Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]
Trading in Russian bonds resumes, but yields fly higher March 21, 2022 Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
Gazprom chases buyers amid mass exodus March 20, 2022 The British arm of Kremlin-backed gas giant Gazprom is scrambling to find buyers to prevent its collapse with customers fleeing the company.
Pupil sells verified NFTs of real homes with proptech eyeing total revenue opportunity of $70m March 19, 2022 Spatial data firm Pupil has sold what it says are the first-ever verified NFTs of real-life properties. The London based proptech has launched a new class of NFT which involves very detailed digitisations of real life properties. Speaking exclusively to CityA.M., the company confirmed it has already garnered buyers across residential and commercial real estate. [...]
Today’s crypto investors will rule the booming NFT market March 18, 2022 Nigel Green says cryptocurrencies and NFTs are shaking up the global financial architecture as they increase in dominance.
England must treat French game like World Cup final, says Dallaglio March 18, 2022 Former England captain Lawrence Dallaglio has urged Eddie Jones’s team to treat tomorrow’s Super Saturday Six Nations match with France as a World Cup final. England cannot win the title in Paris but do have a chance to end a disappointing championship on a high and deny one of the in-form international sides their first [...]
Ed Warner: This year could be huge for those with a stake in Formula 1 March 17, 2022 The rubber hits the road again this weekend as Liberty Media’s $8bn Formula 1 circus fires up its engines for the 2022 season. The tumultuous end to last year’s race series has yet to be resolved. It’s not clear whether the inquiry report will be published on the eve of the Bahrain GP as originally [...]
Interview: Former rate setter Andrew Sentance on Governor Bailey’s ‘off the cuff’ remarks and where the BoE went wrong March 16, 2022 It is often a mark of how dire an economy’s situation is when incremental rises in interest rates hit the front pages. The worst cost of living crunch in a generation has, however, sent the Bank of England to the front of many households’ minds. Those outside of the City care less about the vagaries [...]
Furlough scheme pushed back age of first-time buyer to 34 March 14, 2022 Despite a property market boom during the pandemic, the furlough scheme pushed back the average age of first time buyers by up to two years. The government’s initiative may have given a lifeline to millions as Covid restrictions plunged society into chaos, but its long term impact has reportedly been to stall many people’s ability [...]