Think tank IFS says Labour cannot bank on 50p tax rate to bring in more money April 28, 2015 Labour cannot bank on bringing more money into the public purse by reintroducing the 50p tax rate, according to new research from the Institute for Fiscal Studies (IFS). The independent research institute said yesterday that raising the additional rate of income tax for people earning more than £150,000 from 45 to 50 per cent [...]
London house prices still marching upward January 18, 2015 LONDON house prices are 0.9 per cent higher this month than in December. The price of a residential property in Greater London increased by £5,314 on the month, figures released today by online market Rightmove reveal. There was a large disparity between the monthly price change in outer London – where prices dipped 0.5 per [...]
City Moves for 07 December 2015 | Who’s switching jobs December 6, 2015 IG GROUP The online trading firm has named Peter Hetherington (pictured) as chief executive. He took on the role of interim chief exec in October, and has been a member of the IG board since 2002. JP MORGAN JP Morgan Asset Management Global Insurance Solutions (GIS) has appointed James Peagam as head of GIS. He [...]
London house prices: Prime central property prices will drop this year, but the cool-down won’t last long, says Savills October 15, 2015 The price of London’s prime property will decline in price this year on the back of last 2015's stamp duty reforms, but they will climb by a whopping 21.5 per cent over the next five years, an estate agent has predicted. Prime central London property prices, which average at around £5m, will drop two per cent this [...]
Savills: London house prices for the Capital’s most expensive properties have been dented by new stamp duty rules September 30, 2015 London's most expensive properties have been dented by strict new stamp duty rules, new research from upmarket estate agent Savills has shown, with prices in central London falling 4.6 per cent in September, compared with the same month last year. The heart bleeds… The research suggested new rules introduced in last year's Autumn Statement, which [...]
Property firm Grainger achieves sales growth despite electioneering building February 5, 2015 PROPERTY management firm Grainger said despite the good start to the year, the company expects the months leading up to the election to result in a softer market on home sales as uncertainty weighs on market sentiment. The company saw sales in the four months to the end of January increase by four per cent [...]
Former Charlton Athletic owners sued over failed promise to secure Greenwich Peninsula stadium development November 11, 2015 The former owners of Charlton Athletic have been sued over a failed promise to arrange a deal for the construction of a new stadium with an adjoining residential and commercial development on Greenwich Peninsula. LA-based property developer Darius Khakshouri is suing Tony Jimenez and Kevin Cash, who co-owned Charlton from 2011 to 2013, after providing [...]
Buy-to-let: It’s not all about capital growth March 17, 2015 The stability of rents against average incomes makes for an attractive proposition. The UK – and London in particular – has been the beneficiary of large inflows of global capital into property in the last few years. While most of these funds have flowed into commercial real estate, a growing proportion is being directed into [...]
Property firm LMSL teams up with crowdfunding platform to launch £9m east London bond September 8, 2015 A property investor is offering small retail investors the chance to buy a slice of east London property after launching a £9m mini-bond via crowdfunding platform CrowdBnk. LMSL Group, which owns 160 rental properties in east London worth around £52m, said it aims to raise at least £9m to plough back into the ongoing regeneration [...]
Countrywide blames housing market slowdown for profits warning as shares plunge November 4, 2015 Shares in Britain's biggest lettings and estate agency Countrywide have plunged more than 12 per cent this morning after the company issued a shock profits warning, blaming a slowdown in the housing market. The company, which owns estate agencies including Hamptons, Blundells and John D Wood, despite generally encouraging economic conditions, the pick-up in residential transactions it had anticipated following the [...]