House prices rise at fastest pace in two years September 30, 2024 House prices have risen at their fastest pace in two years as easing mortgage rates shift the UK’s property market back into gear, new figures reveal. House prices across Britain rose by 3.2 per cent year on year in September and 0.7 per cent month on month, according to Nationwide’s house price index. “Mortgage rates [...]
Home REIT sells off another £36.9m of property in wind-down scramble September 30, 2024 Scandal-hit social housing investor Home REIT said it had offloaded another £36.9m worth of property today as it scrambles to clear its debts before winding down. In a statement to the markets, the former FTSE 250 firm said it had sold 200 houses at a series of public auctions last week as part of efforts [...]
Guinness World Records to open London leisure venue September 30, 2024 Guinness World Records' central London competitive socialising venue is expected to welcome nearly 11,000 visitors every month.
Demand for luxury city houses falls on pre-budget caution September 30, 2024 Fears over potential changes to tax policy in Labour’s upcoming budget have continued to dampen the positive effects of lower interest rates on demand for prime property in London, according to new data. Buyers are nervously awaiting potential tax changes in the Government’s first budget, which has been described as assigning a “heavier burden” to [...]
Rising buyer confidence boosts UK residential property market September 27, 2024 HMRC data shows that residential property transactions increased due to buyer confience and more mortgage options
Murdoch’s REA group tables fourth £6.2bn bid for Rightmove September 27, 2024 The Rupert Murdoch-controlled property group vying to buy Rightmove has tabled a fourth £6.2bn bid for the firm and called on its board to engage in talks today as a deadline for the deal looms next week. In a statement to the market, REA Group, part of the Aussie media magnate’s business empire, said it [...]
Financial advisor: Plan for a ‘devastating’ inheritance tax raid September 26, 2024 British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
Abrdn trust to strike £350m deal with Travelodge owner September 26, 2024 Abrdn Property Income fund is in “advanced discussions” to sell almost all of its portfolio to fund managed by Travelodge owner, Goldentree Asset Management. The £227m investment trust saw a bid from Custodian Property Income REIT voted down earlier this year, leaving the trust to begin winding down. Only 60.8 per cent of Abrdn shareholders [...]
Mark Kleinman: Post Office needs a boss who can read the room September 26, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City AM column.
Inheritocracy: We need to talk about the Bank of Mum and Dad September 26, 2024 Inheritance, tax and social care are interlinked, and it is time we talked about it, writes generational expert Eliza Filby