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      ‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’

      HS2 construction progress at Birmingham station with cranes and workers, highlighting UKs high-speed rail project development

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  • Limited edition Aston Martin V12 Vantage is a ‘spectacular finale’

    March 24, 2022

    Limited to just 333 examples, the dramatic new V12 Vantage celebrates the end of Aston Martin's 12-cylinder supercar.

  • Home buyers face stamp duty of up to 881 per cent higher after Covid-inspired tax holiday 

    March 24, 2022

    Since the pandemic-inspired stamp duty holiday came to an end, the amount of SD the average homebuyer in England is now required to pay is 84 per cent higher than it was before the tax break was introduced, and some areas have seen this cost increase by as much as 881 per cent, according to [...]

  • Ed Warner: Does it really matter if Chelsea buyers are true Blues fans?

    March 24, 2022

    Who are the wannabe owners of Chelsea trying to impress when they flaunt their fandom? Investment bank the Raine Group is only likely to give a jot when someone first stood in the Shed, or how long they’ve sat in the same seat in the Matthew Harding Stand, if this matters to HM Treasury. If [...]

  • As it happened: Rishi Sunak’s Spring Budget 2022

    March 23, 2022

    Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam   With the cost of living crisis, rising inflation, war in Ukraine and [...]

  • Home transactions up with market for pricey properties booming compared to pre-Covid levels

    March 22, 2022

    Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]

  • Trading in Russian bonds resumes, but yields fly higher

    March 21, 2022

    Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]

  • UK house prices surge above £350,000 as demand outstrips supply

    March 21, 2022

    The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.

  • Gazprom chases buyers amid mass exodus

    March 20, 2022

    The British arm of Kremlin-backed gas giant Gazprom is scrambling to find buyers to prevent its collapse with customers fleeing the company.

  • Pupil sells verified NFTs of real homes with proptech eyeing total revenue opportunity of $70m

    March 19, 2022

    Spatial data firm Pupil has sold what it says are the first-ever verified NFTs of real-life properties. The London based proptech has launched a new class of NFT which involves very detailed digitisations of real life properties. Speaking exclusively to CityA.M., the company confirmed it has already garnered buyers across residential and commercial real estate.  [...]

  • Today’s crypto investors will rule the booming NFT market

    March 18, 2022

    Nigel Green says cryptocurrencies and NFTs are shaking up the global financial architecture as they increase in dominance.

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