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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A third of over-45s in London worry they will never pay off their mortgage

July 27, 2016

A third of people over 45 in London worry they will never be mortgage-free, according to a report from Aviva released today. Aviva found 32 per cent of over-45s in London are uncertain about whether they will ever be able to pay off their mortgage, compared to 17 per cent of over-45s across the UK. Read [...]
CapCo cuts value of Earls Court development as Brexit vote creates concern over London house prices

July 26, 2016

London property company Capital & Counties Plc (CapCo) has cut the value of its Earls Court development by 14 per cent due to worries about a fall in London house prices after the Brexit vote. In its interim results, CapCo said it valued the Earls Court site – which will create 7,500 homes – at [...]
Mortgage lending fell in June but has “bounced back” since the stamp duty hike according to the British Bankers’ Association

July 26, 2016

Mortgage lending dropped in June as banks approved the fewest mortgages since March last year and cut business lending. House purchase approval numbers were 11 per cent lower than in June 2015, but have "bounced back a little" from the numbers seen after the introduction of a stamp duty hike on second homes, the British [...]
This PR firm refused to share a building with a charity helping ex-offenders

July 25, 2016

A fashion PR firm has refused to share its Islington office building with a charity that helps women ex-offenders get into work, City A.M. understands. Lee Publicity – a home and fashion PR company – reportedly took exception to charity Working Chance running workshops for ex-offenders in its building. Working Chance runs workshops to help women write [...]
The rental market slowed after Brexit – and estate agents are seeing landlords worried about uncertainty

July 25, 2016

The rental market stagnated immediately after the Brexit vote, according to a survey by the Association of Residential Letting Agents (ARLA). The report found that more than one in ten (12 per cent) of letting agents have reported a dip in rent, but 77 per cent said there was no change in rents. Read more: Rental [...]
Second administrator appointed to untangle the complex web of companies surrounding BHS

July 25, 2016

A second administrator has been appointed to investigate the complex web of companies surrounding BHS. FRP Advisory were appointed joint administrators to Duff & Phelps on Friday. City A.M. understands that the firm will be looking at the transactions made between the companies connected with BHS to determine if any assets transacted were undervalued. Read more: Here are [...]
“He’s the man who put BS into BHS”: Here are the best reactions to the select committee report on the demise of BHS

July 25, 2016

Sir Philip Green has taken a bashing this morning, after MPs described him as the "unacceptable face of capitalism" in a report on the demise of BHS. Here are the reactions to their damning verdict of Green and the company he ran "like a medieval fiefdom" – not all of them have been negative. Read more: Sir Philip Green leadership [...]
Seven numbers explaining the demise of BHS

July 25, 2016

The demise of BHS has been a long and uncomfortable journey – and today MPs have pointed at Sir Philip Green as the one ultimately responsible for its collapse. BHS ended up in liquidation after no buyer came forward to take on the high street brand as a going concern. 11,000 Administrator Duff & Phelps announced that while it continued to try [...]
At the close: Pound slides on scary economic data- but FTSE rides higher

July 22, 2016

It's been a rough day for the pound after data released today showed a "dramatic deterioration" in the UK economy. Markit's UK purchasing managers' index (PMI) dropped to 47.7 in July, down to an 87-month low from 52.4 in June. Both output and new orders fell for the first time since 2012. Chris Williamson, chief economist at [...]
Trying to sell your property? Here’s everything you need to know about the UK’s housing market after the Brexit vote

July 22, 2016

Before the EU referendum, politicians were forecasting a housing market crash. We've now had a fair bit of data post-Brexit – here's everything we know so far. The market is slowing down You can't understand the housing market without looking at transaction volumes. While surveys have suggested asking prices have fallen over the past few weeks and [...]

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By: Helen Cahill

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