Housing market activity fell after the EU referendum, according to chartered surveyors August 11, 2016 Activity in the housing market is projected to weaken in the coming months, according to chartered surveyors. The Royal Institute of Chartered Surveyors (RICS) said house price growth faltered in July and the outlook for house price growth "remains negative" in the aftermath of the Brexit vote and changes to stamp duty tax on second homes. Read more: Everything [...]
Central London shops crowned “safe haven” investments – but prime residential prices continue to fall August 9, 2016 Central London shops have been a "safe haven" for investment after the Brexit vote – but prices for high-end homes in central London have been falling. Investors bought up £1bn worth of prime retail property in central London during the first half of the year, according to CBRE – and total investment is set to [...]
City Moves for 8 August 2016 | Who’s switching jobs August 8, 2016 Currencies Direct Currencies Direct, a UK non-bank provider of foreign exchange and international payment services, has appointed Antony Jenkins, formerly CEO of Barclays, as the company's non-executive chairman. He will focus on further advancing Currencies Direct’s digital offering and expanding its existing international footprint, supporting the company’s strong growth potential. For three years, until July 2015, Antony led Barclays [...]
Explore the coastline of Cascais and channel your inner Dan Brown at a masonic Portuguese retreat August 5, 2016 Portugal’s national football team might have plodded to Euro victory in the most boring fashion imaginable, but the country’s Atlantic resorts of Estoril and Cascais more than compensate, providing the kind of spark and excitement their players were sadly lacking (not that we can talk). From the historic setting of Penha Longa Resort – Ritz-Carlton’s [...]
Good, bad, ugly? Nobody can agree on what the recent house price data means August 5, 2016 Halifax said this morning that house prices fell between June and July and that annual and quarterly rates of house price growth are slowing. City A.M. has heard talk of buyers wanting 10 per cent off the price of properties because of the Brexit vote, and earlier this week, Knight Frank said prices for high-end houses in [...]
Housebuilder Bellway’s share price climbs after positive set of results August 5, 2016 Residential property builder Bellway's share price climbed this morning after a strong set of results, rising 4.19 per cent in morning trading. But the company said it is "cautious" about how many sites it acquires after to the Brexit vote. Bellway added: "Since the result of the EU referendum, there has been some modest caution from a [...]
Bremainers, Cameron aides and Shami Chakrabarti get honours August 4, 2016 Former chancellor George Osborne topped the list of David Cameron’s resignation honours today, while Labour leader Jeremy Corbyn raised eyebrows with his nomination of Labour anti-Semitism report author Shami Chakrabarti. Cameron’s resignation honours rewarded “Bremainers” and many of his inner circle. Osborne has been made a Companion of Honour for political and public service, while former [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year August 3, 2016 Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]
Rent on the finest properties in the Home Counties has fallen due to over-supply August 3, 2016 Prime rents in the Home Counties have been hit by high stock levels, data released today has shown. According to estate agent Knight Frank, rents in high-end properties in the areas fell by 0.6 per cent between April and June and by 0.8 per cent year-on-year. Read more: Here's why parts of London's prime rental market [...]
A group of Saudi, Emirati and British investors have reportedly tabled a $1.3bn bid for the iconic Grosvenor House and Plaza hotels July 26, 2016 One of London's most iconic hotels may be facing new ownership after a consortium of family offices from Saudi Arabia, the United Arab Emirates and the UK have tabled a $1.3bn (£989m) bid to acquire Grosvenor House Hotel and majority stakes in two New York sites. UK family office 3 Associates announced today that it had submitted an [...]