This is where all the bankers live (and it’s not West London) August 12, 2016 West London has normally been thought of as the residential hot-spot for bankers – but although it still houses the most wealthy people in London, the City folk have moved out. City workers are now concentrated in the Isle of Dogs and fashionable Islington, according to data from salary benchmarking site Emolument. Read more: Mapped: First-time buyer [...]
The number of mortgages in arrears and repossessions fell in the last quarter August 11, 2016 The number of mortgages in arrears continued to fall in the second quarter, reaching its lowest level since records began. According to the Council of Mortgage Lenders (CML), at the end of June there were 92,500 mortgages in arrears of at least 2.5 per cent of the total mortgage outstanding – down from 95,900 at [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]
First-time buyers secured more mortgages in June than at any other point since August 2007 August 10, 2016 First-time buyers boosted mortgage lending in June as tax changes designed to deter buy to let landlords took effect. June mortgage lending was up by 29 per cent month-on-month, according to lending data from the Council of Mortgage Lenders (CML). Mortgage lending was up by 12 per cent compared to the same month last year. First-time [...]
Vendors trying to shift property after the Brexit vote have cut prices by nearly 10 per cent in some parts of London August 10, 2016 Vendors trying to shift their property in the aftermath of the Brexit vote and stamp duty changes are cutting prices by nearly 10 per cent in some parts of London. Data from Zoopla shines a light on just how many houses have had their prices reduced, and by how much. Read more: Here's everything you need to [...]
A probe into Premier League broadcast rights has been dropped August 8, 2016 A major probe into the rights to air Premier League football on UK television has been dropped by the regulator. The two-year probe has been drawn to a close after Ofcom decided there was enough progress being made on making more games available to watch while football fans seemed largely happy. The investigation was first launched [...]
Good, bad, ugly? Nobody can agree on what the recent house price data means August 5, 2016 Halifax said this morning that house prices fell between June and July and that annual and quarterly rates of house price growth are slowing. City A.M. has heard talk of buyers wanting 10 per cent off the price of properties because of the Brexit vote, and earlier this week, Knight Frank said prices for high-end houses in [...]
Olympic jump! Here’s how far house prices have gone up in the area near London’s Olympic Park August 5, 2016 With the Rio 2016 Olympic Games kicking off today, it seems like an appropriate time to reflect on the London Olympics – and how they affected house prices. Research from Lloyds Bank has shown that house prices near the Olympic Park have risen by 53 per cent since September 2012, up from an average of £286,638 [...]
New homes on sale in London: from restored Victorian terraces in Bayswater to new homes in up-and-coming Walthamstow August 4, 2016 Brackenbury Square, Hammersmith From £550,000 Live the west London village life a short walk away from Goldhawk Road tube station at Brackenbury Square. The Notting Hill Sales development takes its name from nearby Brackenbury Village, which is in the Hammersmith Grove Conservation Area with all the boutiques and independent shops the village name engenders. There [...]
Here’s how far fixed rates have fallen in the last six years August 4, 2016 Fixed rate mortgages have fallen continuously for the past six years – with marked falls taking place before the Brexit vote. Rates have fallen by an average of 2.5 per cent since 2010, according to data released today from Legal & General. Read more: Experts are not impressed by HSBC's new 0.99 per cent fixed [...]