UK house price growth slowed in October December 13, 2016 House price growth slowed in October, with prices increasing 6.9 per cent in the year, down from seven per cent growth in September. The UK average house price was £217,000 in October, up £14,000 annually, but unchanged from the previous month, according to the Office for National Statistics. Read more: Bellway boosted by Help to [...]
Bellway boosted by Help to Buy December 13, 2016 Bellway's share price was up two per cent this morning after the company said its sales grew by seven per cent, with reservations boosted by the government's Help to Buy scheme. The figures The housebuilder announced that its reservation rate was 176 per week for the 18 weeks from 1 August to 4 December, up from 165 per [...]
Donald Trump tweet about F-35 programme wipes billions off Lockheed Martin’s market value December 12, 2016 Lockheed Martin has become the latest victim of Donald Trump's rampant Twitter ranting and has lost billions off its market value in the process. The defence giant's stock fell 4.6 per cent on the New York Stock Exchange in early trade, down to $247.61, after the President-elect tweeted that the F-35 programme and its cost is "out [...]
UK House prices are on course to fall below £300,000 in December December 12, 2016 The UK's house prices are on course to fall below £300,000 in December – and house price growth is likely to weaken next year, new figures have shown. The Rightmove House Price Index showed prices are on course to fall 2.1 per cent in December, after a 1.1 per cent fall in November. That will put [...]
Asos is creating 1,500 new jobs at its Camden headquarters December 12, 2016 Asos has proven online fashion retail is still firmly en vogue – after it said it wants to create another 1,500 jobs at its Camden headquarters, and is taking another 40,000 sq ft to house them. The roles will stretch across disciplines including technology, marketing, content and retail, it said this morning. That means it [...]
Liberty House founder Sanjeev Gupta: How to be a 21st century industrialist December 12, 2016 Behind Sanjeev Gupta’s desk, a framed copy of Margaret Thatcher’s 1980 Conservative Party Conference “The lady’s not for turning” speech hangs on the wall. The speech was a key moment of her tenure, in which Thatcher laid out a refusal to u-turn on liberalising the economy. It is also an interesting choice of picture for [...]
London’s house prices had the UK’s lowest rate of annual growth last month December 12, 2016 Back in March, London was leading the UK's annual house price inflation, but the recent drop in prices and transactions in prime central property has led to annual change of just 0.1 per cent, meaning London's house prices had the lowest rate of annual growth in the country last month. For England and Wales as a whole, average [...]
Revealed: The “deeply worrying” decline of buy-to-let sales after the government’s “war on landlords” December 9, 2016 Sales of buy-to-let homes have plummeted more than half in the last 12 months, after the government launched a "war on landlords". Figures by estate agent Haart showed the number of properties sold as rental homes in England and Wales fell 63.7 per cent in the year to November, while the number of landlords registering [...]
Deutsche Boerse boss in warning over London Stock Exchange deal hurdles: “It is still not clear at all that everything will work out” December 9, 2016 The chief executive of Deutsche Boerse has warned “it is still not clear at all that everything will work out” in relation to the German company’s merger with the London Stock Exchange. The exchange operators, which agreed to the £21bn deal in March, are awaiting a statement of objections to the deal next week from [...]
Property market predictions 2017: From Brexit to tenant fee bans, we’ve asked London’s biggest real estate agents to look into their crystal balls December 8, 2016 2017 will see the rise of Build-to-Rent in London Mark Collins, chairman at CBRE Residential Throughout 2017, I hope that SME developers continue to be championed and encouraged by local government, as these housebuilders will play a major role in alleviating the housing crisis. Access to land and financial support as well as flexible planning systems [...]