Cost of weekly supermarket shop drops for fourth month in a row to hit lowest level in over a year April 4, 2016 The cost of the average weekly grocery shop has fallen for the fourth month in a row to reach its lowest level in over a year, data released today shows. Research by price comparison site MySupermarket found that a basket of 35 staple products across the major grocers cost £84.36 in March, down 3.8 per [...]
UK house prices: south east to outperform London in 2016 as buyers seek out more affordable homes, says Cebr April 4, 2016 House price growth will slow to 4.9 per cent this year, according to a new report out today, with the south east poised to outpace the capital as buyers look for better value elsewhere. The study, published by the Centre for Economics and Business (Cebr), says 2016 is turning into a year of two halves [...]
House prices soar by 47,000 per cent in the 90 years since the Queen was born April 4, 2016 The price of the average British home has ballooned by 47,000 per cent since Queen Elizabeth II was born in April 1926, new research shows, rising from £619 to £291,505 over the past 90 years. Data from the Office for National Statistics (ONS) and analysed by Jackson-Stops & Staff to mark the Queen's birthday later [...]
Brockton Capital buys into Shoreditch Village scheme April 1, 2016 Two families regenerating a derelict site in London's trendy Shoreditch area have brought new investors on board after selling part of the scheme to Brockton Capital. The run-down site between Shoreditch High Street and Great Eastern Street was originally a Victorian timber yard and has been privately-owned by the Hall and White families for over 40 years. The proposed scheme, [...]
Landlords make last minute dash to beat buy-to-let stamp duty hike deadline March 31, 2016 Landlords and agents were scrambling to complete last-minute purchases of second home and buy-to-let properties today ahead of stamp duty hike which comes into effect at midnight. George Osborne's clampdown on buy-to-let properties was announced in November's Autumn Statement as part of a raft measures designed to tackle the housing crisis and help more first-time buyers on the property [...]
Why building your dream home is about to become easier March 31, 2016 Fans of Channel Four’s Grand Designs who dream of creating a home from scratch will be one step closer to doing so tomorrow when a new laws encouraging self-build and custom housebuilding come into force. From 1 April, councils in England will have to keep a register of everyone seeking land to build their own home or [...]
UK house prices: Sales to first-time buyers pause in February despite year-on-year rise March 31, 2016 The number of first-time home buyers rose by seven per cent in the year to February despite a slight drop in activity since the start of the year, new data today shows. First time buyer sales stood at 21,000 last month, which was 6.6 per cent ahead of February 2015’s figure of 19,800, according to Your [...]
Prime central London house prices are being outpaced by outer boroughs, says Savills March 30, 2016 Prices of prime London residential properties dipped in the first quarter of the year, as uncertainty around the economic outlook and the EU referendum largely offset any investor or second home buyer rush to beat the buy-to-let stamp duty hike deadline. Values across the whole of prime London slipped by an average of 0.3 per cent in [...]
Not spicy enough: Premier Foods rejects third takeover offer by US seasonings giant McCormick March 30, 2016 Premier Foods has rebuffed a third takeover approach from US spices giant McCormick, saying the revised 65p per share offer still undervalues the company. The company, however, said it is prepared for meetings to take place in order to discuss "value drivers, a review of material pensions documentation, current trading and material contracts, and so to [...]
World Wealth: The number of millionaires moving to London has slowed to a trickle March 30, 2016 The number of millionaires packing their bags and moving to London from overseas slowed dramatically last year, new research reveals, citing high property prices and the rising cost of living among the reasons. A net 500 millionaires moved into the capital in 2015 compared with 6,000 the previous year, according to wealth specialists New World Wealth's annual Millionaire Migration report. In 2014, around [...]
