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 [...]
New homes on sale in London this weekend: from Elephant Park to private gardens designed by Andy Sturgeon May 11, 2016 Elephant Park, Elephant & Castle From £540,000 Studio to three bedroom apartments and penthouses have been released in the Highwood Gardens building. The release of 222 properties for sale is the latest chapter in Lend Lease’s Elephant Park development, which will build almost 2,500 new homes on 22 acres of land and create a new [...]
How a new wave of developers are using virtual reality and videogames to market their property February 24, 2016 When the iconic red-bricked turbine halls of south London’s Battersea Power Station first fell into dereliction more than 30 years ago, videogames were in their infancy. The primordial graphics technology of the 1980s could only produce a handful of colours and basic, blocky images, reproducing scenes no more visually complex than a single asteroid tumbling [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]