New Homes: What’s on sale in London this weekend in Hackney, Southwark, Bermondsey, Mitcham and Clapham March 10, 2017 Kings Crescent, Hackney From £98,750 for a 25 per cent share First time buyers living or working in Hackney will be able to get a step on the ladder with Shared Ownership at Kings Crescent. Tomorrow will see 36 none to three bedroom apartments on sale, some refurbished some new, next to Clissold Park each [...]
Budget 2017: Here’s how the Budget will affect landlords and the buy-to-let sector March 8, 2017 With the housing crisis in full throes, the last few years have been difficult ones to be a landlord – indeed, many have felt punished by measures such as an end to mortgage tax relief and higher stamp duty on buy-to-let homes. The good news for landlords was that today's Budget didn't include any further [...]
Budget 2017: This is what the Budget had to say about UK house prices March 8, 2017 UK house price growth will be cut by almost half by 2018, according to predictions from the Office for Budgetary Responsibility (OBR). The OBR has released its predictions for house price growth along with chancellor Philip Hammond's first (and last) Budget today, and it seems house price rises will be tempered over the next five [...]
Foxtons results: Another dive in profits thanks to London house prices March 8, 2017 Shares in struggling London estate agent Foxtons took a dive today after it admitted London's cooling market pushed down profits last year. The figures Revenues fell 11 per cent to £132.7m in the year to the end of December, Foxtons said today – while pre-tax profits fell more than half, from £41m in 2015 to £18.8m in 2016. Lettings revenue fell one per [...]
Part of British chipmaker Arm to be sold to Saudi-backed Softbank Vision Fund March 8, 2017 Softbank is reportedly selling part of newly acquired British chipmaker Arm to its Saudi-backed investment fund. After snapping up the firm for £24bn in a shock mega-deal just weeks after the vote to leave the European Union last June, the Japanese conglomerate is now selling a 25 per cent stake to its Vision Fund, the Financial Times reports, [...]
Here’s what the property sector is expecting in this week’s Budget – from stamp duty to landlords to luxury homes March 7, 2017 It’s that time of year again: the days are getting longer, the trees are blossoming, and the one-time-only Spring Budget is rapidly approaching – with homeowners and landlords alike steeling themselves for more punishment from the chancellor. The good news is it looks unlikely there will be much to punish homeowners or lower house prices [...]
Budget 2017 UK predictions: What you can expect from the chancellor’s Spring Budget March 7, 2017 It's that time of year again: the chancellor is getting set to dust off his little red box and deliver the Spring Budget. It's the last one we'll see at this time of year, as Philip Hammond decided to move the major announcements to an Autumn Statement schedule. It's likely to be a more staid [...]
Focus On Queen’s Park: Good schools, shops and value lure families to north west London March 3, 2017 Garden towns and villages have made a surprising comeback of late, largely as a by-product of our desperate search for a solution to the housing crisis. The government announced at the start of the year that it intended to build three new towns of 10,000 houses each, in a bid to reach a target of [...]
Is the Football League due a TV rights revolution? Why Derby County are leading the cross-divisional rebellion March 2, 2017 The Premier League’s £8bn television deal has not only ushered in a new era of profitability for top clubs – it has also convinced a growing number of teams from lower divisions that it is time to negotiate their own game-changing broadcast contract. Led by Derby County chairman and owner Mel Morris, some of the biggest [...]
UK housebuilders’ shares rise as mortgage approvals hit highest level since February last year March 1, 2017 Housebuilders' share prices rose today after figures from the Bank of England showed that in January mortgage approvals hit the highest level since February 2016. The Bank reported a 2.4 per cent month-on-month rise in January, bringing the number of mortgages to 69,928. Read more: UK house prices rose by just £600 last month This [...]