Ed Miliband wants City to fund NHS spending but fails to mention UK deficit – Labour Party Conference September 23, 2014 Labour leader Ed Miliband yesterday unveiled controversial plans to force the City to pick up the bill for extra spending on the NHS if his party won next year’s election Announcing a new levy on the profits of tobacco companies, the apparent scrapping of intermediary tax relief on derivatives and a tax on the [...]
London property market: Why a mansion tax could be disastrous for government coffers September 10, 2014 The threat of a mansion tax still looms large over the prime London housing market – despite the fact it could end up cutting the amount of tax paid to the government, according to research from property consultancy Savills. A mansion tax has been suggested by both the Liberal Democrats and Labour, and has proven [...]
Focus On… The City: residential is finally taking off in the Square Mile September 5, 2014 When it comes to residential developments, the Square Mile has a bit of an image problem. The ancient financial heart of the City of London has been abuzz with business for 1,000 years and it’s still graced by some of the capital’s most impressive architecture. Around 370,000 people go there to work every day, but [...]
The 12 London streets where house prices are £10m plus August 26, 2014 Figures by Zoopla published on Tuesday show almost 500,000 homeowners in the UK are now property millionaires. According to the figures, the number of streets in Britain where houses are worth over £1m has risen by almost a third since August last year. Not surprisingly, though, London has the most expensive streets – including Kensington Palace [...]
Zoopla’s UK property rich list reveals number of housing millionaires set to hit 500,000 August 25, 2014 Almost 500,000 homeowners in the UK are now part of the so-called property millionaires club after an explosion in the number of houses valued over £1m during the past year. The property rich list, released today by property website Zoopla, said that 484,081 flats and houses are now worth a seven-figure sum – up 49 [...]
UK homeowners brace for interest rate hike with fixed mortgage payments August 20, 2014 Most homeowners in the south east are worried about the impact of an interest rate hike in the next 12 months, a Halifax study shows today. However, increasing numbers are preparing for the increase by fixing their mortgage payments. Halifax found 53 per cent of people in the south east were concerned about rates, while [...]
Design your own holiday home in The Cotswolds August 14, 2014 It’s a stifling summer’s day in London and work is exhausting. You shut your eyes and imagine escaping to an idyllic rural retreat complete with picturesque villages, a smattering of good restaurants, pubs, and a vibrant social scene. You’ve effectively transported yourself to the Cotswolds. This fantasy of a tranquil home-away-from-home is what the owners [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
UK house prices: More expensive properties take up growing share of market July 14, 2014 More high-end properties are now entering the housing market than at any time in the last four years, according to a report released this morning. Figures from Experian show that the number of homes entering the British housing market worth over £500,000 is up by 29.9 per cent. The number of houses in the bracket [...]
Rising UK house prices give pensioners a boost July 8, 2014 Soaring house prices and the strong pound have boosted UK pensioners’ standard of living at home and abroad, a raft of new data showed yesterday. For expats living in the Eurozone, the basic pension increased by nearly 10 per cent in the past year, according to an analysis by Prudential. The strengthening pound pushed expats’ [...]