Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]
Handle with care: Big Tech mergers are not as evil as our watchdogs might believe December 7, 2021 Watchdogs and oversight bodies around the world, including the US Federal Trade Commission, have tried to break up Big Tech, but the UK may be the first to succeed — at the cost of entrepreneurship and innovation. Last week, the Competition and Markets Authority ordered Facebook’s parent company, Meta, to sell Giphy over antitrust concerns. [...]
Warnings housing market may ‘enter bubble territory’ if lending checks eased December 6, 2021 The Bank of England is readying itself to relax mortgage lending rules despite fears it will trigger a housing bubble, it has been reported. The Telegraph reported that policymakers are looking at relaxing affordability checks for borrowers. The rule changes are being mulled amid a review of market restrictions this will finish shortly. Officials are [...]
First time buyers ‘still getting raw deal’ with £449k average price for London home December 2, 2021 First time buyers paid an average price of £449,000 for a London home, fresh statistics outlined today. Third quarter average prices were down from £478,000 in the second quarter as the market cooled off from pandemic highs, according to the Office for National Statistics. The average advance in the last quarter was £309,339 while the [...]
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
Nftcracker: Natalia Osipova auctions off NFTs to fund new dance company November 29, 2021 Internationally renowned ballerina and star of the London Ballet Natalia Osipova is selling NFTs to raise funds for a new dance company.
Facebook Marketplace a hotbed for scams warns Natwest November 25, 2021 People doing their Christmas shopping online should beware of scammers on social media sites according to new Natwest data.
First-time buyers in London now need to stump up nine times their annual earnings to get on property ladder November 25, 2021 A new report published this morning shows that first-time buyers now have to cough up five-and-a-half times their typical annual earnings to get on the property ladder. In London that is even nine times. As house prices have surged, the average first-time buyer house price-to-gross earnings ratio in the third quarter of this year was [...]
First time buyers face significant barriers as earnings lag behind soaring house price growth November 25, 2021 First time buyers are facing significant hurdles to raising a deposit as they come up against high prices relative to average earnings. House price growth has surpassed earnings growth over the past year and the ratio of house prices to earrings has hit a record high, the Nationwide House Price Index set out. A 20 [...]
Energy crisis deepens as Bulb enters special administration amid soaring wholesale costs November 22, 2021 Bulb has collapsed into administration amid soaring wholesale energy costs that have caused 21 suppliers to cease trading since September.