Housing is a business issue, and nowhere more so than in London February 1, 2024 Ask business leaders in private what’s bothering them and the usual list is predictable enough: the markets, performance, getting the right team in place. Recently, we’ve heard a new one feature in more than a few conversations: whether London can keep its edge as the place to be for their talented young staff. The capital [...]
Homes more affordable but borrowers stretched by rising mortgage costs August 23, 2023 The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures. Mortgage lender Halifax said this is down from a record high of 7.3 times average earnings last summer, when a UK home cost an average £293,586 and the average annual [...]
Mortgages: How the BoE’s twelfth consecutive rate rise will affect homeowners May 11, 2023 Homeowners on tracker mortgages could see their annual bills increase by £5,008 a year following the Bank of England’s twelfth consecutive rate rise on Thursday, though analysts have said the latest rise will not have a substantial impact on the housing market. The monetary policy committee (MPC) voted 7-2 in favour of raising borrowing costs [...]
Rising mortgage rates sends demand for homes down 18 per cent, new data shows July 28, 2023 Rising mortgage rates has reduced demand for homes by 18 per cent, Zoopla’s latest House Price Index revealed today. This weaker demand, coupled with rising supply, saw UK house price growth shrink to 0.6 per cent for June, down from 9.6 per cent for the same month last year. The estate agent said it expects [...]
London is a top global financial centre – but let’s not get complacent January 29, 2024 London may currently hold the top position in global finance hub ratings, but solid policy and reforms are urgently required, writes Chris Hayward
In a housing crisis it’s mad that millions of vacant offices cannot be turned into homes January 29, 2024 Planning regulations are preventing vacant offices from being turned into vitally-needed homes despite the housing crisis, writes Tyler Goodwin
Rothschild-backed private equity fund racks up £225m in funding July 29, 2024 An Edmond de Rothschild-backed fund run by Kennet has raised 266 million euros (£225m) to invest in software-as-a-service (SaaS) companies.
Higher interest rates tipped to accelerate UK house price decline in quiet week for City July 3, 2023 Higher interest rates are set to accelerate UK house prices’ decline, new figures in what will be a quiet week for markets are expected to reveal. Analysts at consultancy Oxford Economics reckon Halifax’s house price data on Friday will show they dropped 2.5 per cent over the last year and 0.1 per cent over the [...]
The big boys of the housing sector can’t be the only developers we rely on February 3, 2023 New housing policy from Westminster has been pretty much non-existent, but the market itself can enable more new homes to be built by looking outside of the top developers, writes Phil Hooper.
FTSE 100 close: London markets end week higher after boost from US GDP June 30, 2023 London markets closed the week higher on Friday after revised US growth figures showed the world’s largest economy was performing better than expected. The capital’s premier FTSE 100 index rose 0.91 per cent to 7,538.36 while the midcap FTSE 250 climbed 0.90 per cent to 18,434.23. Investors were buoyed by stronger than expected growth in [...]