Hotel investments plunge to lowest level since 2012 as high costs bite January 8, 2024 Despite the slowdown, foreign investors continued to express interest in the market with 39 per cent of all deals involving overseas buyers, particularly in London
Wage growth has ‘passed its peak’ as Andrew Bailey prepares to address City on interest rates July 10, 2023 Workers returning to the jobs markets and boosting the volume of candidates available to businesses are poised to put a lid on wage growth, analysts are predicting official numbers this week will show. Pay growth is said to have “passed its peak” after raging for more than a year, fuelled by staff demanding wage increases [...]
Is the London Stock Exchange’s AIM in terminal decline? April 10, 2024 The number of firms listed on London's AIM has cratered 30 per cent from 1,104 to just 742 in the last 10 years. Why?
Build, Baby, Build: Will Labour be radical enough? June 20, 2024 Labour stands to win a whole host of rural and suburban seats and Starmer could face a battle with his own MPs to meet his housing targets. Yet the muddled thinking on display in his manifesto does not offer much reassurance that he’s prepared for the fight, says Will Cooling It is striking that as [...]
Prime London house prices languish at decade low as wealthy turn to renting March 19, 2024 Prime property prices in the capital have remained at 2014 levels, according to new data, while the market's rental segment sees a boost.
Retail sales stagnant in March despite improving prospects for UK economy April 19, 2024 A survey from Deloitte, released today, showed that consumer confidence had reached its highest level in two years.
FTSE 100 close: London flat after US jobs figures fuels Fed rate speculation August 7, 2023 London’s FTSE 100 opened the week in sluggish fashion as investors take in fears across the pond that the Fed could hike rates again. The capital’s premier blue chip index closed on 7,556.41 points, 0.11 per cent down, while the FTSE 250, which is more aligned with the domestic market, was also broadly flat on [...]
Property prices to smash through £300,000 mark by next month, industry expert predicts July 13, 2022 AVERAGE property prices will smash through the £300,000 mark by the end of the Summer, an expert said today. Latest data show that prices hit a record £294,845 – as rates rose at the fastest level in 18 years. Despite claims prices could be set to crash, Jonathan Rolande, from House Buy Fast, believes we [...]
Rents rise at slowest rate in nearly three years – but average hits £1,200 August 21, 2024 A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform July 31, 2024 Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.