Why PwC’s Global Sports Survey is good news for the owners of Manchester United and Liverpool February 7, 2023 From Chelsea’s record-breaking spending on new footballers to debate over the future of the Davis Cup and Billie Jean King Cup in tennis and the arbitration between legacy tours and LIV Golf, private equity and sovereign wealth have been intertwined with some of sport’s biggest stories so far in 2023. The trend is only set [...]
UK in the dark about real owners of £6.7bn worth of British properties February 7, 2023 The UK government is still in the dark about who owns tens of thousands of British properties, after thousands of offshore firms failed to comply with new transparency laws, which campaigners said exposes the UK property market to huge money-laundering risks. There are almost 52,000 properties in Britain, worth a combined sum of £6.7bn, that [...]
House prices are poised to slide in 2023 but straight into the hands of the lucky few February 7, 2023 There’s a pretty wild variety of house price predictions doing the rounds. Capital Economics have forecast they could fall 12 per cent, while experts at property search site Zoopla are a bit more optimistic. The consensus seems to be somewhere around a six per cent fall in 2023. One thing is certain: house prices are [...]
Interest rate rise and what it means for you February 3, 2023 The Bank of England has raised interest rates to four per cent, in a widely-expected move that has implications for both borrowers and savers. Adjusting personal finances to this ‘new normal’ of higher interest rates will be a challenge for most households, admitted Paul Wilson, chief Investment officer at Channel Capital. He said although a [...]
The big boys of the housing sector can’t be the only developers we rely on February 3, 2023 New housing policy from Westminster has been pretty much non-existent, but the market itself can enable more new homes to be built by looking outside of the top developers, writes Phil Hooper.
Natwest calls for stamp duty rebate to fund green home improvements February 1, 2023 The government should offer a rebate on stamp duty to fund energy efficiency plans for new homeowners, argues Natwest.
‘Fizz has left the market’: House prices fell by 0.6 per cent in January as average property value plummets February 1, 2023 The average UK house price fell by 0.6 per cent in January, according to Nationwide Building Society. Annual house price growth slowed to 1.1 per cent , from 2.8 per cent in December, and the typical property value is now 3.2 per cent lower than its August peak, the lender said. The average UK house [...]
Brexit ‘starting to bite’ three years on but City holds out hope for Edinburgh reforms February 1, 2023 City figures are yet to be convinced by the benefits of Brexit three years down the line, but hold out hope that the government’s Edinburgh reforms could turbocharge growth in the sector over the next few years. While the City has avoided a mass exodus of jobs and maintained its status as one of Europe’s [...]
Decentralised assets – gold, silver, Bitcoin – has their time come? January 31, 2023 Jonny Fry takes a look at how decentralised assets line up against global debt and the way investors will want a digital future.
A tumble in mortgage approvals could be followed by a fall in house prices, analysts believe January 31, 2023 Mortgage approvals have plummeted to their lowest since the credit crunch after the global financial crisis in 2008, excluding the pandemic when the housing market was shut down, in a sign house prices could fall sharply soon, according to official data. The number of loans to Brits to fund a home purchase dropped more than [...]