame Zaha Hadid's final studio course at the Yale School of Architecture, students Lisa Albaugh, Benjamin Bourgoin, Jamie Edindjiklian, Roberto Jenkins and Justin Oh created their vision for a high density, mixed-use [...]
Discount retailer B&M posts high-end results after a record year of expansion May 26, 2016 Discount retailer B&M boasted strong preliminary results for the year today, after a year of record store openings. Group revenues were up 23.6 per cent, up to £2.04bn from £1.65bn. Pre-tax profits jumped to £154.5m, a rise of 150 per cent. The numbers come after a year of expansion for the retailer. The company opened 79 new stores across [...]
BHS blamed for the collapse of supplier as Pretty Polly tights firm goes into administration May 25, 2016 An iconic clothing firm that supplied BHS has gone into administration, blaming its collapse on the high street retailer. Courtaulds makes and supplies branded clothing, including Pretty Polly tights; its collapse will result in the loss of 350 jobs at the company. CUK Clothing, which merged with Courtaulds in 2006, also went into administration. Read more: The BHS brouhaha [...]
