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.
Oil be back: Prices recover despite Biden pushing China to release crude reserves November 19, 2021 Oil prices are showing signs of recovery despite calls from the US and China to flood the market with crude reserves.
September house prices show ‘last of stamp duty sizzle’ November 17, 2021 UK house prices leapt in the year to September in the run up to the final stamp duty holiday deadline, government figures show. HMRC’s latest house price index shows that house prices climbed 2.5 per cent in September and 11.8 per cent annually. The average price of a property in the UK was £269,945, hitting [...]
Government backs £217m Turkish solar power plant to meet COP26 climate goals November 15, 2021 The government is supporting the largest solar power station in Turkey to the tune of £217m, which will initially be assembled in the UK. The public money will go towards Turkish conglomerate Kalyon Group’s 1.35GW Karapinar solar project, as the UK aims to deliver on climate pledges made at COP26. Ministerial department UK Export Finance [...]
Home values dropping: Average house price falls by more than £2,000 November 15, 2021 New figures show this morning that the average price of a home coming to market dipped by more than £2,000 so far this month. Across Britain, the average price tag now stands at £342,401 – £2,044, or 0.6 per cent, less than in October – as sellers seek to attract buyers’ attention ahead of the [...]
Hot property: Covid ‘race for space’ has homemover numbers at a record high November 15, 2021 Whether it was shifting to the countryside, out to the suburbs or back into the post-lockdown bustle of a city centre, removals vans have been criss-crossing the country to keep up with a boom in the number of homemovers. Data out this morning from Halifax confirms the number of homemovers hit a record high in [...]
Focus On: Get yourself into a Pickle in booming Bermondsey November 12, 2021 Located in the south-easterly London Borough of Southwark, Bermondsey has a fascinating past. Back in the 1800s it was known for its industrial plants for processing animal hides (hence some road names such as Tanner Street and Leathermarket), as well as slums for local workers and the notorious docks that inspired scenes in Dickensian novels [...]
Why prime property buyers need an agent November 8, 2021 A search for a prime property can involve speaking to 20 or 30 different selling agents. The market is being disrupted all the time, with new agents and brokers splintering off from other firms and setting up on their own. Brokerage numbers are increasing all the time and it is harder than ever to stay [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]