UK house price: London house prices still under pressure from tax changes, according to Rics November 9, 2017 Home sales in the capital fell again last month as London’s housing market continued to feel the effects of tax changes brought in last year. A survey by the Royal Institution of Chartered Surveyors (Rics) found agreed sales dropped in October with 42 per cent more respondents noting a decline in transactions over the month. [...]
Lotus Evora GT430 review: The first Lotus to break £100k has the racing chops to justify its price tag November 6, 2017 This summer, Lotus became part of the same family as Volvo and the London Taxi Company. It made a deal with Zhejiang Geely Holding Group, hoping the Chinese company can work the same magic on its Norfolk cars as it did on Volvo. Jean-Marc Gales, the ever-enthusiastic Frenchman responsible for turning a profit at Lotus [...]
Area guide to property in the Royal Docks November 3, 2017 For many Londoners, the only time they’ve ever been to the Royal Docks in east London is when they’re travelling on business from London City Airport. This post-industrial part of town was once a hive of activity, with boats docking from all over the world, but now you’re more likely to find hotel chains and [...]
New homes on sale this weekend, in London Fields, Richmond, Camberwell and two well-connected commuter towns November 2, 2017 Developments on the market this week Prime Place, Godalming From £375,000 Live close to one of the most prestigious independent schools in the country and a top commuter station. Charterhouse School is less than two miles away from Prime Place, a town centre housing development. A four bedroom penthouse is being unveiled tomorrow (Sat 4) [...]
Most affordable London commuter towns: How a one hour commute can save buyers £500,000 on London house prices October 30, 2017 Living an hour outside London could slash half a million pounds off house prices compared with buying a home in zones one and two of the capital, according to new research. Commuter towns such as Crawley, Windsor, Rochester and Peterborough have an average house prices of £316,000, a survey by Lloyds Bank has found. That [...]
Housing crisis on Budget agenda as groups call for government borrowing to build in London and stamp duty abolition October 30, 2017 The government is being urged to consider major changes to its housing policy ahead of the Budget, ranging from abolishing stamp duty to allowing local authorities to build more homes. In its Budget submission to the Treasury the London Chamber of Commerce and Industry (LCCI) backed a call from chancellor Philip Hammond’s own colleagues to [...]
The tech evolution of the mortgage market October 25, 2017 Babylon, 611 BC: the year of the first recorded loan using real estate as security. Written to Mr. Nabu-etir with an interest rate of 11.3 per cent, our ancient ancestors agreed to the financial instrument that survives two and a half thousand years on. Now this loan forms the bedrock of the modern financial system [...]
Autumn Budget 2017: Treasury understood not to be planning “radical” Budget October 16, 2017 Chancellor Philip Hammond might be coming under pressure to unveil a “radical” – and vote-winning – Budget, but anyone expecting “big, bold” announcements could yet be disappointed. Hammond, who has in the past said “fiscal” is the best word to describe him, is currently canvassing the opinion of hundreds of MPs and other groups, sifting through thousands of submissions [...]
The 19 UK towns most at risk of a house price bubble: Cleveland, Blackburn and Blackpool come top October 12, 2017 UK house prices may still be rising, but with the Bank of England on the brink of hiking interest rates, the market may be about to change trajectory. Now, by comparing lending levels with house price rises, new research has listed the UK towns and cities most at risk if lending conditions change. Mortgage broker [...]
UK M&A deals tail off as post-Brexit vote reality causes sentiment to weaken according to EY October 9, 2017 After a post-Brexit spike, the number of mergers and acquisitions (M&A) in the UK has begun to tail off as deal sentiment weakens. According to EY, the volume of M&A deals completed in the first nine months of this year slipped by 11 per cent compared to 2016 to 2,316. On the flip side, the [...]