Altcoins join the party after Bitcoin sets new all-time high above $67k October 21, 2021 Bitcoin hit a high price of more than $67k yesterday, after a rapid breakout saw it climb almost $2k in minutes.
UK banks’ earnings season is tough one to call October 20, 2021 Wall Street’s biggest banks have reaped the rewards of a booming deal environment, the release of loan loss reserves and swelling deposits. Goldman Sachs, Bank of America and JPMorgan all flexed their muscles as they kicked off US earnings season last week. Now, it is the turn of their British pretenders, starting tomorrow with the [...]
Energy efficiency requirements may slow housing market – CityAM : CityAM October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]
Aggressive valuations: London home sellers overprice their properties by 40 per cent October 19, 2021 Home sellers across London are overpricing by as much as 40 per cent when it comes to the price at which they list their homes on the country’s major portals, versus the reality of what buyers will pay, according to new data shared with City A.M. this morning. The figures show that across Britain, the [...]
Government pushes UK households to ditch gas boilers with £450m upgrade scheme October 18, 2021 The government is encouraging households to swap fossil fuel boilers for low carbon alternatives with a £450m upgrade scheme. Households will now benefit from £5,000 government grants to install low carbon technologies such as a hydrogen-ready boiler or a heat pump. The grants will be available from next April, and will mean consumers will pay [...]
Clear as mud: EU hints at extension to City’s equivalence deal for euro-clearing October 18, 2021 The EU’s head of financial services yesterday hinted at a possible extension to the post-Brexit carry-over deal which allows banks from the bloc to access clearing houses in the City. Mairead McGuinness told the Financial Times that Brussels was minded to avoid a “cliff edge” situation and avoid market instability. “We have to make sure [...]
Weakening Chinese economy weighs on London markets October 18, 2021 A weakening Chinese economy weighed on London markets this morning as investor sentiment soured on concerns the global supply chain crisis will last longer than expected. The capital’s premier FTSE 100 edged down 0.12 per cent to 7,226.20 points during the opening session. China’s economy was dragged down by energy shortages, soaring commodity prices and [...]
No more new homes: housebuilding market will not recover before 2026 October 18, 2021 The UK housebuilding market will not recover until 2026, said property agent firm Savills. As reported by the Times, Savills has estimated that the volume of houses being built will not go back to pre-pandemic levels before five years and, even then, will still be 20 per cent less than the UK Government’s targets of [...]
Back to 2007: UK house prices rise for every region and buyer type October 18, 2021 It’s a full house for the UK home buying market, with property prices rising last month in every region of the UK, London included, and for buyer types ranging from first-timers to those at the wealthiest rungs of the property ladder. In London, the average property price hit £650,683, up another 1.9 per cent on [...]
Focus On: Peckham – A creative hub full of bars and restaurants October 15, 2021 A hotbed for creative professionals and an innovative cultural hub, South London’s Peckham offers stylish modern living with exceptional transport links and some of London’s hippest bars and restaurants. During the 1960s, Peckham underwent significant redevelopment, followed by additional regeneration programmes over subsequent decades, which have allowed the area to maintain its sense of community [...]