Why millennial parents are questioning university for their kids August 28, 2024 The rising costs of higher education—tuition fees and living expenses—have placed an enormous burden on parents, many are asking if it’s worth it, says Eliza Filby Like many parents I’m counting down the days to term time, but this year there’s a poignancy with our youngest starting school. As I prepare to wave her off at [...]
Price of the average London home on the rise as UK demand rockets August 28, 2024 The ‘average’ London home will now set you back more than £530,000 after house prices in the capital increased for the first time since April 2023, according to figures released today. Data from Zoopla’s latest house price index revealed that London property prices were up 0.2 per cent year on year in the first seven [...]
The on-off-on takeover saga that saved the London Lions from extinction August 23, 2024 For the London Lions and fans of the dual British basketball champions, it has been a summer of more twists and turns than a slam dunk contest — only a lot less fun.
Hold the champagne, the housing market upturn is meaningless without rental reform August 21, 2024 The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO Sam Mitchell.
Porsche 911 Turbo celebrates 50 years with retro special edition August 20, 2024 After 60 years of the Porsche 911 in 2023, this year sees the flagship 911 Turbo celebrate its 50th anniversary. And the folk in Stuttgart have not let the occasion pass unnoticed. Porsche announced the aptly-named 911 Turbo 50 Years edition at the glamorous Monterey Car Week in California. Production will be limited to 1,974 [...]
‘Buyer buzz’: Outlook raised for UK house prices after interest rates cut August 19, 2024 Property portal Rightmove has said there is a “degree of buyer buzz” in the housing market, caused by the moderation in mortgages in light of the Bank of England’s decision to cut the base interest rate. It raised its house price forecast for 2024 from negative one percent to one per cent, citing more interest [...]
Savills: Bank of Mum and Dad to pay out almost £30bn over the next three years August 16, 2024 First-time buyers will receive almost £30bn in financial support from their parents over the next three years as the housing ladder slips increasingly out of reach for independent young buyers. Gifts and loans from the Bank of Mum and Dad totalled £9.4bn in 2023, according to the latest analysis from property firm Savills. This figure [...]
One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]
‘Pent-up demand’ drives jump in London prime property sales August 12, 2024 London’s super-prime market seems to following a similar track to the general market: optimism is cautiously increasing as mortgages start to come down following the Bank of England’s rate cut. The number of exchanges in London in June and July was 8.4 per cent above the five-year average, according to Knight Frank. It was a [...]