Strong overseas interest
Posted by: Titlesolv
The commercial property market in central London has continued to defy expectations of a Brexit downturn and remains an attractive prospect to many buyers.
Hanging tough
Posted by: Titlesolv
Concluded in late June, Theresa May's deal with the DUP for a 'confidence and supply' arrangement within the House of Commons has attempted to bring a degree of certainty to an otherwise uncertain climate. Following calls for the Prime Minister to resign after a very disappointing General Election result, it seems that Theresa May's position has been bolstered for the time being.
Proceed with caution
Posted by: Titlesolv
The recent Grade II listing of No.1 Poultry in the City, designed by James Stirling of Michael Wildford and Associates in the mid-1980s, provides a timely reminder of the significance of listed buildings and the risks associated with altering them. Described in the FT as "one of the last monuments of postmodernism", the building attracted controversy after concerns were raised about proposals to extend and change the principal facades of the building.
Battle of the basements
Posted by: Titlesolv
Increasing pressure for space in city centres, accompanied by the premium commanded by residential land, have resulted in numerous basement developments during the last 10 years. Unlike roof extensions, basement developments generally pose little or no risk of harm to the light amenity enjoyed by neighbours. Nevertheless, basement developments in residential areas can be highly controversial. Neighbours can react with alarm to the excavations and engineering operations required to create a basement, or the risk of structural damage to their property.
Remortgages rise post-Brexit
Posted by: Titlesolv
Figures published by the Bank of England in the summer confirmed the predicted slowdown in the property market and subsequent fall in mortgage applications following the Brexit vote. This was in addition to the stamp duty increase on buy-to-let properties in the last Budget. In contrast however, the popularity of remortgages grew; increasing by 6% from June to July this year.
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