House price growth falls to its lowest since October 2015 as stamp duty changes take their toll June 1, 2016 Have George Osborne's changes to house prices had their desired effect? House price growth fell in May, to its lowest since October last year – suggesting things could be about to look up for those struggling to move up the property ladder. Nationwide's House Price Index showed prices rose 1.3 per cent to £204,368 in the [...]
Bellway shrugs off Brexit uncertainty as it’s boosted by London Help to Buy – but shares drop on house price report June 9, 2016 It seems reports of the death of the housing market are greatly exaggerated, after housebuilder Bellway reported the market continued to be "robust". The figures Completions were expected to rise 10 per cent in the full year to the end of July, while sales increased eight per cent to 196 per week , up from 182 per week in 2015. Bellway said it [...]
House sales forecast to stay flat as buyer interest drops for first time in over a year – RICS May 12, 2016 Interest from UK house buyers has dropped for the first time since March 2015, as uncertainty plagues the market, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. Following the buy-to-let rush that preceded the 1 April tax rise deadline, and with continued uncertainty caused by the EU Referendum, interest from [...]
Looking for your first home? Find a partner first; nearly two out of three first-time buyers are couples May 31, 2016 If you're looking to buy your first home in the UK, think about looking for love first; new research out today shows most people aren't trying to go it alone in the current housing market. First-time buyers are on the up, but almost two out of three of them are buying as part of a couple, underscoring [...]
UK house prices: Are low deposit mortgages propping up the housing market? May 14, 2015 The number of people buying houses with low-value deposits has risen by 7.3 per cent in the last year, according to data analysis by chartered surveyors e.surv. The figures Lending to borrowers who have only small deposits (15 per cent or less of the property’s value) accounted for 16.3 per cent of house purchases in April, [...]
Berkeley Group’s share price looks up as Tony Pidgley spends £800,000 on shares June 28, 2016 Berkeley Group's share price went up this morning after it emerged the company's chairman, Tony Pidgley, had bought another five per cent of the firm's shares for just under £800,000. In a statement this morning the company said Pidgley has bought 35,061 shares, a 4.7 per cent stake, at £22.69 a share yesterday, its share price plummeted. Director Glyn [...]
At the close: FTSE 100 bulldozes over Brexit concerns as oil and metal prices climb June 6, 2016 The FTSE 100 managed to kick off the week with a rise today, finishing up one per cent at 6,273.40 points. A jump in commodity prices managed to offset fears of Brexit that dragged down house builders. A flurry of recent polls have put the leave campaign neck-and-neck with remain as the 23 June vote draws nearer. The news [...]
London house prices: First of many? Foxtons issues profit warning after Brexit vote June 27, 2016 Shares in struggling estate agent Foxtons plummeted as the market opened after it became one of the first property giants to issue a profit warning off the back of the UK's Brexit vote. Shares fell more than 16 per cent to 112.94p after the company put out a statement this morning saying challenging conditions it had previously referred to [...]
Forget populist executive pay curbs: Prime Minister May should embrace these six policies to revitalise growth July 11, 2016 Predictably, those who demand more government spending both when the economy is doing well and badly are calling for increases to see off any potential post-Brexit slowdown. “Infrastructure spending” is the call of the day, with masses of supposed “shovel-ready projects” with high returns apparently lying around for the government to undertake. Unfortunately, in the [...]
As Pinterest announces a new video advert format, its success in mobile will hinge on bringing its communities together August 19, 2016 Pinterest announced the launch of a new promoted video format last week which is click-to-play and mobile only. It operates differently to the auto-play formats popularised by the likes of Facebook and Twitter, instead offering a glimpse of the video content and encouraging users to click to see the full content. Pinterest’s in-house creative team, The [...]