Home ownership to slide says Bank’s David Miles November 22, 2011 FIRST-TIME buyers are taking longer to save for large deposits, and so the number of owner-occupiers is set to fall, David Miles from the Bank of England’s monetary policy committee said in a speech yesterday. The transition to a society with fewer homeowners will be painful, he warned, but could have long-term benefits to the [...]
Get your skates on this Xmas November 22, 2011 Dedicated runners say part of the reason they slog through the pain barrier, come rain or snow, is to recapture the feeling of being young: to feel the wind rushing through their hair and the ground rolling under their feet. I think running is too much like hard work but after ice skating for the [...]
OUT OF OFFICE November 22, 2011 HYDE PARK WINTER WONDERLAND The Hyde Park Christmas extravaganza is your one-stop-shop for everything festive. Get a few snaps of the kids bobbing on Santa’s knee, wander through snowy Christmas markets and check out a show in the circus tent. Take time out on the big wheel, where you can look down on everyone else [...]
Inside the astonishing new Porsche November 22, 2011 An all-new Porsche 911 is a rare thing. The new generation – codenamed 991 – is only the third completely new version since the iconic sportscar was first introduced in 1963. We’re driving the Carrera S model from Santa Barbara and into the Santa Ynez mountains in California via fast and twisting roads. At first [...]
CAR TALK November 22, 2011 BMW The World’s press have been driving the new, fifth generation BMW M5. The car’s 560bhp V8 engine replaces the bigger, less economical V10 of the previous M5 meaning fuel consumption is down by 30 per cent to 28.5mpg (combined). Capable of 0-62mph in 4.4 seconds and 155mph the new M5 costs £73,040 OTR. AUDI [...]
Capital Shopping Centres secures new debt facility November 21, 2011 CAPITAL Shopping Centres (CSC), the UK’s biggest mall owner, has secured a £375m credit facility from a consortium of five banks to help provide “general liquidity” to the company. The owner of Manchester’s Trafford Centre and the MetroCentre in Gateshead said yesterday that the revolving facility would replace a previous, undrawn £248m facility that was [...]
London residential rents slip for first time since 2009 November 21, 2011 PRIME London residential rents have dropped for the first time since their recessionary low in June 2009 but still sit near to “an all time high”, research from Knight Frank shows. The property agent said rental levels crept back down by 0.1 per cent last month but rose by 0.6 per cent in the three [...]
More overseas than UK buyers for City offices November 21, 2011 THE LEVEL of overseas ownership of City office properties has overtaken UK ownership for the first time. research by property group Development Securities has claimed. According to new research by the developer and the University of Cambridge, foreign investors now own 52 per cent of the Square Mile’s office stock, growing from 25 per cent [...]
Get roped into a climb at The Castle November 21, 2011 You can see The Castle climbing wall at Manor House long before you get anywhere near it. The gigantic Victorian building looks every bit the fortress it is named for – it’s slightly disappointing when you find out it started life as a lowly pump-house (it also makes you realise how much of a sense [...]
FIT IN THE CITY November 21, 2011 FITNESS & DIET EXPERT If you’re looking to rock your Christmas tux, or slide into your salopettes without a hint of Stella belly, you’ll need to work. Here’s how: Opt for high-energy workouts. In a study at Duke University in the US, 30 minutes of vigorous aerobic exercise (the type where you’re sweaty and out [...]