UK house price growth slows, but prices are five times average earnings December 4, 2014 House prices across the UK were up 8.2 per cent in the year to November, another month of slower growth after October's 8.8 per cent rise. The price to earnings ratio is ticking up, however, and has reached a multiplier of 5.02. Halifax’s house price index also showed quarterly prices up 0.7 per cent (slowing [...]
London property market: So you think you know Chelsea? July 24, 2014 Everyone thinks they know Chelsea. Even if you don’t live there, you have an idea of it. The term Sloane Ranger was used in the 80s to describe a certain breed of socialite that lingered around the King’s Road, and reality TV show Made in Chelsea has brought the stereotype back into the public eye. [...]
Thorntons’ share price collapses 25 per cent following profit warning December 23, 2014 Chocolate maker Thorntons has ended the year on a disappointing note, warning falling sales will hit the company's earnings for the full year. The company's share price slumped a whopping 25 per cent when the market opened. Thorntons announced its UK Fast Moving Consumer Goods (FMCG) division had faced "challenges" that hit sales performance in [...]
Persimmon says house demand is up across UK April 16, 2014 HOUSEBUILDER Persimmon said yesterday that demand for new houses continued to strengthen, helped by government intervention to help first-time buyers. Persimmon, which builds homes across the country apart from central London, said its new financial year had started well, with private sale rates per site up 25 per cent in the first 15 weeks of [...]
England to start march towards World Cup with victory over Wallabies November 27, 2014 AFTER months of careful planning, preparation, and fans’ anticipation, England’s Autumn Internationals all comes down to this. The Red Rose will run out at Twickenham tomorrow for the final time of 2014 to take on Australia, knowing that yet another defeat to a Southern Hemisphere side will cast serious doubt on their ability to emerge [...]
Full steam ahead at Nationwide as chief issues warning on housing market May 28, 2014 Nationwide has reported its best ever annual results, but has warned that the housing market may well start seeing a “natural correction”. “At some point buyers just start saying no”, said the mutual's chief executive, Graham Beale, to the BBC’s business editor Kamal Ahmed. The prognosis came as Nationwide reported that it opened 430,000 new [...]
Rightmove stays bullish despite cooling down of housing market November 6, 2014 Property website Rightmove yesterday said it had a confident outlook for the full year, as more agents and developers used its service to advertise despite signs of a cooling housing market. In a trading update for the four months to 31 October, Rightmove said its membership had grown two per cent since the first half [...]
How most Help to Buy homes are outside of London market March 24, 2014 THE government’s controversial Help to Buy scheme is being most used outside of London and the south east, fresh figures released yesterday show, following fears that it would lead to another bubble in house prices in the capital. Between the start of the policy in April and the end of 2013, 17,395 house purchases went [...]
Lambeth and Southwark are leading London’s housing boom April 10, 2014 SOUTH London is leading the housing boom in the capital and the UK as a whole, according to figures out today from LSL Property Services. Prices in Lambeth soared 31.5 per cent in the last year to an average of £551,662 in February. And Southwark was close behind with a 24.8 per cent jump to [...]
Property in London: Is it a safe asset? October 7, 2014 Base rate hikes and a strong pound will dent prices, says Yogi Dewan THE EASY money in property markets was made a long time ago. That said, real estate remains the ultimate safe haven for many investors, as they consider it to be a better alternative to investing in global equities, government bonds or other [...]