Where do Londoners spend the largest share of their income on rent? New analysis from Labour mayoral candidate Sadiq Khan shows average rent now costs 62 per cent of average Londoner’s income January 12, 2016 The average London rent now eats up nearly two-thirds of an average Londoner's income, according to new research published today by Labour mayoral candidate Sadiq Khan. Khan's campaign team crunched numbers from the House of Commons Library to find that the average London rent now consumes 62 per cent of the average Londoner's pre-tax income, compared to [...]
Airbnb your house: Here’s how much Londoners could be making from the sharing economy July 13, 2016 The sharing economy is growing faster in Britain than anywhere else in Europe. As it has become more expensive to own cars, homes and even electrical equipment, more of us are seeing the advantages of monetising our idle assets. PwC estimates that transactions on platforms in the five biggest sharing economy sectors almost doubled in [...]
Camden crowdfund to expand brewing site February 9, 2015 CRAFT beer company Camden Town Brewery yesterday cracked open a £1.5m crowdfunding equity campaign to raise funds for a new brewing site. The fund, titled Hells Raiser says 100 jobs could come from the expansion. For £10 funders will get an equity certificate, with heftier sums getting beer-related rewards.
London property prices: Here’s how many houses have sold for £1m in the last five years – and where is seeing the biggest growth November 5, 2015 Here's a million-dollar question for you: how many £1m-houses does London have, and which boroughs are seeing the fastest growth? Over the past decade, nearly 54,000 £1m (or more) homes have been sold – and Kensington & Chelsea accounts for more than 10,000 – almost a fifth of the total. But this borough appears to be slowing – perhaps as [...]
Stereophonics and Overtones light up the City November 24, 2015 Christmas is officially one month away, and companies all over London have started getting the big guns out in time for their festive drinks gatherings and charity fundraisers. Boogying brokers from Aviate Global headed to Camden last night where the Stereophonics were on hand to entertain staff following a day of bumper fundraising for selected [...]
Mondo and Pact: A tale of two crowdfunds and why they both matter to the market March 23, 2016 Just weeks ago a startup named ‘Mondo’ became the latest company to smash a new crowdfunding record. Demand to pump cash into the mobile-first challenger bank was so high it crashed Crowdcube’s servers when its campaign to raise £1m was first launched. A few days later, with some extra computing power in place, it tried [...]
London parking prices: Councils are making a mint from parking charges December 7, 2015 Councils across the country are raking in £1.9m every single day from parking, with the London boroughs of Westminster, Kensington and Chelsea , Camden, Hammersmith and Fulham and Wandsworth pocketing more than anywhere else in the country. The four locations in the capital made £148m between them – more than £400,000 every single day – from parking charges and penalty notices, accounting for [...]
London rents cool off as tenant demand softens December 15, 2015 London rents dropped in November as the market was hit by a seasonal slowdown. Figures published this morning by peer-to-peer mortgage lender Landbay show rents dropping 0.6 per cent compared with October. The monthly drop took annual London rental growth down to 3.1 per cent in November from 4.3 per cent. The dip in rental [...]
Rightmove: London house prices beat the seasonal slump December 14, 2015 London asking prices have gone up 10 per cent in the last year, yet some experts are warning the market could run out of steam in 2016. Prices are down 0.5 per cent compared with last month, according to figures published by property website Rightmove this morning. The smallest December dip since 2008 took asking [...]
Idris Elba and PlayTech founder Teddy Sagi rock Gilgamesh in Camden February 4, 2015 The stars came out in Camden last night for a party thrown by PlayTech founder and Israeli billionaire Teddy Sagi. Star of The Wire Idris Elba was on hand in a natty beige trenchcoat to soak up the atmosphere and spin some tunes on the decks while Pixie Geldof followed in his footsteps to break [...]