NSW Urges Ban on Strata Manager Commissions
The NSW productivity commissioner calls for an immediate ban on commissions for strata managers, citing conflicts of interest and rising costs for apartment owners.
Category : Property Market
Housebuilding Stocks Slump on Bellway's Iran War Warning
Bellway shares plummet 8% after CEO cites Iran conflict causing mortgage volatility, dragging down major UK housebuilders like Barratt and Persimmon in market turmoil.
Financial News Opens Nominations for Most Influential List
Financial News invites nominations for its annual Most Influential list, celebrating key figures shaping London's financial sector and global markets.
Council Firm's 106-Flat Plan Has No Affordable Homes
Havering Council's property company wants to build 106 flats in Romford with no affordable housing, potentially losing over £5 million. Councillors recommend approval despite opposition.
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Businesses to Reclaim £1.8bn in Rates Appeals
Government modelling reveals businesses are expected to claw back £1.8bn through successful appeals against new business rates valuations, with most refunds delayed for years.
Spring Sparks DIY Boom: UK Homeowners Focus on Quick Wins
New research reveals that 92% of UK homeowners plan DIY projects this spring, with garden tidying and patio cleaning as top tasks. The trend emphasizes manageable improvements for home upkeep.
Fantasy House Hunt: Homes with Uplifting Views
Explore unique homes for sale in England and Wales, from off-grid cottages to high-rise flats, all offering stunning views and escape opportunities.
Gilt Yields: The Hidden Driver of UK House Prices
James Sproule reveals how gilt yields, beyond supply and affordability, critically influence UK property prices, with recent shifts impacting rents and capital values significantly.
Asset Freeze in £1.3bn Mortgage Fraud Scandal
A worldwide asset freeze and travel ban have been imposed on Paresh Raja, founder of Market Financial Solutions, amid allegations of fraud and double pledging in high-end London property loans.
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London's New Affordable Commuter Towns Revealed
As remote work fades and office returns accelerate, London commuters are discovering fresh affordable havens beyond traditional hotspots. New research identifies towns with optimal travel times and housing prices.
RBA Hikes Cash Rate to 4.1%, Mortgage Costs Rise
The Reserve Bank of Australia has increased the cash rate target to 4.1% in a narrow split decision, putting pressure on household budgets with higher mortgage costs and soaring petrol prices.
London Luxury Market Flooded by Shadow Bank Collapse
The collapse of Market Financial Solutions has triggered the sale of hundreds of luxury properties in London's most exclusive neighborhoods, potentially straining the super prime market further amid declining demand.
London's Most Expensive Street 2026: £12.5M Average
Winnington Road in Barnet tops the list as London's priciest street for the second year, with average asking prices hitting £12.5 million, highlighting the capital's luxury property market.
UK Housing Costs Up 41% in 5 Years, Mortgage Interest Surges
Savills reports UK housing costs rose 41% over five years to £226bn, with mortgage interest payments jumping 9% in 2025. Borrowers face higher rates amid inflation fears.
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NSW Cracks Down on Property Underquoting with New Laws
New South Wales introduces legislation requiring price guides on all property listings and increasing fines for underquoting to $110,000, aiming to create a fairer real estate market.
Brent Cross Shopping Centre Announces Major Revamp
Brent Cross Shopping Centre is set for a massive transformation with 150 new shops and 50 restaurants as part of a £1.4 billion investment, with full plans to be unveiled this spring.
Couple Saves £40k in Year for £440k London Home
Mike Wooller and his partner Dave saved their entire £40,000 deposit during lockdown to purchase a converted hospital flat in Camberwell for £440,000. After renovations, they are now selling it for £525,000.
Hayes Offices to Be Replaced by 673 Homes, No Affordable Housing
Hillingdon Council approves demolition of Hayes offices and car park for up to 673 new homes, with tallest block at 11 storeys. No affordable housing included due to financial viability issues.
Dubai Attacks Drive Brits to London's £5,000-Weekly Luxury Rentals
Property experts report an influx of affluent Britons fleeing Dubai's drone attacks, seeking luxury London rentals at £5,000 per week in areas like Kensington and Chelsea.
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Camden Council Sets 20-Month Deadline for Flats Repair
Camden Council has intervened in a long-running dispute over luxury flats deemed 'worthless' due to structural issues, enforcing a 20-month deadline for repairs or rebuilding after a High Court ruling.
Iran War Hits Property Confidence, Inflation Fears Rise
Property developer Berkeley Group warns the Iran conflict is weighing heavily on market sentiment, potentially driving inflation higher and impacting housing transactions across London and beyond.
Victorian Homes for Sale: A Grand Tour Across England
From a merchant seaman's castle in Cumbria to a railway worker's cottage in York, explore unique Victorian properties with rich histories and character, priced from £550,000 to £1.25 million.
Esher: Surrey Town Where Homes Cost More Than London
The affluent Surrey commuter town of Esher boasts average property prices nearing £1 million, surpassing London's average. Known for its celebrity residents and exclusive amenities, Esher offers a luxurious suburban lifestyle just minutes from the capital
Savills Shares Slide 8% Amid Middle East War Impact
Property giant Savills sees shares fall nearly 8% as Iran conflict shakes investor confidence, while firm doubles down on Middle East investment plans and announces $1.1bn US acquisition.
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John Lewis Boss Demands Labour Keep Business Rates Reform Promise
John Lewis Partnership CEO Jason Tarry calls on the Labour government to deliver its manifesto commitment to overhaul business rates, highlighting the disproportionate burden on physical retailers versus online shops.
Savills Faces Middle East Impact Amid Iran War Fallout
Property giant Savills warns it's difficult to assess Middle East conflict impact while announcing major US acquisition and strong financial results despite market turbulence.
Lloyds' Homebuying Tasting Menu: Luxury vs Savings
Lloyds Bank launches an exclusive homebuying tasting menu, while private jets welcome pets and the Bank of England plans wildlife-themed banknotes. City gossip covers finance, lifestyle, and corporate news.
Housing Market Stalls as Iran War Sparks Mortgage Hikes
The UK housing market faces renewed volatility as the Iran conflict prompts banks to withdraw mortgage deals and raise rates, with buyer inquiries falling sharply in February according to RICS data.
Labor's Budget Reforms Target Property Market with Tax Changes
The Labor government's budget introduces capital gains tax adjustments and negative gearing reforms, aiming to address housing affordability while impacting investors and prices.
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Dubai's Economic Strength vs UK's Vulnerability in Crisis
Dubai's agile economy, driven by tax competitiveness and AI investment, proves resilient to Middle East conflict, while the UK faces stagnation due to regulatory uncertainty and low productivity.
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