Gross mortgage lending down seven per cent in September October 20, 2016 Gross mortgage lending fell seven per cent last month, but hit the highest September figure since 2007. According to the Council of Mortgage Lenders (CML), gross mortgage lending was £20.5bn in September, down seven per cent month-on-month. Read more: London boss of Barratt Developments arrested on suspicion of misconduct The figure represented a two per [...]
Homes in “UK’s tallest residential tower” go on sale in Canary Wharf and other new homes on the market this week October 14, 2016 Spire, Canary Wharf From £595,000 Apartments in the UK’s “tallest residential tower” on the cusp of Canary Wharf went on sale yesterday. Rising to 771ft with 67 storeys, it cost Chinese developer Greenland Group £800m to build adjacent to West India Quay DLR station and the Museum of London Docklands. There will be 861 one [...]
Housebuilders’ share prices struggle towards the pre-referendum summit after positive outlook from Telford Homes and Countryside October 12, 2016 Telford Homes' share price jumped 4.7 per cent in early morning trading after the company issued a confident trading update, pulling other housebuilders towards their pre-referendum prices. Countryside Properties' shares were also on the up – increasing 3.5 per cent at time of writing – when the housebuilder said any impact from the June referendum had been mitigated. [...]
Housebuilders and domestically-focused stocks hit by fears of hard Brexit October 10, 2016 The aftershocks of sterling's flash crash last week are still being felt in the City with domestic stocks suffering in trading today. When markets opened in Asia on Friday, the pound fell six per cent in two minutes, a plunge thought to have been caused by automatic trading systems responding to comments by French President Francois [...]
Here’s what the Monopoly board of 2016 looks like October 10, 2016 When Monopoly was created in 1935, the price tag for a Mayfair property was just £400 – but house prices have changed a lot since then. So if the Monopoly board was drawn up now, what would it look like? The cheapest parts of the board are still the same, but the average price on [...]
New homes on sale in London: from riverside homes in Woolwich to an old furniture factory in Hackney October 7, 2016 Royal Arsenal Riverside, Woolwich From £422,500 The first homes with a view of the river are on sale at Berkeley Homes’ new scheme. The 20-storey building also overlook a new four-acre Waterside Park that connects Woolwich Town centre to the river path. In total, there are 266 studio to three bedroom flats on sale at [...]
Why your investments might be promising something too good to be true October 4, 2016 Investors usually wouldn't turn their nose up at a bumper dividend payout, but research out today has warned many FTSE 100 companies might be promising more than they can deliver. Nearly half (48) of FTSE 100 firms have planned for dividends which are more than two times their forecast earnings for 2016, which AJ Bell [...]
Housebuilder shares on the road to recovery after Brexit vote falls October 4, 2016 Housebuilders' shares are on the road to recovering the losses they sustained after the Brexit vote on the back of chancellor Philip Hammond's announcement of a £5bn stimulus package for the industry. Hammond said yesterday that he would be setting aside money to encourage developers to build on surplus public land and to fund more [...]
Housebuilder share prices climb on chancellor’s £5bn stimulus package for the industry October 3, 2016 Housebuilders' share prices have been climbing today after chancellor Philip Hammond announced he would be providing a £5bn stimulus package for the industry. Hammond will be setting aside £3bn to help build 25,000 homes during the parliament and a further £2bn to encourage developers to build on surplus public land. At time of writing, Persimmon's [...]
Oil prices slide back to $48 after two-day jump September 30, 2016 Oil prices fell today after a seven per cent rise in the last two sessions as doubts grew over the ability of Opec's output cut to accelerate the stricken market's recovery. Brent crude, the global benchmark, fell as much as 1.77 per cent to $48.62 per barrel in mid-morning trading, having settled up about 1.1 per cent [...]