What if all this interest rate pain brings no gain on inflation?
City comment: Most rate-setters don’t have mortgages. How hard it is to pay one might be passing them by.
Maybe a house price crash is just what our society needs
City Comment: Perhaps this shock to the market is overdue
Mortgage mayhem as 143 more deals pulled but worst may still be coming
More lenders may withdraw their deals by the end of the day
Mortgage mayhem goes on as two-year rates cross 6% threshold
It comes as Rishi Sunak this morning signalled there will not be any extra help given to people struggling with mortgage payments
Fears of fresh mortgage chaos as gilt yields top mini-Budget levels
The latest surge in yields to 4.8% was triggered by stronger than expected jobs data
Office landlord Workspace sees SMEs expanding in various London areas
Workspace owns buildings in various parts of London and has seen rental income jump
M&S’ Oxford Street proposal is just a generic office block
City Voices: The flagship M&S building should be refurbished instead of torn down, Simon Sturgis writes
Top landlord Grainger says it will reap the rewards of wage inflation
“There’s a strong correlation between wage inflation and net rental income,” its boss said
New 100% mortgage isn’t reckless — it’s what many London renters need
City comment: Skipton’s new deal might trigger flashbacks to Northern Rock in the Noughties, but look closely and you’ll see the differences
PurpleBricks aims to speed up sale as payment provider withholds funds
Once valued at £1.35 billion, PurpleBricks’ market capitalisation is now £6.7 million
Education institutions seek London space in boost for office market
Education institutions are currently searching for 492,000 sq ft of office space in London, according to Knight Frank
British Land gets green light for urban logistics hub in Paddington
Property developer British Land has secured planning consent for a 120,000 sq ft urban logistics hub serving central London
Reports of Oxford Street’s demise have been greatly exaggerated
City comment: “London’s high street” is getting its mojo back
Oxford Street rebound continues as Footasylum plans new flagship store
Footasylum will open a new 20,000 sq ft, two-storey shop at 73-89 Oxford Street
UK office occupancy hits highest level since lockdown
Occupancy picked up steam in the post-Easter period
HMV returns to iconic Oxford Street site — replacing a US candy shop
The company said the new opening marks “the latest sign of a dramatic turnaround” since 2019 when the shop closed
Fleet Street set to receive £5 billion makeover
Developments include a “Justice Quarter” with 18 court rooms
A Lidl in Knightsbridge? Discount supermarket eyes new London stores
Currently, Lidl’s Totternham Court Road shop is its only location within two-and-a-half miles of Charing Cross
Landlord files winding-up order against cult spin class SoulCycle
Cadogan Estates asked the courts to close down the luxury fitness chain’s London arm
HSBC could leave iconic Canary Wharf tower for Fleet Street
The banking giant is looking at an office on the same site as the Daily Express Building, according to reports
Why investors are putting retail properties in their shopping baskets
CBRE estimates £1.3 billion was spent on UK retail properties in the first three months of 2023
‘We need to be better,’ CEO of Peabody Trust says as merger closes
“We know we need to improve and have detailed plans to do so,” he said
TfL picks Barratt as partner on large new housing scheme in Acton
Barratt London will work with TfL to bring forward a site by Bollo Lane in Acton where up to 900 new homes are planned
Time Out’s failed London market plans cost £1 million
The media group scrapped its plans to build a market in Spitalfields last month
London housing association Network Homes enters merger talks
Combined entity would have income of more than £830 million per year
Dark clouds over construction sector despite wider GDP growth
The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market