First-time buyers who purchase a house this year will have already spent £52,900 on rent – or the deposit on a £1m house February 12, 2016 Those who are about to step on to the property ladder this year will have already cashed out £52,900 on rent, according to new research – more than you would spend on a five per cent deposit on a £1m house. And the figures published by the Association of Residential Lettings Agents (Arla) show that [...]
Here’s how much you need to save each month if you want to buy a home in London in the next four years February 2, 2017 If you're a first-time buyer in London hoping to get yourself somewhere to call home in the next four years, look away now – for a new study has suggested the average first-time buyer should be saving £2,300 each month if they want to buy a house in the capital by 2021. Yikes. The National Housing [...]
House prices in this London borough are 38 times annual earnings March 17, 2017 Dream of affording your own home in London? Well, don't start your house search in Kensington and Chelsea. Read more: A third of first-time buyers now spend half a decade saving for a home The latest figures from the Office for National Statistics show that house prices in Kensington and Chelsea were 38.5 times median [...]
London house prices: First-time buyers using help to buy to purchase London properties could face trouble if the bubble bursts February 10, 2016 When markets are in turmoil, the natural inclination is to turn to safer assets – and what, in our collective wisdom, is safer than houses? People always need a place to live, the rationale goes, and they always find a way to pay. But rather than taking a big punt on housing, many hedge funds [...]
Relaxing our misguided drug laws would save lives, money, and London’s nightlife March 20, 2018 The first time I came to London, I was shocked at how the city failed to come alive at night. Sure, it had restaurants, gigs and plays, but those are evening activities. After-hours events, nights out where you didn’t break the bank trying to get home, not so much. We’ve only recently opened up the [...]
A rising dollar is positive for US small capitalisation shares May 21, 2018 The dollar has started to rise following a period of weakness. This is positive for dollar dividend payers and US smaller companies. Movements in the dollar can have a significant impact on your investments. This is especially true for investors based in the UK, as many of Britain’s largest companies are significant foreign currency earners [...]
Stripe is scrapping its support of bitcoin payments by April but says it remains “very optimistic about cryptocurrencies” January 24, 2018 Stripe has said it will no longer be supporting bitcoin payments by April, noting a decline in customers using it as a method of payment. The payment platform said it will gradually wind up support with the end date being 23 April. In a blog post, Stripe said it had “long been excited about the [...]
UK house prices: Help to buy has boosted the number of houses built and first-time buyers – but it’s not inflating prices, claims government report February 15, 2016 Suffering from misgivings about whether help to buy is really the panacea the government claims it is? A new report published this morning claims it has boosted both house building and first-time buying – but it has not artificially boosted prices. And the report has been published by… er… the government. The equity loan scheme, [...]
UK house prices: There are now 10 buyers for each property on the market – with first-time buyers hit hardest January 4, 2016 Thinking of putting your house on the market this year? Now's the time to do it, after new figures suggested there are now 10 prospective buyers for each property on the market. The National Association of Estate Agents' (NAEA) November Housing Market Report showed the number of house-hunters grew 20 per cent in during the [...]
This London developer will build homes on rooftops in just 45 weeks February 23, 2017 Apex Airspace, a company that uses so-called modular construction techniques to create homes on rooftops, is embarking on a £11.5m scheme together with Lambeth & Southwark Housing Association. The group will build 28 new flats on a site in Southwark, 11 of which will be affordable rental homes. Apex has also agreed to renovate the existing building [...]