Brexit jitters dent hopes of a rise in London house sales September 12, 2019 Sales activity in London’s subdued housing market is expected to slip deeper into negative territory over the coming months, according to a closely-followed industry survey released this morning. Brexit uncertainty has caused growing hesitation among buyers and sellers, the Royal Institute of Chartered Surveyors (Rics) has warned, with the outlook for property sales weakening in [...]
Sofa retailer DFS warns fewer house sales will impact trading September 26, 2019 Furniture retailer DFS this morning warned that weakening consumer confidence and a slump in housing transactions has impacted sofa sales. The figures The company has changed its accounting reference date to 30 June, meaning this morning’s results cover a shortened 48 week period. Read more: DFS warns investors of volatile political threat to sales Profit [...]
Burberry predicts 35 per cent profit surge this year January 19, 2022 British fashion house Burberry has reported flat sales growth in the latest quarter with store sales down three per cent.
Exclusive: Pensioners should get stamp duty break if they downsize home, house-buyers’ group says July 25, 2022 To ease the housing crisis, pensioners may be pushed into downsizing their homes and getting a tax break on stamp duty in return. The National Association of Property Buyers (NAPB) said the incentive would free up supply of housing and cool house prices, while also redoing the need for equity release. This comes after the [...]
Week ahead: Banks to report amid high inflation and interest rate fears July 25, 2022 Customer behaviour and cost control are set to be top of the in-tray for the major banks as they update investors over the next week. Barclays, Lloyds and NatWest are all set to update the markets in a bumper week for the sector. Although priorities will vary slightly, there will be significant focus on whether [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
An ethical dilemma: Penguin Random House made huge sales during the pandemic, but kept the furlough cash April 15, 2021 A little over twelve months ago, Rishi Sunak pumped unprecedented amounts of money into the economy to help ensure businesses could make it through the pandemic – saving as many jobs as possible. Now, as we begin to take our first tentative steps out of the third national lockdown, businesses are under no illusion that [...]
UK house sales plummet in June, held back by Brexit ‘ball and chain’ July 23, 2019 House sales crashed 16.5 per cent in June, as the property market took a “wait-and-see” attitude to transactions amid Brexit uncertainty. Monthly HM Revenue and Customs (HMRC) figures showed British residential property sales fell to 84,490, more than one-sixth down on the same period last year. Read more: London house prices suffer worst plunge in [...]
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]
London house prices: Desperate sellers knock £20k off asking prices March 28, 2024 London home sellers are shaving £19,500 pounds off the asking price to achieve a sale, according to the latest report from Zoopla.