The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]
Thinking around corners on UK rental market could transform life for the better June 1, 2021 With pubs and restaurants open across London once again, the capital’s young professionals can return to one of their favourite pastimes: gathering together over a drink to complain about the rental market. We all know the stereotypical ladder: you begin in a slightly shabby, probably shared flat, you move on to somewhere on your own [...]
What 175 years of data tell us about house price affordability in the UK March 29, 2021 What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
HSBC profits surge to $5.8bn on Covid-19 recovery hopes April 27, 2021 Banking giant HSBC this morning announced a surging pre-tax profit of $5.78bn (£4.16bn) for the first quarter, up from $3.21bn a year ago and well above an average analyst forecast of $3.35bn. Revenue, however, fell five per cent to $13bn in the three months to 30 March as low interest rates in its main markets [...]
Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]
Omicron pushing US Fed into action January 26, 2022 Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
DEBATE: Will a fall in house prices be good for young people? June 26, 2020 Will a fall in house prices be good for young people? Matthew Addison, chief executive at StepLadder, says YES. Given that we still aren’t building enough homes to satisfy demand as a nation, it is incredibly important for this finite supply to be allocated in a way that works equitably. This hasn’t been the experience [...]
FTSE 100 ends week lower as fears over US bond yields and housing market grow March 5, 2021 FTSE 100 ends week lower as fears over US bond yields and housing market grow
US mortgage applications hit 11-year high, homebuilding misses expectations June 17, 2020 Mortgage applications by Americans have hit their highest level since 2009 as people rush to take advantage of record low mortgage rates, but homebuilding in the US increased less than expected in May. Applications for a home loan in the US have surged over the past nine weeks after cratering in early April, according to [...]
UK housing market continues strong recovery as prices surge September 30, 2020 UK house prices rose by five per cent in September compared with a year previous according to the latest data from Nationwide. The building society said the annual rate of growth was at its highest in four years as the post-lockdown recovery continued. Its lending data revealed that there had been a 0.9 per cent [...]