Rightmove profits climb despite competition from property portal rival OnTheMarket | City A.M. July 27, 2018 Property giant Rightmove reported a 12 per cent rise in profit in the six months to June, hitting a record number of prospective buyers visiting its online platform. However, shares fell more than three per cent in early morning trading. Pre-tax profit rose to £98m in the first half of the year and revenues climbed [...]
Tottenham Hotspur Stadium: Why don’t Spurs have a naming rights deal? | City A.M. July 26, 2018 Back in October 2008, when Tottenham’s new stadium project was still in its infancy, chairman Daniel Levy addressed the opportunity to sell the naming rights to their proposed new ground. “It’s a necessary and critical component of financing a modern football stadium,” he said. Yet six weeks out from the £850m venue’s official opening, Spurs [...]
First-time buyers in London struggle to keep up as north east offers most affordable house prices | City A.M. July 25, 2018 London has been the least affordable region for hopeful first-time buyers in 14 of the last 19 years, according to new statistics out today. Buyers looking to get onto the property ladder in the capital last year could have expected to spend 13 times their earnings on property. However, that stands in stark contrast to [...]
Inflatable unicorns and flamingoes are the hit of the summer sales, according to John Lewis’ data | City A.M. July 16, 2018 It appears the heat has gone to our heads. Is there no end to the kitsch tiki bars taking over terraces up and down the nation? Will we ever tire of parrots, flamingos and pineapples? Incredibly, kitsch is in this summer and we know that because of cold, hard data. Every week, John Lewis’ best [...]
House prices in Bethnal Green: Shoreditch’s loss is Bethnal Green’s gain as professionals flee high house prices in E1 | City A.M. July 16, 2018 There was a time when Bethnal Green lived up to its rural-sounding name. It was actually a prosperous area in the 19th century, with large houses and gardens. Originally called Bethan Hall Green, the name was changed to align with local Cockney pronounciation which dropped the ‘h’. By the 19th century, Bethnal Green became one [...]
London’s house price slowdown worsens as summer slump hits July 16, 2018 London's house price slump has deepened as the market enters its traditional summer lull, with experts signalling a boon for prospective first-time buyers. The average asking price of a house in the capital is down more than £11,000 compared to this time a year ago, marking the sharpest annualised fall since January. The closely-watched Rightmove [...]
New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
House prices in Holland Park: Celebrities flock to the spacious Georgian mansions in the connoisseur’s Notting Hill July 10, 2018 The fact is, the secret’s out about Notting Hill. It’s a Richard Curtis film, it hosts Europe’s biggest street party every August and its doors are painted in bright pastel colours. The connoisseur of the north west London property scene would look slightly southwards to its greener, more understated sibling, Holland Park. “The area has [...]
Positive thinking on negative equity: What to do if your home is worth less than your mortgage July 4, 2018 Less than a year ago, it was all talk of bubbles in the UK housing market. But we all know that what goes up must come down, and the first signs that the market was losing steam came at the start of this year. The market continues to look skittish, with the most recent figures [...]
Google announces massive shake-up of its advertising software, scrapping Adwords and Doubleclick June 27, 2018 Google is ditching its Adwords and Doubleclick advertising software brands, in favour of adopting a more streamlined approach for advertisers and sales teams. The changes mean that Google’s advertising effort will now be repositioned into three main brands, reflecting what senior vice president Sridhar Ramaswamy referred to as the change in the way marketers approach [...]