Let’s be honest, rent controls are tempting but they would be a disaster for London April 6, 2023 Rent controls seem an attractive policy but don't be fooled: they would mean fewer new homes, fewer properties on the market and they'd risk turning London into a closed city, writes Matthew Lesh
London house prices: Price of a home in the capital will set average buyer back by over £537k April 6, 2023 London house prices continued their upward climb with the average price of a home in the capital £537,250 in March. Halifax’s house price index found that Greater London alongside the North East, were the only areas of the country that did not experience a slowdown in the rate of annual house price inflation. As the [...]
A new tax year has started, here’s what you should be doing April 5, 2023 Savers have welcomed in a new tax year, starting Thursday 6 April. These include putting savings into tax free accounts such as Isas; the annual contributions limit for Isas will remain frozen in the 2023/24 tax year, from April 6, at £20,000. Sarah Coles, head of personal finance at financial services provider Hargreaves Lansdown, said: [...]
Homebuyers in London forced to wait it out as UK housing market slows down April 5, 2023 The average time to sell a home jumped by 15 days year-on-year in March as the UK’s housing market was impacted by increased living costs and soaring inflation. Estate agent Zoopla said homes in London took the longest time to sell with property taking an average of 44 days, likely fuelled by the soaring prices [...]
Got the minerals? How Glencore’s failed takeover reflects urgency of green push April 4, 2023 Glencore’s failed takeover bid for Canadian miner Teck Resources reflects the growing urgency from miners to demerge from fossil fuels.
The London boroughs with the lowest property prices: Where is the cheapest place to buy in London in 2023? April 3, 2023 With the OBR expecting property prices to drop by 10 per cent this year, first time buyers are tentatively hoping that 2023 might be the year they can finally afford to get on the property ladder. But with London’s property market still too hot for many young buyers, where is the best borough to buy? [...]
How do you value a football club? Why luxury brands may hold the secret April 3, 2023 It is a question playing on the minds of Sir Jim Ratcliffe, Sheikh Jassim Bin Hamad Al Thani and Manchester United’s other suitors. The Glazers have already come up with their own answer, while Todd Boehly and Clearlake Capital had to grapple with it before buying Chelsea last year. How exactly do you value a [...]
The New Reason People Don’t Want To Come Back To The Office April 3, 2023 More than a third of UK workers would quit their current role if their employer demanded they return to the office full time. That’s according to recent data which found that 32% would move to a different industry, 19% would take a pay cut, and 30% would adopt a new career in order to continue [...]
Explainer: UK house prices and their swift fall March 31, 2023 House prices in the UK have fallen at their fastest yearly pace since 2009. The price of an average property fell 3.1 per cent from a year ago, according to the Nationwide Building Society. The average house price in March was £257,122. The figures show prices falling also on a monthly basis, for the seventh [...]
How likely is a UK property market crash and what IS happening with house prices? March 31, 2023 This week prospective buyers were hit with another flurry of less-than optimistic reports about the outlook for the housing market; house prices continued to fall in value and mortgage approvals struggled to get above pre-pandemic levels. Nationwide’s report found that house prices fell 3.1 per cent in March, the largest annual decline since July 2009 [...]