Property withdrawals overtake sales for first time in two years August 12, 2018 More properties are being taken off the market than are being sold for the first time in two years, a new report has found. The findings show that in the second quarter of this year, 51 per cent of properties taken off the market were withdrawn from sale, compared with 49 of residences which were [...]
UK car production falls for third consecutive month in August September 27, 2018 UK car production declined for a third consecutive month in August by 13 per cent, due to model changes and maintenance shutdowns, the Society of Motor Manufacturers and Traders (SMMT) has said. Around 89,254 cars were produced last month. Domestic production fell by nearly 40 per cent while exports were down by 3.8 per cent to [...]
Autumn Budget 2017: Treasury understood not to be planning “radical” Budget October 16, 2017 Chancellor Philip Hammond might be coming under pressure to unveil a “radical” – and vote-winning – Budget, but anyone expecting “big, bold” announcements could yet be disappointed. Hammond, who has in the past said “fiscal” is the best word to describe him, is currently canvassing the opinion of hundreds of MPs and other groups, sifting through thousands of submissions [...]
New homes: What’s on sale this weekend, in Croydon, Highgate, Ealing and Uxbridge November 23, 2017 New developments on the market this week Westgate House, Ealing From £299,000 New homes are being added to this development in west London due to high demand. Developer Galliard Homes will apply next month to build two more floors on top of its building on Hangar Lane, a “growth zone” in Ealing. This would up [...]
Focus On Vauxhall: Donald Trump might not be keen on it, but international investors dig these skyscrapers south of the river February 2, 2018 Vauxhall got dragged through the mud by no less a figure than the President of the United States recently. The US Embassy’s much touted move to the “off location” was supposedly the reason behind Donald Trump’s cancelled visit to the UK, even though the new building has its own moat. Clearly, tech behemoth Apple didn’t [...]
UK mortgage lending is (almost) at its highest level since April 2008 September 26, 2017 Mortgage lending rose to its second highest level since April 2008 in August, new figures have shown. The figures, by UK Finance, showed total gross lending rose to £24.2bn in August, up 6.4 per cent from last month. The figure is the highest since March 2016, when an impending hike to stamp duty on buy [...]
Can you compare tulips to Bitcoins? Central banks think so November 28, 2017 “Bitcoin is a sort of tulip”. So said European Central Bank (ECB) Vice President Vitor Constancio in September. For many that might sound like an odd statement to make, but those that know their history – and specifically the history of the stock market – will instantly know what Mr Constancio is talking about. For [...]
New Homes: Our pick of the new builds and conversions going on sale in London this weekend November 30, 2018 New developments on the market this week Fitzroy Gate, Old Isleworth From £1.4m Why shouldn’t Christmas shopping include browsing for a new home? There’s a festive-themed open day tomorrow from 10am to 4pm at this seven acre development in south west London. There are three show homes to peruse and 39 Victorian and neo-Georgian style [...]
Housing crisis on Budget agenda as groups call for government borrowing to build in London and stamp duty abolition October 30, 2017 The government is being urged to consider major changes to its housing policy ahead of the Budget, ranging from abolishing stamp duty to allowing local authorities to build more homes. In its Budget submission to the Treasury the London Chamber of Commerce and Industry (LCCI) backed a call from chancellor Philip Hammond’s own colleagues to [...]
GCHQ shares eight ways to shop Black Friday sales without getting hacked November 23, 2018 The UK's online shoppers are "prime pickings" for hackers and targeted attacks this Black Friday weekend, British spy agency GCHQ has warned. As promotional offers begin to fill up the inboxes of buyers across the country today, the defence agency's National Cyber Security Centre (NCSC) has issued advice on how to tell the difference between genuine deals [...]