Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
Foxtons calls in Rothschild as pressure to sell mounts April 14, 2024 Estate agent Foxtons has hired merger and acquisition bankers from Rothschild amid growing pressure from its shareholders to sell itself for £160m by the end of the year.
Property transactions fall in May as end of stamp duty holiday cools market June 22, 2021 UK residential property transactions fell in May, with buying and selling in the coming months likely to reduce further as the stamp duty holiday ends. There were 114,940 residential property transactions in May, according to ONS figures, some 3.9 per cent lower than in April 2021. House prices have boomed in the last year due [...]
Nationwide: House prices fell nearly 2 per cent in 2023 as higher mortgage costs bite December 29, 2023 House prices in the UK fell 1.8 per cent over the course of 2023, according to the latest data from the Nationwide House Price Index.
Now private investigators involved in never-ending sale of Daily Telegraph: reports June 23, 2024 Although the Barclays technically still own the newspaper group, it is controlled by a group of independent directors.
Porsche 911 Turbo celebrates 50 years with retro special edition August 20, 2024 After 60 years of the Porsche 911 in 2023, this year sees the flagship 911 Turbo celebrate its 50th anniversary. And the folk in Stuttgart have not let the occasion pass unnoticed. Porsche announced the aptly-named 911 Turbo 50 Years edition at the glamorous Monterey Car Week in California. Production will be limited to 1,974 [...]
Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.
Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
‘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”.
Proportion of home owners in UK rises slightly but average first-time buyer age remains high February 1, 2019 The number of people in England that own a home has increased slightly in the last financial year, according to the annual English Housing Survey. The report, published by the government, shows that 64 per cent of people owned a house in 2017-18, one per cent up on the data from the year before. However [...]