Recently, there have been reports of Britain’s construction industry suffering from it’s ‘least optimistic’ period for five years, a slump that the reports put down to ‘fears over Brexit’ and ‘an economic slowdown’. However, the construction industry in London is still alive and well, and there are plans underway for the building of some truly awe-inspiring structures; created from a range of supplied concrete, steel & glass. One Merchant Square, Westminster Perhaps London’s most famous upcoming residential development, One Merchant...
New data which looks at seven key data sets surrounding property and living standards, has revealed London’s top selling points and where it is excelling in comparison to the rest of the UK. Research carried out by online home buying company We Buy Any Home looked at the key selling points of 26 UK cities to find out which city is the most desirable for buyers and offer the best conditions for sellers to get a good price. So how...
No matter where you live or the condition of your home, you’re bound to hear the odd noise from time to time. We’ll usually be most likely to hear floorboards creaking or the refrigerator humming when we’re trying to sleep, and while these are sounds that are perfectly normal, there are some noises that can indicate an underlying issue in the home. If you’ve been noticing some unusual sounds lately, take a look at the common causes for noises in...
The presence of top restaurants can indicate an area where everything, including property, comes at a premium. But new research highlights nine options for London homebuyers with affordable property prices and top local restaurants. Research by Emoov found foodie areas in the capital where property is still below the borough’s average for potential homebuyers looking to invest in property near great dining without breaking the bank. Not surprisingly, many of the areas are based in the Southern and Eastern corners...
It’s no secret that property in London is expensive, but when you flick through online estate agents for a laugh and spot a flat listed for £33.5million (not a typo), it stops being funny. I mean, sure, it’s a swanky 6-bed in Knightsbridge with all the trimmings, but I’m still coming to terms with the fact that even as a double-income-no-kids household, my partner and I can barely afford the mortgage on a tiny – sorry, minimalist - studio. Having...
Nearing the end of your lease? It could be worth contacting a cleaning service earlier than you planned to. Across the UK, around 29% of tenants lose part or all of their deposits every year, with average losses of £825 per renter. Collectively, lose deposits amount to over £1 billion per year -- a very large sum, even in the context of the property rental market. The figures are even worse for students and young renters, with four in 10...
With renting becoming the new norm for London’s millennials and the government continuing to fall far short of its self-made targets for new homes being built, what does the future of renting look like in the Capital over the next 12 months? Rents cooling down, but for how long? Despite fears that the rental market would overheat in 2017 given the continuing pressures on demand, prices actually held relatively stable. Figures from the Royal Institute of Chartered Surveyors (RICS) included...
A millionaire is holding a competition to give away his £2.3m mansion for £10.50 a ticket - complete with Rolls Royce, stocked wine cellar, gardener and housekeeper. The four-bedroom hideaway is surrounded by a ten acre landscaped garden, three-hole golf green, leisure complex with a pool and gym and a granny flat. The seller wants to walk away with just a handful of personal possessions - so is also chucking in all the furniture, hundreds of bottles of wine and...
As sterling stumbles, renting, rather than buying, is becoming an increasingly attractive option for those looking to live in the capital. We’re already aware that the millennial generation are doomed to never own their own home (particularly in London, where prices are 14.5 times the average income), but until the market picks back up, those who have their deposits ready and waiting are staying on the fence. Not to mention the fact that the comparative strength of other currencies is...
TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.
Read more
We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.
Editorial enquiries, please contact: [email protected]
Commercial enquiries, please contact: [email protected]
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy