What George Osborne’s Budget means for you: Five case studies including an entrepreneur, an apprentice and a chief exec March 16, 2016 Accountants from BDO ran the numbers for City A.M. to see the effect George Osborne's 2016 Budget will have on people with a variety of different incomes, living situations and responsibilities. THE BUSINESS WOMAN Catherine Gannon, chief executive at Gannons Commercial Law Gannons Commercial Law continues to perform well as profits and earnings increase on last year. [...]
City A.M. Awards 2015 Business Personality of the Year winner Tony Pidgley, the co-founder of the Berkeley Group has a true rags-to-riches tale November 26, 2015 When it comes to determining the key to his success in life, Tony Pidgley puts it down to a good dose of common sense, a splash of luck and the life lesson his first lorry taught him when he was 15 and the engine blew up. His main means of earning his keep – transporting [...]
Government’s starter homes programme won’t help London’s first-time buyers August 27, 2015 Londoners hoping to buy their first home will not get much help from the government, according to a new report out today. In the report, Shelter, the housing and homelessness charity, takes issue with the government’s affordable house building policies, saying its flagship “starter homes” programme will fail to help most first-time buyers. Prime Minister [...]
Property tech sector is battling inertia to shake up Britain’s housing industry December 8, 2015 The UK property technology sector has undeniably seen substantial growth over the past 18 months. In June last year, the property portal Zoopla listed for approximately £1bn. Since then we have seen the launch of a startup accelerator dedicated to early stage property businesses and a large amount of capital invested into young companies which [...]
The Big Short interview with director Adam McKay: “Outrage with banks comes naturally… they’re street hustlers” January 22, 2016 The Oscar-nominated director of financial film The Big Short, Adam McKay, wasn't afraid of throwing the cat among the pigeons when I caught up with him yesterday. On the eve of his latest film's release he launched a stinging attack on Wall Street, branding bankers “street hustlers” and labelling the SEC’s response to the crisis “disgusting”. [...]
UK house prices: Growing gulf between supply and demand is heating up the property market September 10, 2015 House prices could rocket even faster than previously forecast, as research reveals that accelerating demand for homes is coming up against a brick wall of scant supply. Prices are set to climb six per cent this year, the Royal Institution of Chartered Surveyors (RICS) said today, doubling the estimate it made at the start [...]
UK landlords hold onto property for longer: Average time to sell a rental home rises to 17 years August 23, 2015 Landlords are holding on to properties for longer than they were before the last recession, with the average time between a landlord buying and selling a property rising by five years since 2007, according to lettings giant Countrywide. The company, which runs 1,300 branches under 48 brands including Hamptons International, said that as well [...]
UK property: Britain’s struggling pub trade is yielding opportunities for supermarkets and residential developers August 25, 2015 The Grotto Inn on the top of Monument Hill in Weybridge was a thriving pub before falling on hard times three years ago. It was forced to call last orders after succumbing to competition from nearby bars and pubs and has lain empty since – its windows boarded up and beer taps gathering dust. [...]
Autumn Statement and Comprehensive Spending Review 2015: Housing set to dominate – as well as what time it starts, how to watch it and what will be in it November 25, 2015 Later today George Osborne will take to the despatch box to give his combined Autumn Statement and Comprehensive Spending Review. George Osborne has already tweeted the front cover of the document, saying it will "deliver economic and national security – the foundations of everything we do". Today's Spending Review will deliver economic and national security – the [...]
The cost of luxury homes in Nine Elms are being slashed to bargain prices September 9, 2015 Nine Elms may be one of London's most ambitious residential development projects in decades – but it seems the luxury homes being built in the area aren't as popular as anticipated, after figures showed half of the homes under construction or just completed the area were reduced in price before they were sold The research, [...]