Get rich quick: Why buying a luxury home near Crossrail could earn you lots of money February 26, 2015 No one who commutes into work on the Tube can have failed to have noticed the disruption that the construction of Crossrail is causing. With Tottenham Court Road station closed until December to build its new central London hub, you could be forgiven for thinking “is it all worth it?” Well, if you’ve got one [...]
London rents more than double UK average as high property prices lift sector demand March 29, 2015 Rents in London rose by eight per cent in February compared with the same month last year, as high property prices forced more people into the rented sector. For the UK as a whole, average rents increased by seven per cent in February compared with last year, figures released by estate agents Barnard Marcus show [...]
Why Canning Town’s Rathbone Market is the perfect first-time purchase March 26, 2015 The Rathbone Market development near Canning Town is releasing a collection of new contemporary Shared Ownership homes. The two-bed flats will be on the market for £345,000, with Notting Hill Housing Group offering to sell a share of 40 per cent (£138,000), making it affordable for anyone with a household income of £49,000 or higher. [...]
UK property prices: Three quarters of homes sold for less than their asking price in January February 26, 2015 Here's another sign the UK's property market is losing some of its pizzazz. A new study has found three quarters of homes sold for less than their asking price in January. That's 17 percentage points more than during the same period last year. The January housing market report, by the National Association of Estate Agents [...]
Kingfisher share price rises on plans to close 60 B&Q stores in UK and Ireland March 31, 2015 Kingfisher's profits fell last year despite an increase in sales, but plans to close 60 B&Q stores have sent shares up. The figures The DIY retailer, which owns B&Q among others, experienced a 2.9 per cent increase in sales last year, but its pre-tax profits fell 7.5 per cent to £675m. The figures, for the [...]
Investors toast dividend hike at Galliford Try February 18, 2015 GALLIFORD Try has hiked its dividend by almost 50 per cent as a recovery in its construction business and buoyant demand for new homes helped to boost sales and profits. Pre-tax profits rose 12 per cent to £42.5m in the first half of the year to 31 December compared with the same period last year, [...]
High St retailers propel FTSE 100 to a new high – London Report April 15, 2015 GAINS at High Street retailers pushed the FTSE100 to a new record high yesterday as Next, Dixons Carphone and Sports Direct all had good news to share. Dixons Carphone, the electricals and mobile phone retailer, was up two per cent after German mobile telephone company Drillisch agreed to buy the UK company’s chain of telecoms [...]
Mortgage loan slowdown may be at an end as house prices predicted to rise March 17, 2015 Mortgage lending dropped again in January, industry data showed yesterday, as the market continued to plateau. But economists think this weak spell could be at an end, with lending set to pick up across the rest of 2015. The month saw 22,400 home movers take out mortgages, according to the Council of Mortgage Lenders (CML), down [...]
Tidjane Thiam’s last Prudential results put spotlight on Asia while UK business lags May 6, 2015 Outgoing Prudential boss Tidjane Thiam yesterday said the company was no longer seeking to grow in the US and UK, and would instead focus on expanding in the Asian market. Thiam delivered his last set of results as the head of the insurance group, which detailed the firm’s 22nd consecutive quarter of growth. Sales across [...]
Balfour Beatty developing the Olympic Village March 2, 2015 BUILDER Balfour Beatty will move into property development with a deal to construct 1,500 homes at two new neighbourhoods at the Olympic Village site. Balfour has agreed to put in half of the equity required to complete the project – about £35m – and carry out the building work, which is expected to generate £400m [...]