The number of people moving out of London has risen 80 per cent in five years July 24, 2017 The number of people leaving London has jumped more than 80 per cent in the past five years, with more than 93,000 people departing the capital last year, figures have suggested. Research by Savills shows the exodus is being led by those in their 30s, with the number of those between the ages of 30 [...]
The number of homes being bought and sold has fallen to its lowest since October July 21, 2017 Here’s another sign the UK’s housing market is beginning to suffer: the numbers of homes bought and sold have fallen to their lowest since October last year. On a seasonally adjusted basis, just under 97,000 homes were sold in June this year, down from 100,270 in May, figures from HM Revenue and Customs (HMRC) showed [...]
Focus On Woolwich: Crossrail, a huge regeneration project, cultural quarter and affordable housing in SE18 July 14, 2017 The West End, the Southbank, Shoreditch and now… Woolwich? Could this south east London suburb be the new place you head to on a Saturday night to soak up some culture? If it’s astronomical house price rises over the past five years are anything to go by, it could well be. In March, planning permission [...]
Could Melbourne’s house price boom derail its global city status? July 13, 2017 The latest version of the Schroders Global Cities index was published last month. The index uses a number of factors to identify the most economically vibrant cities. Melbourne was ranked 8th. This post from the Global Cities blog focuses on the city’s outlook… As we found on our recent visit, Melbourne boasts an enviable wealth [...]
No let-up in falling London house prices, says Royal Institution of Chartered Surveyors (RICS) July 13, 2017 There has been “no real easing” in the pace of decline of London house prices, a survey has suggested, with 45 per cent of chartered surveyors in the capital saying they observed a fall in prices in the past three months. The Royal Institution of Chartered Surveyors (RICS) said stamp duty, Brexit and the political [...]
The Little Big Short: Subprime car loans could be fuelling the next financial crash July 11, 2017 Lenders are forgetting the lessons of the past. Those are the words of Mark Carney on the rapid growth of the car finance industry. It’s a decade since the financial crisis brought institutions around the world to their knees, triggered by a meltdown in subprime mortgages. Yet here we are again – the only [...]
Fashion technology startup Metail raises £10m from Hong Kong’s TAL to become “Google of size and shape” July 9, 2017 A tech startup which offers retailers technology that lets online shoppers try items on virtually, and wants to become the “Google of size and shape”, has bagged millions of pounds in fresh funding from investors. Metail has raised a £10m series B led by TAL, a Hong Kong-based apparel manufacturer, bringing total cash ploughed into [...]
American investment in London property is at an all time high due to the fall in sterling. But what are they buying and where? July 7, 2017 Earlier this week, US citizens all over the world were celebrating Independence Day, yet for the first time in a long time, many of them had one eye on the fireworks and another across the Atlantic on the bargains to be had back in the Old Country. Following the fall in the pound due to [...]
An analyst has worked out what happens to London house prices under three scary political scenarios July 4, 2017 Politics: it's been decidedly unpredictable in recent years. Not surprisingly, the resulting uncertainty has led to homeowners taking a moment to consider whether now is the best time to buy or sell. Now an analyst at UBS Wealth Management has confronted three of property owners' scariest political nightmares head-on, working out exactly what would happen [...]
FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]