Mortgage lending rises sharply in September for the fourth month in a row October 22, 2015 The amount of mortgage lending to UK homebuyers jumped by 12 per cent in the year to September as rising employment and earnings growth helped keep confidence levels high. Gross mortgage lending reached £20bn in September, up from £17.8bn the same time last year and two per cent higher than August’s lending total of £19.7bn, [...]
Focus On Hackney Wick: Lack of homes and riverside cool is driving up prices on the edge of the Olympic Park January 25, 2016 With its disused warehouses and abandoned commercial buildings lining the banks of Regent’s Canal, a visit to Hackney Wick may not overwhelm you with its promise initially. But look a bit deeper into its property market and the potential of this industrial plain is clear to see. “Hackney Wick is one of east London’s most [...]
London property prices: Business bears the cost of the government’s housing failures October 20, 2015 London's housing crisis is a human tragedy. The London Poverty Profile, released today, shows that housing costs are the major driver of a big increase in the number of Londoners who are in work but still living in poverty. But the housing crisis is also an economic tragedy. It is damaging the competitiveness of businesses, [...]
UK house prices expected to rise again over next 12 months – Halifax October 6, 2015 A looming interest rate hike has failed to dent the outlook for house price growth in the UK. Halifax’s quarterly housing market survey revealed house price inflation is at nine per cent yet optimism remains high, with 68 per cent of Britons expecting average property prices to be higher in 12 months’ time and [...]
Where are the UK’s £1m houses? These London boroughs sold more £1m-homes than Scotland, Wales and the rest of the UK combined October 30, 2015 All but two of London's boroughs have had more £1m-houses sold so far this year than the whole of Scotland. From January to the end of August just two local authorities – Dagenham & Barking and Newham – have had no sales of £1m-homes, placing them in the same position as Scotland. But even when compared to Wales, where 14 [...]
Scotland house prices: Number of properties over £1m doubles, with over half based in Edinburgh October 24, 2015 Scotland is fast becoming a land of million-pound properties, with the number of homes selling for more than £1m doubling in the first half of this year. Figures from the Bank of Scotland show that from January to June, 111 properties went for this value or more, compared to 43 during the first half of [...]
London house prices: Property in the outer boroughs have proved to be the best investments in 2015. Can they keep it up? December 11, 2015 It’s not like London boroughs are in competition with each other, but if they were, then 2015 has really thrown up some interesting winners and losers in the property market. A new survey published this week by estate agent comparison website GetAgent.co.uk shows that the real success stories in terms of asking price growth and [...]
Profits jump through the roof at Barratt February 25, 2015 BARRATT chief executive Mark Clare said its £4bn spending spree on land over the past six years had paid off after house sales reached a new high and profits soared by 74.6 per cent in the first half of the year. The housebuilder said yesterday property sale completions reached 6,971 in the six months to [...]
G4S’s share price plummets as turnaround weighed down by surge in asylum seekers March 9, 2016 G4S' share price fell this morning after posting a drop in full year revenues and profit, after the outsourcer everyone loves to hate revealed restructuring costs and write-downs on onerous contracts relating to asylum seekers, as well as soaring debt. The figures Revenues on an actual basis fell 3.7 per cent from £6.89bn to £6.86bn in 2015, while profit [...]
Cantor Fitzgerald, Investec, UBS: Best of the Brokers for 03 December 2015 December 3, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Cantor Fitzgerald has remained a “seller” of Mothercare stock with a target price of 135p, despite the company more than doubling UK profits in the first half. It believes it will struggle to meet the lower end of management’s 2019 underlying pre-tax profit [...]