Buying a house? Pay in cash for a £28k discount January 7, 2025 Buying a house is the largest purchase most of us will make in a lifetime – but it may be cheaper for some than others. Cash buyers now pay £28,000 less on average for a home than those relying on a mortgage, and the ‘cash discount’ has risen by 12.4 per cent in just two [...]
Tyson Fury: Property firm set up by Gypsy King at risk of being shut down December 4, 2024 A company set up by former world heavyweight boxing champion Tyson Fury to buy, sell and lease real estate is at risk of being shut down. Greenwaybalmoral Ltd, which is registered to an address near Lancaster, was established in January 2023 and counts Fury as its sole director. But having failed to file any set [...]
House prices rise at fastest rate in two years – Nationwide December 2, 2024 New figures from Nationwide show that house prices rose by 3.7 per cent year-on-year last month, up from 2.4 per cent the month before.
Alan Sugar’s property empire returns to profit after huge loss November 25, 2024 The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]
Foxtons: London estate agent boosted by strong property market October 24, 2024 London estate agent Foxtons delivered a third quarter of consecutive growth over the last three months, with revenue climbing eight per cent. Revenue at the estate agent climbed to £47.4m for the three months to 30 September, bringing total revenue for the nine months to the end of September to £125.9m, 10 per cent higher [...]
Historic Magna Carta house hits market for £4.5m September 23, 2024 The Victorian listed home where King John signed the Magna Carta in 1215 is on the market for £4.5m
Real Estate Investors: Property downturn ‘at or near the bottom’ September 23, 2024 "A normalising market backdrop will contribute to more rapid sales and debt repayment, allowing us to execute our strategy and return capital to shareholders, whilst continuing to pay a covered dividend," he said.
Two-year mortgage rates fall as markets brace for future interest rate cuts September 20, 2024 Two-year mortgage deals are becoming increasingly competitive as rates continue to fall faster than longer-term deals.
UK property equity surges to new record as house prices recover with falling rates September 4, 2024 The value of the UK’s property equity is higher than ever before having surged to almost £6 trillion, new research has revealed. The study by the Equity Release Council calculated that recovering house prices helped to increase the figure to an “unprecedented” £5.7 trillion in the three months ending June 30, 2024. This was up [...]
Property law transactions at historic lows but firms ‘must prepare’ for growth August 8, 2024 Transactions at property law firms have sharply slid back to pandemic-era lows this year, but firms expect Labour’s housing reforms, as well as falling interest rates, to create an onslaught of cases in the coming years. New research by legal data supplier Search Acumen, shared exclusively with City A.M., has found that total transactions across [...]