By: Helen Cahill

I report on retail and property for City A.M. I have covered the investigation into BHS and London's housing crisis. You can email me on helen.cahill@cityam.com with tips or commentary.

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Housebuilder Bellway’s share price climbs after positive set of results

August 5, 2016

Residential property builder Bellway's share price climbed this morning after a strong set of results, rising 4.19 per cent in morning trading. But the company said it is "cautious" about how many sites it acquires after to the Brexit vote. Bellway added: "Since the result of the EU referendum, there has been some modest caution from a [...]
House prices fell month-on-month in July, and quarterly price growth has slowed

August 5, 2016

House prices fell between June and July – but there was growth year-on-year, Halifax data released this morning has shown. Property values in the three months to July were up by 8.4 per cent compared to the same period last year, according to the Halifax house price index. Prices between May and July were 1.6 [...]
High street sales flat in July despite retailers peddling giant discounts

August 5, 2016

Retail sales were flat in July despite outlets trying to haul shoppers to the till with massive discounts. Shops have been tempting consumers with discounts as high as 70 per cent – Sports Direct is now having a "flash sale" offering discounts of up to 90 per cent – but there has been no growth in year-on-year [...]
Olympic jump! Here’s how far house prices have gone up in the area near London’s Olympic Park

August 5, 2016

With the Rio 2016 Olympic Games kicking off today, it seems like an appropriate time to reflect on the London Olympics – and how they affected house prices. Research from Lloyds Bank has shown that house prices near the Olympic Park have risen by 53 per cent since September 2012, up from an average of £286,638 [...]
Trade association asserts that builder’s merchants sales are strong

August 4, 2016

The trade association representing builder's merchants has stressed today that sales are in the industry are strong after construction supplier Travis Perkins said that it had been hit by the Brexit vote. The Builders Merchants Federation said sales in the sector were up were up 3.1 per cent in June as compared to the same period last [...]
This was the biggest City office deal in the last quarter

August 4, 2016

Amazon made the biggest office deal in the City in the last quarter, taking 47,101 sq ft of space in Beaufort House. Research from BNP Paribas Real Estate showed Amazon made the biggest City move in a period when lease length fell from 9.5 years to 7.8 years as occupiers sought more flexibility. Read more: Westfield Stratford set [...]
Here’s how far fixed rates have fallen in the last six years

August 4, 2016

Fixed rate mortgages have fallen continuously for the past six years – with marked falls taking place before the Brexit vote. Rates have fallen by an average of 2.5 per cent since 2010, according to data released today from Legal & General. Read more: Experts are not impressed by HSBC's new 0.99 per cent fixed [...]
Here’s how much Sir Philip Green’s BHS pension bill has risen due to Brexit

August 3, 2016

Sir Philip Green recently described negotiations with The Pensions Regulator (TPR) over plugging BHS' pension deficit as "cumbersome and slow" – after the Brexit vote, an agreement will also be expensive. After the Brexit vote, falling yields have led to the aggregate deficit of pensions schemes in the Pension Protection Fund (PPF) rising by more than 18 per cent since the BHS [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year

August 3, 2016

Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]
Rent on the finest properties in the Home Counties has fallen due to over-supply

August 3, 2016

Prime rents in the Home Counties have been hit by high stock levels, data released today has shown. According to estate agent Knight Frank, rents in high-end properties in the areas fell by 0.6 per cent between April and June and by 0.8 per cent year-on-year. Read more: Here's why parts of London's prime rental market [...]

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By: Helen Cahill

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