Blame Brexit: International investors shun prime London property May 23, 2016 The proportion of international buyers and sellers in London property fell in the first quarter of 2016, according to research released today, despite a fall in sterling making UK property relatively attractive. The effect was strongest in central London, but there has also been reduced activity in overseas nationals across the whole of London. The research [...]
Opinion: Rightmove’s housing index shows that London may have fallen, but it’s sunny in the Shires August 18, 2016 The latest housing index from Rightmove has caused a stir, revealing that prices have hit their lowest point since November and have dropped 1.2 per cent nationwide. Londoners in particular seem hardest hit with the average price falling 2.6 per cent. It’s very easy to put the entire blame on Brexit and increases in Stamp Duty, but [...]
UK house prices: Bovis Homes share price rises as it posts record profit January 15, 2016 Housebuilder Bovis Homes has ended the week on a high, with the announcement it made a record profit in 2015. Not surprisingly, the news sent shares up. The figures In a statement posted this morning, Bovis said it delivered 3,934 homes in 2015, eight per cent higher than in 2014. Average selling price increased seven per cent to £231,000. Private reservations increased by 10 per [...]
This is how the third runway at Heathrow will hit London house prices October 25, 2016 The government has given the go-ahead for the third runway, and if there's one group of people who won't be happy about it, it's the people living nearby. Estate agents eMoov think the decision could lead to a 20 per cent drop in house prices in the area due the noise and air pollution that the [...]
George Osborne’s Big Red Book is securing UK prosperity while Maoism gathers dust November 30, 2015 George Osborne set out last week how this government is fulfilling its manifesto promises: delivering financial security on the back of economic growth, and national security in an uncertain world. Coupled with plans to make markets work better for families and firms – like increasing competition so bills come down – he spoke to the [...]
HgCapital investment trust’s share price soars on rising revenue and earnings September 12, 2016 HgCapital Trust’s share price jumped five per cent today after reporting revenue and earnings growth. The figures The company, which gives investors exposure to private equity firm HgCapital's portfolio, reported revenue growth of 12 per cent in the first six months of the year. Earnings before interest, taxation, depreciation and amortisation (Ebitda), meanwhile, were up 22 [...]
Where’s the hardest place in England and Wales to get on the housing ladder? November 19, 2015 By now we’ve all heard – and heard again – how hard it is to get on the housing ladder. In the capital alone – where a generation has been priced out of the property market – one organisation has already said people should “just move out of London“. But just where in the country is it [...]
House purchase lending jumps to seven-year for October November 12, 2015 Mortgage lending reached its highest level for the month of October in seven years, new data released today shows, as low inflation rates and rising wages helped keep consumer confidence levels high. Overall house purchase lending approvals reached 72,409 in October, up by 5.1 per cent on the previous month and 21.9 per cent ahead [...]
UK’s rising population will support the housing market, says Moody’s November 2, 2015 The UK and Ireland’s expanding population combined with both countries’ housing supply shortage and “robust” economic growth will support demand and property prices, Moody’s Investors Service has said this morning. Moody's research comes amid warnings from UBS economists last week that London's property market is on the verge of bubble that could pop soon after [...]
A probe into Premier League broadcast rights has been dropped August 8, 2016 A major probe into the rights to air Premier League football on UK television has been dropped by the regulator. The two-year probe has been drawn to a close after Ofcom decided there was enough progress being made on making more games available to watch while football fans seemed largely happy. The investigation was first launched [...]