UK house price lull could be over as lending picks up December 11, 2014 The recent slowdown in house price growth may have already ended, a new set of data shows. House price growth accelerated to 11.3 per cent in November from 11 per cent in October, according to figures released today by LSL property services. The growth rates were lifted by London and the south east. “After a [...]
House price growth slows but could be boosted by tax reform December 4, 2014 THE HOUSE price boom continued to cool in November, data from a UK mortgage provider shows. House prices climbed 8.2 per cent year-on-year in November, down from 8.8 per cent in October, figures released yesterday by Halifax show. Although still high, year-on-year house price growth has fallen for the past four months after peaking at 10.2 [...]
Autumn cooling for the capital’s housing market December 16, 2014 UK HOUSE price growth slowed in October, official figures revealed yesterday, with the cost of housing in London falling compared to earlier in the year. Prices in the capital were 1.9 per cent lower than in August, the Office for National Statistics (ONS) said. The average residential property in London still costs in excess of [...]
Pearson in talks to sell Economist Group stake after FT Group sale July 29, 2015 Publisher Pearson is said to be in talks to sell off its 50 per cent stake worth about £400m in the Economist Group to other shareholders. A source told the Financial Times that a deal should be wrapped up at some point this summer and potential buyers include families such as Schroders, the Cadburys and the [...]
London property focus on North Greenwich: Affordable homes by the riverside September 4, 2015 Fancy a night out in North Greenwich? No, not that one with the market, the chapels, the observatory and the ship. The other one with the O2 Arena and… not much else. It’s a hard sell, truth be told, so imagine how much harder it must be to convince someone to live there. Once a [...]
London drives frenzy of global property deals August 18, 2015 INVESTMENT activity in commercial property rose sharply in the first half of the year, new figures show, with cities, including London, New York and San Francisco, continuing to steal the spotlight. Global investment in commercial real estate reached $318bn (£204bn) at the end of June, 15 per cent higher than the same time last year, [...]
Help-to-buy sees high use October 30, 2014 JUST under 34,000 homes have been bought using the government’s Help-to-Buy scheme, requiring £1.42bn of loans from the Treasury. The scheme provides a loan to first-time buyers of new builds. The loan can be up to 20 per cent of the house price with only a five per cent deposit needed. The homes most commonly bought [...]
Gaucho steak restaurant deal on the table amid flurry of sales in industry July 19, 2015 The Gaucho chain of steak restaurants, popular with hungry City workers, is up for sale. Bankers at Canaccord Genuity have been hired to work on the sale, with private equity firm ICG and Dutch entrepreneur Zeev Godik hoping to raise up to £150m. The industry has been ripe for deals in recent times, with brands [...]
Lending decline points to cooler housing market November 11, 2014 LENDING to home buyers fell month-on-month in September, but remains substantially higher than a year ago. The number of loans to home buyers was 58,000 in September – seven per cent lower than in August – according to figures released by the Council of Mortgage Lenders yesterday. However, the figure is still 13.1 per cent [...]
Maximum excitement on the football July 30, 2015 TV VIEWERS should be in for a treat on Sunday – it has been seven years since the last goalless draw in the Community Shield. That came when Manchester United and Portsmouth met in the 2008 curtain-raiser. The previous nil-nil before that? When Tottenham and Arsenal clashed in 1991 and were the last teams to [...]