Format: News
Property price growth eases up in prime global cities
The rate of annual price growth in prime global cities has crumbled in the last two years, from +7% in Q3 2013 to just +1.9% in the year to September 2015, according to the latest Knight Frank Index.
New Chief Exec for McAlpine after management review
Construction giant Sir Robert McAlpine Ltd has reached outside of the family circle for a new Chief Executive fo, following a full-fat "review of the management and governance structure of the business."
Local councils forced to spend £450m ‘topping up’ planning fees
Stretched planning departments have had to be "topped up" to the tune of £450m over the last three years to cover the cost of processing planning applications, a new study has found.
Bubble Watch: London’s property market is approaching ‘exuberant’ critical value
Deutsche Bank recently called time on London's property boom, and UBS has named the capital as the most over-valued property market in the world, at severe risk of bubbling.
Russell Simpson ramps up lettings department
Long-standing Chelsea-based independent Russell Simpson has doubled the size of its lettings division with two new hires.
Cash Mob: Two out of five deals go to cash buyers – Hamptons
Across England and Wales, cash buyers accounted for two of every five transactions; a total of £420,000 cash deals were done in the year to March, with a combined value of £110bn.
Transaction slump deals a blow to Countrywide’s profits
Countrywide has reported an 11% yearly fall in pre-tax profits in the nine months to September, after the anticipated post-election recovery in transaction volumes "failed to materialise in any significant…
Digging Deep: Buyer bids £150k for unexcavated basement
A buyer has just shelled out £150k at auction for an unexcavated basement in London's Bloomsbury.
Engine rooms of South East and East leading UK house price growth
House prices in Greater London will end the year up 5.1% on an annual basis, Strutt & Parker has predicted, a rate of growth outstripped by the East of England (7.1%), the South East (5.
30% fewer buyers in PCL as price growth drops to six-year low
The number of new prospective buyers in prime central London was -30% down in the three months to September compared to the same period in 2014, says Knight Frank, as prices and transaction levels fall…
Sotheby’s teams up with Anderson Harris
High-end agency UK Sotheby's International Realty has signed an exclusive deal with property finance specialists Anderson Harris.
Prime central London rents drop as tenancies slide by 12%
The number of prime central London tenancies agreed in September was 12% lower than the same month in 2014, reports Knight Frank, as rental values dropped by 0.5% in October.