Property heavyweight slams housing reforms in Queen’s Speech: ‘Nothing new – simply old policies re-hashed’ May 11, 2022 The Queen’s Speech will do little to solve Britain’s housing crisis, a leading property association shared with City A.M. this morning. There were three main commitments linked to housing in the Government’s announcement; the Renters’ Reform Bill which will end unfair evictions; the Social Housing Regulation Bill which will give tenants more rights and vital [...]
Insurance brokers could face caps on commissions as FCA reviews high rise insurance market May 10, 2022 Insurance brokers could face rules limiting commissions amid the City watchdog’s review into tower block insurance coverage. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In an update, [...]
Legal & General sells all properties under Bishopsgate Property Fund to £500m tune May 9, 2022 Legal & General’s asset management arm has sold all properties held by Bishopsgate Property Fund for just under half a billion pounds. Legal & General Investment Management Real Assets (LGIM Real Assets) revealed it had sold all sites for £474m, on behalf of the joint venture partnership with PGGM and Legal & General Capital (LGC). [...]
Aussie investors are poised for a UK green investment splurge, says National Australia Bank exec May 9, 2022 Australian firms are readying a further splurge of investment into the UK to capitalise a boom in renewable energy and infrastructure projects, according to a top National Australia Bank executive.
Lack of properties in London’s poshest postcodes sees rental prices soar May 9, 2022 The cost of renting a property located in one of London’s most prestigious postcodes has jumped 28.3 per cent over the previous year, due to a shortage of rental properties and booming demand. There are now 50 per cent fewer rental properties hitting the market than before the pandemic, new figures from LonRes show. The [...]
Post-pandemic rental yields climbing with SE17, NW3 and E7 leading: ‘Naive to think renters would reject London’ May 7, 2022 London rental yields are still on the rise after a temporary pandemic slump, with southern areas providing particularly strong opportunities for buy-to-let landlords. While much of the nation’s property market enjoyed a boom during the pandemic, London’s market was hit by a dip in demand as people prioritised green, open space over urban living. This, [...]
Tech Weekly: Matt Hancock on crypto ambitions and lockdown decisions May 6, 2022 This week City A.M. reporters Lily Russell-Jones and Charlie Conchie sit down with Conservative MP and former Health Secretary Matt Hancock. They chat about his outspoken views on crypto, regulation, and the need for accessibiity when it comes to crypto investing; go through his post-Cabinet ambitions; and unpick his decision-making at the height of the [...]
Self-proclaimed Bitcoin inventor sues crypto exchanges in multi-billion-pound trademark spat May 5, 2022 An Australian cryptographer, who claims to be the inventor of Bitcoin, is suing two of the world’s largest cryptocurrency exchanges over claims they undermined his intellectual property rights by using the name Bitcoin. Craig Wright, who claims to be the real person behind the Bitcoin creator’s alias Satoshi Nakamoto, is suing Coinbase and Payward – [...]
Consumer watchdog urges energy users to boost energy efficiency to drive down household bills May 5, 2022 Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of rising energy bills.
Spiralling house prices push millions into higher stamp duty bracket May 4, 2022 Spiralling house prices have pushed 4.3m households into a higher stamp duty bracket since March 2020, according to the latest research. The average price of a home has skyrocketed by £29,000 to £249,700 since Covid-19, spurred in part by a city exodus and the rush to get deals done amid the pandemic-era stamp duty holiday. [...]