First time buyers: Homes in London 26 per cent cheaper but affordability remains an issue February 22, 2024 First time buyers in London are spending 26 per cent below the UK market average, but the majority of buyers are struggling with affordability. According to a new report by Zoopla, the average cost of a first time property in London is £399k, which is around £140k cheaper than a typical home would cost in [...]
‘Look at America’: Why this delisted money manager is calling for faster City reform April 29, 2024 Government efforts to save the London Stock Exchange are “too small” and listed firms are being hamstrung by unnecessary red tape in the market, the boss of newly de-listed asset manager Gresham House has warned.
Losses neared £70m at group behind kitchen maker Magnet due to cost-of-living crisis February 28, 2024 Almost £70m was lost by the group behind kitchen maker Magnet after being hit by "unprecedented" inflation, "elevated" energy prices and "notably subdued markets" due to the cost-of-living crisis.
‘Deepening crisis: London house building craters as UK pipeline at lowest since records began June 11, 2024 England's house building pipeline is at the lowest level since records began 17 years ago, as fresh pressure is piled on government parties to mend a “deepening housing crisis”.
Stamp duty holiday: Sunak confirms three-month property tax break extension March 3, 2021 Chancellor Rishi Sunak has this afternoon confirmed that the government will extend the stamp duty holiday for a further three months. Speaking in the House of Commons today as he announced the latest budget, Sunak said the holiday will be extended in full until 30 June, with a tapered end until the end of September. [...]
Forterra: Brick maker issues General Election warning as sales and profits slashed March 26, 2024 Revenue fell by more than £100m at Forterra, which is one of Britain’s biggest brick makers, as its profits were slashed in 2023, it has been revealed.
Industry welcomes Labour plans to win over first-time buyers with housing reforms June 13, 2024 Opposition party Labour has promised a major reform to housing, if it wins the next general election, including support for first time buyers.
House price growth faces ‘significant drag’ from rate rises but London remains ‘buoyant’ June 30, 2023 House price growth may face “significant drag” from high interest rates as fresh figures show they remained relatively stable in June despite yearly growth being negative. The latest Nationwide House Price Index show house prices remained broadly flat in June, but down 2.5 per cent compared to last year, owing in part to 13 successive [...]
London’s housing crisis is acute, but it’s a symptom of global policy failure January 15, 2024 Housing policy has failed on a global scale, it's time to address the core of the issue, writes Maimunah Mohd Sharif.
Gresham House to be taken private in £470m deal with US-based Searchlight Capital July 17, 2023 Gresham House will become the latest UK-listed firm to be taken private after agreeing a £470m deal with US-based private equity company Searchlight Capital. Shareholders in the AIM-listed fund manager, which invests in assets such as forestry and solar farms, will receive 1,105p per share, a premium of 63 per cent to its closing price [...]