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Property
Business
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Demolition contracts were ‘rigged’ through ‘illegal cartel agreements’

Competition and Markets Authority uncovers ten construction firms colluded in practice

Business

Capital’s top housebuilder sees demand rebound but warns on supply

Flight from the capital by home buyers ‘has not materialised’

Business

Homeowners and buyers forced into property compromise

Yorkshire Building Society reveals a third of Britons feel trapped in unsuitable properties

Business

Countryside rejects ‘undervalued’ £1.5 billion sale offer

House builder’s CEO departed in January after lacklustre home sales

Business

John Lewis enters landlord space with build-to-rent London locations

West Ealing and Bromley will provide testbed for scheme in addition to Reading

Business

Shelter boss slams PM’s right-to-buy plans as ‘gimmick’

Move will put rapidly shrinking supply of social homes at ‘even greater risk’

Business

Norcros posts record revenues as homeowners upgrade properties

Business is confident of gaining market share even if cost of living softens market

Business

Berkeley appoints former Schroders head Dobson chairman

Replaces current chair Glyn Barker at property developer

Business

Workspace reaches £46.9m profit in offices surge

Business said it would take advantage of the opportunities presented by the Elizabeth line

Business News

London house price average hits £689,000

Property website Rightmove predicts a property price slowdown ‘later this year’

Business

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?

Business

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

Business

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

Business

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’

Business

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.

Business

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

Business

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.”

Business

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

Business

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

Business

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

Business

Bellway wards off housing slowdown fears with record completions

Some fear rising cost of living pressures could stifle the growth of the housing market

Business

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

Business

Dubai firm to spend £82m turn former Chelsea police station into flats

Chelsea police station was the branch where actor Sir John Gielgud was charged with “importuning” in 1953 after making a pass at an undercover policeman. It shut in 2013.

Business

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.

Business

£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

Property

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

Property

Investor spend on central London offices returns to pre-pandemic level

Investor spend on central London offices reached more than £11 billion in 2021

Property

ITV and Facebook among 10 biggest London office deals of 2021

Large London office deals continued in 2021 despite the pandemic, with companies seeking modern and new space for when employees are not WFH