Mansion House Speech 2015: Chancellor George Osborne will start government RBS sell off as soon as possible June 10, 2015 In his annual Mansion House Speech this evening, chancellor George Osborne announced that the government will begin to sell off its stake in the Royal Bank of Scotland (RBS), even is it is at a loss. He said a “decision point” had been reached, and that it was in the interest of taxpayers to [...]
General Election 2015: Tory election victory triggers London luxury property market surge as mansion tax fears dissolve May 10, 2015 In the hours after it became clear that the Tories had won a majority government at the general election, London estate agents reported a surge in luxury property sales as buyers' fears over Labour's proposed mansion tax were allayed. Over £100m worth of top-end central London property was sold on a frenzied Friday as estate [...]
Clarendon Works in Notting Hill: Inside W11’s quirkiest brick factory June 11, 2015 Discover the definition of industrial chic in a smart neighbourhood in Notting Hill. For tips on how to modernise industrial architecture in London, look no further than Clarendon Works. This Victorian brick-making factory is an iconic building in Notting Hill, with its cavernous proportions and red brick exterior. It’s also an impressively wide house, [...]
A quiet revolution in Saudi Arabia is unlikely good news – Animal Spirits June 18, 2015 Each month John Hulsman examines under-appreciated opportunities around the world, uncovering markets that it would be easy to overlook. Economics has never been the problem with Saudi Arabia. Investors have long eyed the petrokingdom as one of the world’s last-untapped frontier markets. Given its almost boundless energy riches, with GDP equalling $750bn, Riyadh amounts [...]
Eyeing property crowdfunding? The nuts and bolts of the new sector’s leading platforms June 17, 2015 In the space of half an hour, 126 people clubbed together to buy a house via a property crowdfunding platform last month. The £212,900 two-bed flat in Byfleet, a half-hour train journey from Waterloo, was listed on platform Property Partner. Founded this year, it counts Betfair co-founder Ed Wray as one of its backers [...]
City Moves for 17 July 2015 | Who’s switching jobs July 16, 2015 Marketform The Lloyd’s underwriter has announced the appointment of Alistair Marriott as joint deputy head of marine and class underwriter cargo. He joins from QBE, where he was cargo portfolio manager for the past 12 years. Allianz Global Investors The investment management firm has appointed Johnnie Barnett as director of UK institutional business development. He [...]
Your Move: London rental prices have soared 27pc under David Cameron April 22, 2015 Residential rents in London have far outstripped the rate of inflation under the current government, according to a new report out today. Rent in the capital increased by 27.4 per cent since the last General Election, according to the latest Buy-to-Let index from estate agents Your Move and Reeds Rains. Consumer Price Inflation (CPI) increased [...]
Mansion tax, shmansion tax: This £24m Notting Hill home sold just before the General Election May 29, 2015 Property types may have been worried about the looming spectre of a mansion tax during the run-up to the General Election – but that concern clearly didn't stretch to one billionaire buyer, who forked out £24m on a house in Notting Hill. An "unmodernised" end-of-terrace home on Kensington Park Gardens, which comes complete with eight [...]
Is this the future of property? Rob Ellice on why you should let your home online June 25, 2015 We ask Rob Ellice, CEO of easyProperty why it's a good idea to rent your home online. What would you say is the core business ethos behind easyProperty? easyProperty wants to make selling and letting properties as affordable, convenient and transparent as possible. We help landlords list their properties on the big online property portals [...]
Fed will update on US outlook – New York Report May 17, 2015 INVESTORS will watch for any change in the economic outlook from housing data and remarks by various Federal Reserve speakers this week, while retailers will take over on the earnings front as the first-quarter reporting season trickles to its end. The highlight comes at the end of the week with Fed chair Janet Yellen speaking [...]