Mansion tax would hit twice as many houses today as in 2009 June 25, 2014 THE NUMBER of houses which would be hit by a mansion tax has doubled in the past five years, alongside the rapid recovery in prices, especially in the capital. Research released by consultancy Knight Frank yesterday indicated that a tax on residential properties which cost more than £2m would hit twice as many homes today [...]
Tory peer Lord Spicer decides to step down from EnergyUK June 17, 2014 Lord Spicer, the former chair of the Conservative 1922 committee, is stepping down from chairing EnergyUK – the industry’s trade association – just as the domestic energy market is coming under intense political pressure. According to Sky News, Lord Spicer notified EnergyUK’s board earlier this year of his decision. Angela Knight, the former chief executive [...]
British buyers snap up over half of London’s £10m homes June 10, 2014 THE NUMBER of Brits buying UK properties worth over £10m has soared over the past year and they now make up most of the market as the economic recovery gathers pace. British buyers of super-prime homes have risen from 36 per cent in 2013 to 53 per cent of the market since the start of [...]
British buyers are now snapping up over half of London’s £10m-plus homes June 10, 2014 The number of Brits buying properties worth over £10m has soared over the past year and now account for more than half of the market as the economic recovery gathers pace. British buyers of super-prime homes have risen from 36 per cent in 2013 to 53 per cent since the start of 2014, today’s [...]
Brussels tells UK: Build more to cut risks from housing boom June 2, 2014 LONDON’S house price boom is creating dangerous imbalances in the British economy, the European Commission warned yesterday. More houses are needed to return the market to health, the study said, noting that soaring prices are driving up household mortgage debts and building financial risks. “The relatively slow response of supply to increases in demand continues [...]
Imperial Innovations in £150m share placing to fuel investment June 2, 2014 IMPERIAL Innovations, the Aim-listed commercialisation firm founded by Imperial College London, announced yesterday that it is raising up to £150m to invest in research coming out of universities over the next 12 months. Imperial said it will raise the funds as part of a placing of new shares with existing and new institutional investors later [...]
Global house prices slow as the UK jumps up world rankings June 2, 2014 Global house prices have increased for the eighth quarter in a row but the rate of price growth is now slowing, according to figures out today from Knight Frank. Prices rose by 7.1 per cent in the year to March, according to the property agency’s Global House Price Index. However the last quarter [...]
London will be home to 1m more by 2021 May 29, 2014 THE POPULATION of London will have risen by 13 per cent at the time of the next census, up by over one million to nearly 9.5m, increasing at more than twice the speed of the rest of England. Excluding London, the rest of the English population will grow by only 6.1 per cent between the [...]
Any Other Business – 29/05 May 29, 2014 The Capitalist has been bowled over by the respondents to yesterday’s offer of free tickets to this weekend’s Foodies Festival – a clear indication of gastronomic love in the City. They came in thick and fast, inspiring us to add a few more pairs of tickets to the pot. Assuming all winners will pop along, [...]
World Cup tips? Check out who Goldman backs May 28, 2014 WHEN it comes to getting your World Cup odds this summer, you’re more likely to head to Ladbrokes or your mate Tommy down the local boozer than banking giant Goldman Sachs, but there’s a chance you’d be better off going with Goldman. The bank’s World Cup and Economics Guide is out: it backs Brazil to [...]