Westfield shopping centre in Stratford expects more visitors in 2016 than it received in the year of the Olympics July 29, 2016 Westfield's Stratford shopping centre is expecting higher footfall than it had in the year of the Olympics, thanks to regeneration in Stratford. John Burton, Westfield's head of development, said there had been a plan to have 4,000-5,000 new homes built in Stratford – but now, 10,000 new homes are expected in the Stratford City site. Read more: Westfield to create [...]
Mapped: First-time buyer house prices in every London borough July 29, 2016 Thinking of buying your first home? Thinking of helping your children buy their first home? Here's what you're up against in London. Estate agent eMoov.co.uk has released the average house price for first-time buyers in every London borough – and it's not very encouraging. Read more: Everything you need to know about the UK's housing market after [...]
Rightmove’s shares just jumped after it reported impressive mobile traffic July 27, 2016 Don't write off the UK's property market quite yet: shares in Rightmove jumped this morning, after it reported a surge in mobile traffic. The figures The property portal said this morning that revenues had jumped 16 per cent to £107.9m in the six months to the end of June, while pre-tax profits rose to £80.6m, from £66.6m last year. It signed [...]
Veri-hoo? The $4.83bn Verizon Yahoo deal is go – here’s what you need to know July 25, 2016 It's official: the US telecoms firm Verizon has snapped up the messy internet business of Yahoo in a deal worth $4.83bn (£3.7bn). That includes such things as Yahoo's online search, Yahoo Mail and instant messaging, and – perhaps most importantly – its ad business. Yahoo first announced it was on the chopping block earlier this year several firms [...]
The most (and least) affordable places to live in Britain July 24, 2016 If you're a first-time buyer looking to jump on to the first rung of the ladder, it's time to look beyond London to get the most bang for your buck. The top 10 least affordable areas for wannabe homeowners are located in the capital as the average price of property for first timers jumped 12 [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
Trump won the nomination battle – but Ted Cruz’s remarkable speech kicked off the war for the soul of conservatism July 21, 2016 "Vote your conscience”, senator Ted Cruz asked of the crowd at the Republican National Convention in Cleveland, Ohio on Wednesday night. That’s when the boos started rolling in. “Vote for candidates up and down the ticket who you trust to defend our freedom and to be faithful to the Constitution,” the former candidate for the [...]
The housing market was buoyed by mortgage momentum on the eve of the EU referendum July 21, 2016 Mortgage lending rocketed to an eight-year high before last month's EU referendum as the housing market showed few signs of pre-vote jitters Figures released by the Council of Mortgage Lenders (CML) showed £20.7bn was dished out to homebuyers and re-mortgagers in June – 16 per cent more than in May. The figure was an eight-year [...]
Nobody wins from a house price crash July 21, 2016 The full effects of the referendum on Britain’s economy are still unknown. Stocks are faring relatively well, with the FTSE 100 bursting over 6,700 and the FTSE 250 hitting a post-vote high. The pound remains slumped below $1.32, however, while consumer confidence appears to have taken a tangible knock. Many business leaders are worried, and some [...]
UK house prices: This map shows every house price at nearly every railway station in England, Scotland and Wales July 20, 2016 For many first-time buyers, the path to property ownership is moving out London. But when you have a job in the capital, that's easier said than done. Step forward, online estate agent Emoov, which has produced a map of the average house price in the area surrounding almost every train station in the UK – [...]