Inflatable unicorns and flamingoes are the hit of the summer sales, according to John Lewis’ data | City A.M. July 16, 2018 It appears the heat has gone to our heads. Is there no end to the kitsch tiki bars taking over terraces up and down the nation? Will we ever tire of parrots, flamingos and pineapples? Incredibly, kitsch is in this summer and we know that because of cold, hard data. Every week, John Lewis’ best [...]
Tesla earnings preview: Can Elon Musk’s Silicon Valley car maker beat the odds? April 29, 2018 American car maker Tesla is set to announce its first-quarter results on Wednesday 2 May, but with a series of setbacks in recent months, investors may be wondering whether the company can live up to expectations. Analysts at S&P Global Market Intelligence expect the company to report a loss of $3.52 (£2.56) per share in [...]
Budget 2017: This is what the Budget had to say about UK house prices March 8, 2017 UK house price growth will be cut by almost half by 2018, according to predictions from the Office for Budgetary Responsibility (OBR). The OBR has released its predictions for house price growth along with chancellor Philip Hammond's first (and last) Budget today, and it seems house price rises will be tempered over the next five [...]
London home buyers down three per cent in fourth quarter of 2016, CML says February 22, 2017 The number of home buyers in London dropped to a four-year low last year, according to new data from the Council of Mortgage Lenders (CML). Home buyers in London borrowed £24.5bn for house purchase, down 0.4 per cent on 2015, and took out 75,800 loans, down seven per cent compared to the year before. The CML [...]
There are 10 buyers for every property, propping up house prices March 21, 2017 Low supply is propping up the housing market as it has been rocked by property tax changes and uncertainty over the UK consumer's spending power. There are now 10 buyers for every property on sale in England and Wales, which Haart estate agents said was a "gap that is set to widen". House prices grew 2.6 per [...]
House prices: London’s first time buyers will need £106,000 salary to afford an average home by 2020, warns Shelter April 14, 2016 Londoners looking to buy their first home will need to earn over £100,000 a year by 2020, research by housing and homelessness charity Shelter has found. The study said this was an increase over the quarter on the £80,000 needed for a typical first time buyer’s mortgage today. On top of this, first-time buyers will also need an [...]
Isa guide 2016: What first-time buyers need to know about the Lifetime Isa and the Personal Savings Allowance March 31, 2016 It only seems like yesterday that George Osborne was unveiling his Help to Buy Isa to let more aspiring homeowners get a foot on the property ladder. But the announcement of the Lifetime Isa in this year's Budget, and the introduction of the Personal Savings Allowance – which comes into effect on 6 April – is about to complicate [...]
Opinion: London’s buyers market is a consequence of estate agents irresponsibly over-pricing properties February 23, 2018 The average London home is now sold at 4 per cent below its original asking price, according to the Hometrack Cities Index, up from just 0.5 per cent in 2014. Many are taking it as a sign that homeowners are desperately discounting their homes in an effort to sell, and that the capital has now [...]
Ranked: London boroughs with the biggest increase in new property listings June 6, 2018 New property listings were up 7.4 per cent in May, with London seeing a 5.9 per cent increase in the number of new properties on the market. May therefore saw the the highest number of new sellers list their properties in any single month since before 2017, according to online estate agents HouseSimple. The figures [...]
London property prices drop by £10,000 in a year as high-end market slumps April 24, 2017 The average price of London property has dropped by nearly £10,000 since this time last year, just as the rest of the country hits a record high. Properties in the capital are now coming to market 1.5 per cent (£9,423) cheaper than a year ago, the biggest fall since May 2009 according to Rightmove’s latest [...]