London rents climb higher as affordability falls across the UK July 14, 2015 London rents increased in the three months ending June, new figures show, as housing affordability continues to decline. Average London rents were 4.5 per cent higher over the period compared with the same period last year, according to figures released today from Rightmove. UK rents excluding London climbed 4.2 per cent. Rightmove’s head of lettings [...]
Rising UK house prices: 31 is the average age for buying a first home, and it rarely happens without parental support June 14, 2015 The average age for Britons to buy their first homes is now 31, up from 28 in 1995 according to Halifax figures. Over the last 20 years properties have mostly trebled in value from around £61,500 to £196,000, and they are predicted to go up another 25 per cent over he next five years due [...]
Tata will start a formal sales process by Monday for its UK business after Javid hails “constructive and positive meeting” in Mumbai April 6, 2016 Indian steel giant Tata will kick off the formal sales process of the its UK business on Monday its been announced by business secretary Sajid Javid following emergency talks in India. Javid hailed the meeting as "constructive and positive". He yesterday held meetings with steel unions and the only party that's publicly expressed interest in Tata's Port Talbot steelworks, Liberty [...]
Budget 2016: Chancellor George Osborne throws weight behind Crossrail 2 and HS3 with more than £300m in transport spending March 15, 2016 Chancellor George Osborne will throw his weight behind Crossrail 2 and the HS3 rail project between Leeds and Manchester when he delivers the 2016 Budget tomorrow. Osborne will use the Budget to commit to more than £300m in new infrastructure spending, including £80m to fund the development of plans for Crossrail 2 and £60m to [...]
London house prices soaring above the rest of the UK with average cost now £498,000 May 19, 2015 House prices in the capital continue to outpace prices in the rest of the UK, according to the latest figures from the Office for National Statistics (ONS). London house prices were up 11.2 per cent in the year to March 2015, compared to a nationwide average of 9.6 per cent, according to the ONS house price [...]
UK House prices: Generation rent downbeat on buying outlook April 6, 2015 A generation of Britons still fear that they will never be able to buy a home despite the number of first-time buyers reaching a seven-year high in 2014, a survey reveals today. Some 79 per cent of 20- to 45-year-olds believe banks do not want to lend to first-time buyers, while 21 per cent think [...]
Housing market sees a burst of spring activity as valuations rise April 13, 2015 PROPERTY valuations in March have risen by their highest levels since 2007, according to surveyors. Valuations increased 36 per cent on the month and 42 per cent compared to last year, new figures released by estate agent Connells show. First time buyer valuations nearly matched the rest of the market, rising 33 per cent on [...]
Pensions under threat from Brexit July 6, 2016 Savers have faced the biggest shake-up to the pensions system in a generation under the watch of chancellor George Osborne. Many of the changes are controversial, and others have been announced yet not formalised. But Brexit has put a spanner in the works – as negotiations over a deal with Europe under a new Conservative leader [...]
Why are car-makers getting the cold shoulder from investors? Well, why not? May 3, 2016 What is the most unloved sector in the global equity market? First off, you might think of oil, which is beset by huge oversupply imbalances despite the recent bounce inspired in great part by bullish financial speculators. Possibly you might plump for banks, which are seeing their net interest margins scythed by increasingly desperate central bankers [...]
London is still the world’s most luxurious property market while Auckland is the “hottest” city according to Christie’s International Real Estate May 12, 2016 This may come as little surprise, but London has retained its title as the world's most luxurious property market for the fourth year in a row, according to Christie's International Real Estate. The capital topped the list of 100 cities surveyed, beating Hong Kong, New York, Los Angeles and Singapore to the real estate top [...]