London

iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global

The group is repositioning itself to view its customers as international – not just from the markets in which it operates

Across the UK as a whole, RICS said new buyer enquiries improved in January, alongside agreed sales.

London’s house price slump to bottom out, RICS survey says

The monthly study is closely watched for indications of where the UK property market might be heading

Sales in overseas markets have been surging, becoming Pop Mart’s key growth driver.

Labubu maker Pop Mart sets up London hub for European push

The company will open 27 new stores in Europe in the coming year

The broader slump in the London market has prompted some desperate vendors to offer discounts of as much as 50 per cent over the past year.

Even London’s ever-optimistic brokers see gloom for luxury homes

Savills predicted that prices would drop 4% in 2025 – its most bearish call in years

Since 2019, almost four million sq ft of offices in the UK capital have been sold to investors who intend to convert them, data showed.

London’s vanishing office buildings are being replaced by hotels

Soaring inflation and higher interest rates following the pandemic are upending the city’s office market, and causing values to fall

The capital saw the third-fastest increase of UK towns and cities, trailing only behind Brighton and Worthing on the south coast.

London’s living standards rise twice as quickly as rest of UK

The country households have suffered dismal living standards growth in the past decade

Rental growth slowed across London last year, a shift some experts pinned on greater supply and prices that had become unaffordable to many residents.

Rent in London’s poshest postcodes down for the first time in four years

Rental values across prime London fall 0.6% year on year in December, according to data from LonRes

Apartments, which dominate the London market, have underperformed larger dwellings across the UK in relative terms by as much as half over the past decade.
COMMENTARY

London apartments are cheap – for a reason

[LONDON] London property prices have fallen 15 per cent in real terms over the past decade, with apartments 22 per cent cheaper and one in seven selling at a loss.

The slump in the London market has prompted some desperate vendors to offer discounts of as much as 50% over the past year.

London now most likely place to see homes sell at a loss in UK: report

Pricier ground leases, expensive service charges and tougher regulation for buy-to-let investors have weighed on the values of the UK capital’s apartments