Property

Grosvenor is the property company of the Duke of Westminster. It has made a large bet on flexible workplaces in order to meet West End tenants' post-Covid needs and increase returns. The group plans to double the size of its flexible…

It was a time when you felt that Foxtons, the London estate agency, owned London. In the noughties its distinctive dark green Mini Coopers with yellow trim were a common sight, zipping through Notting Hill or Clapham, while passengers…

The rapid increase in premiums for car, pet and home insurance has brought the government a windfall worth more than £8billion. HM Revenue & Customs reports that with one month remaining in the 2023-24 fiscal year, insurance tax…

Evergrande has been accused by the UK of inflating their revenues fraudulently by £62bn. Hui Ka Yan is the founder of the property giant Evergrande. According to the China Securities Regulatory Commission, Hui Ka Yan "instructed" other…

Savills boss claims that the commercial property market has suffered more in the last year than even during the global economic crisis. In 2023, the property agent's profit collapsed as he was no longer able to find work. Investors chose…

Persimmon warned investors that they should prepare for another "challenging year" as the company became the latest to announce a sharp drop in profits. The FTSE-100 listed developer, which is one of Britain's largest, has said that…

Adam Winslow is the new boss at Direct Line and he will be presenting some of his plans to turn around the troubled insurer. He must also fight off an Ageas takeover bid of £3.1 billion. The former Aviva executive joined Direct Line just…

Jeremy Hunt has cancelled plans for a scheme which would have allowed first-time home buyers to enter the housing market with a 1pc down payment, only days after it was revealed that the Treasury had considered the move. Treasury…

Skipton Building Society said that a pioneering mortgage product, which does not require borrowers to make a deposit, attracted applications totalling £62 million during its first nine-month period. Stuart Haire, 49 years old, a former…

The competition regulator will be launching a new investigation into eight of Britain's largest housebuilders amid fears that they may have been working together to limit supply and keep prices high. The Competition and Markets Authority…

Barratt Developments agreed to a £2.5 billion deal with Redrow. This will allow it to cement its position as one of the largest housebuilders in the country while also reducing costs by approximately £90 million. The tie-up, if approved…

Canary Wharf's office building, which fell into receivership in 2013, will be sold for 60 percent less than its previous sale price. This is a clear indication of the sharp decline in value of commercial property in London. Five…

As wholesale gas prices continue their decline despite the new global political turmoil, it is expected that household energy bills will fall by 16 percent or just under £300 per year starting in April. Since the Ukraine War, Europe has…

Muddy Waters, a hedge fund, is warning that Blackstone's New York-listed Mortgage Trust could run out of cash. Carson Block, , chief executive officer of Muddy Waters, revealed on Wednesday the company had started shorting its stock. He…

Signa Holding filed for bankruptcy on Wednesday. It is the central company of the vast property group, which owns the Chrysler Building in New York, most of the German department stores, and a part of Selfridges London. Due to the rapid…

Jeremy Hunt's Autumn Statement aimed to increase benefits, but landlords still face a £1,700 shortfall in new rentals to social tenants. Economists warn that the increase announced in housing benefit payments last week only covers a…

The property company British Land has seen its profits soar as a result of the rising rental rates, and the demand for retail and office space. However, the increasing interest rates have reduced the value of the portfolio by almost £200m.…