Miscellanea
Property sector among hardest hit as UK business distress surges
The number of real estate & property services firms in ‘significant’ financial distress rose by nearly a third in Q3, reports insolvency firm.
London letting agency under fire over Chancellor’s rental mis-step
Rachel Reeves 'had not been made aware of the licensing requirement' when she rented-out her home in Southwark via a letting agency.
Industry Reactions: Mortgage approvals ticked up in September
Fresh Bank of England data suggest resilient housing market activity in the face of Budget speculation.
Charted: How luxury property project costs & trends have shifted in the last year
New research highlights a rise in homegrown UK clients & a move away from 'hyper-prime' design specifications
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
FCA takes over AML supervision
The move will 'ensure more consistent oversight' - including more collaboration with law enforcement.
Propertymark seeks industry views on significant home-buying reforms
Estate agency trade body is working up its response to government proposals for 'the biggest shakeup to the homebuying system in this country’s history'.
Borough by Borough: Charting short supply & rising prices in London’s housing market
CBRE's annual Borough by Borough report reveals a tapestry of local performance alongside over-arching trends shaping the capital's residential market.
Landmark flooding guidance outlines growing risks & responsibilities for property pros
The RICS has published a 'comprehensive overview' of flooding & its implications for property professionals at the same time as the government releases an 'action plan' to help protect more homes from…
Boutique agency mixes fashion & property at Belgravia open house
A top-end handbag collection was on show at a £10mn listing on Pont Street last week.
Historic Mayfair walkway reopens after 300 years
Motcomb Estates completes new link between Piccadilly and Shepherd Market as part of £1bn regen programme.
Londoners make an average £130k capital gain when selling their home
As Budget speculation mounts that CGT may be charged on some principal residences, Zoopla has checked official transaction records to see what gains various groups of home-sellers typically make.