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Property
<p>Demand for office space is again outstripping supply in the West End, but it is the opposite story everywhere else in London</p>
Business
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West End office demand bounces back, but rest of London lags behind

The amount of office space occupied in the West End increased by over 1 million sq ft in 2022

<p>Canary Wharf and the City of London skyline (Jonathan Brady/PA)</p>
Business

UK lab space demand to rise after Budget boost for life sciences

The life sciences sector last year signed for around 800,000 square feet of office and lab space in the golden triangle of London, Oxford and Cambridge

Business

London housing association Network Homes enters merger talks

Combined entity would have income of more than £830 million per year

Business

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

Business

Building contractors struggle to fill 2023 order books

Two surveys published on Monday showed a tough outlook for construction in 2023

Business

String of office pre-lets for Landsec in London’s Victoria

Property developer Landsec has agreed a number of office lettings at its latest development in central London

Business

Sales of £5 million-plus London mansions hit record high

Over 60% of second hand sales took place in traditional prime central London hotspots

Business

Vistry builds up profits as demand for affordable homes stays high

Vistry last year completed a £1.1 billion acquisition of Countryside Partnerships, which significantly increased its affordable homes division

Business

London office sales drop, but investors ready for deals

Just £3.4 billion was spent on central London offices in the six months to December, marking a big fall from the first half of 202 2

Business

Dawn of hybrid working sees firms hunt for fresh offices

City and West End lettings totalled around 10 million sq ft last year, 23% ahead of 2021 levels

Business

Barratt hit by fall in orders as sharp slowdown stalls building market

The UK’s largest housebuilder said it was pausing recruitment of new employees and introducing further controls for new site openings to manage working capital

Business

London records slowest rate of house price growth as values drop

Prices in the capital fell at their fastest rate since the start of the financial crisis

Business

John Lewis enters London rental market with £500 million joint venture

The move is part of the partnership’s ambition to build 10,000 new homes over the next decade

Business

Fixes improve but mortgage market remains scarred

City comment: Millions will continue to pay a heavy price for the disastrous Trussonomics experiment for years to come

Business

Value of Landsec’s City offices drops 10% as borrowing costs bite

Return to ultra-low interest rates unlikely, boss Mark Allan said

Business

Covent Garden property values drop 2% as market feels the heat

A slew of new brands are expected to move into the area in the coming months

Business

Average London rent reaches ‘extremes’ at £553 per week record high

Data from Foxtons unveils almost 30 applicants for each property as housing supply restricts

Business

Property demand high but prices set to cool, says OnTheMarket chief

Three quarters of active buyers in the UK were confident they would purchase a property in the next three months, according to the firm’s property sentiment data.

Business

London property crash reports are exaggerated…for now

The relaxed tone in the markets today suggest that fears of a collapse are less immediate

Business

Countryside accepts lower offer as housing market cools

In June, Countryside rejected an unsolicited offer from Inclusive Capital that valued the firm at £1.5 billion

Business

London house prices set to rise another £27,000 this year

The City of London will see a £41,519 jump in average property values, while prices in Camden will grow by £41,493

Business

Flight to suburbs and beyond now looks a bit bumpy

Londoners who searched for post-pandemic home counties good life may come unstuck

Business

Rich buyers will sustain London’s prime housing market, says Savills

The average price of a property sold by the group grew 16% to hit £2.2 million.

Business

Soho celebrity haunt the Groucho Club bought by developer Artfarm

Famous members have included Noel Gallagher, Lily Allen and Rachel Weisz

Business

Housebuilding boom continues as Bellway reports revenue leap

Completions increased 10.5% to a record 11,198 homes across year

Business

West End revival as fight grows for best office space

Banking and finance, media and tech and professional services most active sectors

Business

Death of the London office has been exaggerated, says Morgan Sindall

Overhauls track changing working patterns and a series of leases coming to an end in Canary Wharf

Business

Property crash? Not just yet and not in London

The property market may not be heading for a Nineties style wipe-out but a softer fall

Business

Taylor Wimpey profits rise as average private sale price hits £337,000

Shortage of conveyancers holds up completions in the wider industry as Taylor’s average private sale price hits £337,000

Business

London estate agent Chestertons appoints Ennis CEO

He replaces Guy Gittins who moved to rival Foxtons as boss

Business

Unite boss promises 24-hour staff presence after student death

Unite said it was confident of delivering accommodation occupancy of 97% in the next academic year

Business

House buyers will want price cuts for homes with poor energy ratings

The supply of rental homes could take a hit from government proposals to make landlords improve energy ratings

Business

First-time buyers face increasingly impossible housing ladder task

Rightmove says both new entrants and current renters ‘chasing a fast-moving’ property target