Property market to become ‘flooded’ as 380,000 landlords look to sell-up May 20, 2018 Experts have predicted that the property market could be flooded by homes for first time buyers as 380,000 buy-to-let landlords are looking to offload their property in the next year. A survey conducted by the National Landlords Association (NLA) said that around a fifth of the UK’s landlords were looking to sell, and that nearly [...]
How much is property in Mayfair? May 11, 2018 Last month, Mayfair knocked Knightsbridge off the top spot as the most expensive place to buy in London for the first time in 10 years. Local agent Wetherells, which commissioned the report from Dataloft, puts this dethroning down to a lack of new homes being built in Knightsbridge, whereas that certainly isn’t the case in [...]
Housing reform is the only way to solve generational inequality May 10, 2018 This week, the Resolution Foundation published a report entitled A New Intergenerational Contract. The report, from the think tank’s Intergenerational Commission, found that millennials (born 1980-1996) are now half as likely to own a home at age 30 as baby boomers were. Four out of 10 millennials now rent privately at age 30 – double [...]
Royal Institution of Chartered Surveyors: London house prices predicted to keep falling as market has worst month since 2009 May 10, 2018 London’s housing market has experienced its worst month in nearly a decade, with surveyors expecting prices to drop even further over the next year. A highly-regarded survey published this morning reveals that 65 per cent more property surveyors saw London prices fall during April rather than rise, the weakest reading since February 2009. Sinking prices [...]
Millennials should receive £10,000 from the government to tackle generation gap says commission May 8, 2018 The government should introduce a £10,000 “citizen’s inheritance” for all 25-year-olds as part of a bid to boost millennials’ prospects, according to a commission bringing together top business groups and trade union bosses. The Intergenerational Commission will also propose a new £2.3bn National Health Service levy on pensioners’ earnings, a progressive property tax to replace [...]
nHouse founders Nick Fulford and Richard Hywel Evans on the need for modular housing in the UK May 2, 2018 While we all know what disruptive tech looks like, what does disruptive housing look like? By almost universal consent, three problems need to be addressed in the current market – affordability, sustainability and quality – and whoever conquers all three will seriously shake up the UK market. Yet architect Richard Hywel Evans thinks he, along [...]
Pinsent Masons tops Acritas legal brands survey alongside DLA Piper, CMS, Linklaters, Allen & Overy, Eversheds Sutherland and Clifford Chance May 2, 2018 An index of the leading UK legal brands has seen law firm Pinsent Masons take the top spot for the first time, beating Eversheds Sutherland into second place. The biggest climber is CMS, which following its three-way merger with Olswang and Nabarro last year, has climbed to fourth in the rankings, from 13th last year. [...]
James Brokenshire has no time to waste in fixing the capital’s housing crisis May 2, 2018 As James Brokenshire takes up his new role as housing secretary, his top priority must be to fix the capital’s broken housing market. It is no exaggeration to say that London is in the midst of a housing crisis. Demand far outstrips supply; while we have built 200,000 new homes over the last decade, London’s [...]
The Wine connoisseur: How to avoid wine pairing disasters May 1, 2018 I have been surrounded by wine my entire life, from my mum’s collection of rarities to my uncle’s home-brewed sparkling. Growing up in Italy, there was wine in nearly every recipe and a bottle on every table. But that doesn’t mean pairing wine with food comes naturally – it’s a process of trial and error [...]
Opinion: Why Gibraltar is a rock solid investment, despite being caught in Brexit’s cross-hairs April 30, 2018 Lesser known than some of its European counterparts, the British overseas territory of Gibraltar has hit the headlines recently. A few weeks ago, the British government guaranteed Gibraltar’s access to UK financial markets until 2020 – with a framework being developed to take it beyond that against the backdrop of Brexit. Earlier in January, Gibraltar’s [...]