Economic news

A stylish three-level house in a former warehouse literally hidden away behind Aria, a homeware and furniture store, is listed for sale. The property is located in the very heart of London – in the posh Islington district and was remodeled and renovated by Kennedy Twaddle Architects. The seller’s asking price is £3.4 million ($3...

Recent calculations by the developer Barratt London showed that the number of Indians who own real estate in the heart of the United Kingdom exceeded the number of English owners. These are mostly people that have lived in the country for several generations, followed by non-registered Indians, investors residing in other countries, students and...

London is the favorite investment location for Hong Kong construction companies and developers. For instance, CK Asset Holdings that belongs to the tycoon Li Ka-shing is building the Convoys Wharf Project worth 1 billion pounds in the southeast London. Knight Dragon Developments backed by the billionaire Henry Cheng Kar-shun is investing the same...

Experts from Radical Storage, a baggage storage provider, analyzed the data from 22.9 million reviews of 146,000 tourist landmarks and attractions on TripAdvisor. According to the results of this study, London ranked first by the number of free pastimes. Although the capital of the United Kingdom is deservedly considered to be one of the most...

Chinachem Group, a construction holding from Hong Kong, paid £158.5 million ($182 million) for the London office building rented by the developer of the popular short-video app. The modern Kaleidoscope skyscraper in the center of the capital has green & sustainable certifications and a 5,000-square-foot rooftop terrace. In March 2021,...

Investors from Middle East countries are growing increasingly interested in London real estate due to a favorable dirham-to-pound exchange rate. They are particularly enthusiastic about inexpensive properties in the capital’s outer areas where a higher return can be achieved. For instance, prices in Ridgeway Views in Mill Hill (a London...

The growth of house prices in London reached a six-year height in August. Prices in the country as a whole have followed suit. Halifax, one of the UK’s largest mortgage banks, reported that real estate prices rose by 0.4% over the past month after a 0.1% dip in July. As a result, the average home price reached a record-setting amount of...

Although the global political and economic forecasts are not exceedingly optimistic nowadays, the demand for London real estate remains consistently high. Investors have noticed a slight shift towards the buyer’s market over the past few months and consider it a profit-generating opportunity. For instance, Lembaga Tabung Haji, an Islamic...

Co-living is a model of non-family members living on the same premises together. Such an approach has been gaining steam and has lately considerably changed the life in London and the United Kingdom as a whole. This idea became even more popular due to the emergence of housing startups many of which offer affordable living quarters in apartments...

The real estate market of the United Kingdom slumped due to the risk of a no-deal Brexit after January 31, 2020. At the same time, the coronavirus started spreading around the planet, which was significantly affecting the economy because of lockdowns and a ban on cross-border travel. However, the market is now normalizing and again becoming...