Henry Moser weighs up £2bn Together buyout April 17, 2022 Together Financial Services has asked private equity firms to submit indicative offers this month, valuing the company at £1.5bn.
Price of average UK home skyrockets to £276.7k as cost of living crunch clouds home ownership dreams April 13, 2022 The average price tag of a home in the UK hit £276,755 in February, according to government figures. Rising house prices come as Brits have been forced to tighten household purse strings amid historic levels of inflation. The annual price change for a property in the UK was 10.9 per cent. The average price of [...]
Middle class run on equity release: Cash-hungry home owners squeeze nearly £5bn out of their properties April 9, 2022 Equity release payments in the UK increased by almost £1bn in 2021, as more and more people look for alternative ways of ensuring healthy and happy retirements. Between 2020 – 2021, the amount of money released in the UK rose from £3.9bn to £4.8bn, an annual increase of £940 million, or 24.4 per cent, according [...]
BNP Paribas bags majority stake in Dutch asset manager April 1, 2022 BNP Paribas Asset Management has acquired a majority stake in Dutch asset manager and specialist lender Dynamic Credit Group. The deal brings the total assets under management to €20bn for BNP AM’s private debt and real assets investment division. BNPP’s David Bouchoucha said the deal “marks an important step” in the development of the French [...]
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Scepticism over Kremlin’s pledges weigh on London indexes March 30, 2022 A push back from western nations on the validity of Russia pledging to roll back its assault on Ukraine drove a mixed day for London’s top indexes today. The capital’s premier FTSE 100 index climbed 0.55 per cent to 7,578.75 points, while the domestically-focused mid-cap FTSE 250 index, dropped 1.02 per cent to 21,272.47 points. [...]
Financials rally boosts London’s top indexes March 22, 2022 A rally among financial stocks boosted London’s top indexes this morning as the FTSE 100 closes in on its pre-Russian invasion of Ukraine high. The capital’s premier FTSE 100 index closed 0.46 per cent higher at 7,476.72 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
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 [...]
Exclusive: Assetz to receive £1bn fund to aid small housebuilders March 17, 2022 Aros Kapital will inject over £1bn into lender Assetz Capital to fund lending to small businesses, including housebuilders, over the next three years. Aros will contribute at least £750m to lending, in addition to around £350m already pledged, an update shared exclusively with CityA.M. revealed. Thanks to the investment, Assetz is readying to offer its [...]
Home sales continue to soar as buyers keen to move despite rates hike March 10, 2022 Home sales surged last month with strong demand from buyers not letting up, even in spite of an uplift to increase rates. The latest RICS Residential Market Survey reported a net balance of nine per cent more respondents saying sales were increasing. This represented the strongest reading since May 2021. The survey also reported a [...]