UK house prices have reached an all-time high – but price growth is slowing in London November 23, 2015 UK house prices surged last month, taking the average cost of a home to an all-time high – but London is falling behind. The country's average rose by 1.9 per cent in October, taking the annual growth to 10.5 per cent. That means the national average cost of a house now stands at £224,242, according [...]
Prestigious brands suffer falling sales in China – but luxury hasn’t lost its lustre just yet November 19, 2015 Fom Hermes handbags and Tiffany jewellery, to Moet champagne and Hennessy cognac, luxury companies have had a storming run on the stock markets since the turn of the millennium. Alongside high-end brands with very exclusive products, the luxury sector also includes names considered commonplace in the West, such as Nike, L’Oreal and Swatch – which [...]
Where’s the hardest place in England and Wales to get on the housing ladder? November 19, 2015 By now we’ve all heard – and heard again – how hard it is to get on the housing ladder. In the capital alone – where a generation has been priced out of the property market – one organisation has already said people should “just move out of London“. But just where in the country is it [...]
What will secondary markets look like in crowdfunding and P2P? And what should investors be thinking about? November 19, 2015 Imagine you’d loaned money to a company via a debt-based crowdfunding platform. The term of the loan was 10 years, but after five, despite earning a decent return on it, you decide you want the original loan amount back. This is where a secondary market comes in, allowing you to sell your previously issued security [...]
Alt Fi Data on its new report, why transparency is so badly needed and what platforms need to do now November 19, 2015 It's been difficult to garner much substantive data on the equity crowdfunding industry. Reports have often been scanty, or just inaccurate. Evidently, the youth of the industry has meant that samples have not been large enough, or raises not long enough ago, to draw any meaningful conclusions. But with most of the larger players [...]
With consumer price index inflation negative but house price rises strong, is CPI failing to capture the cost of living? November 17, 2015 Shaun Richards, an independent economist, says Yes A fundamental problem with the UK official CPI inflation measure is its exclusion of owner-occupied housing costs. Without them, it arrives at an ice-cold annual rate of inflation of -0.1 per cent for October. However, our official statisticians also report house prices rising at an annual rate of [...]
London house prices: Buyers in the capital now have £100k income for first time ever November 17, 2015 The average income of London's homebuyers has shot up in the past three months, putting the figure at a six-digit sum for the first time since records began. Buyers' income now stands at £104,000, a rise of six per cent on the previous three months, according to the latest official figures on house prices from the Office [...]
UK house prices: Greenwich, Kew, Westminster and the country’s Unesco World Heritage sites command an £80k property premium November 17, 2015 Homeowners living near the landmarks of maritime Greenwich or leafy Kew Gardens are sitting on a premium worth nearly £80,000. Along with another 27 spots across the country – from Devon to Orkney- homes nearby command more thanks to their status as a World Heritage Site. While the average property price across the UK comes in at £284,127, those located near to a [...]
UK house price growth at its highest since March – as average house price edges towards £290,000 November 17, 2015 The average UK house price hit £286,000 in September this year, setting yet another record, after August's average of £285,000. Prices rose 6.1 per cent in the year to September, up from 5.5 per cent in the year to August. Between August and September, prices rose 0.8 per cent on a seasonally-adjusted basis, with first-time buyers found [...]
London rent price rise 2015 defies traditional Autumn slow down November 17, 2015 London rents continued to climb in October, up 0.8 per cent, hitting an average of £2,063 despite the seasonal slowdown usually associated with Autumn months. The data suggests that London’s housing shortage, falling unemployment rate, and growing pay is the cause, according to the analytics company MIAC in its monthly Landbay Rental Index. So far [...]