Warnings housing market may ‘enter bubble territory’ if lending checks eased December 6, 2021 The Bank of England is readying itself to relax mortgage lending rules despite fears it will trigger a housing bubble, it has been reported. The Telegraph reported that policymakers are looking at relaxing affordability checks for borrowers. The rule changes are being mulled amid a review of market restrictions this will finish shortly. Officials are [...]
Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
First time buyers ‘still getting raw deal’ with £449k average price for London home December 2, 2021 First time buyers paid an average price of £449,000 for a London home, fresh statistics outlined today. Third quarter average prices were down from £478,000 in the second quarter as the market cooled off from pandemic highs, according to the Office for National Statistics. The average advance in the last quarter was £309,339 while the [...]
Red hot property market makes Brits the richest they have ever been December 2, 2021 A booming property market triggered by a tax holiday and Brits demanding larger homes has made the UK the richest it has ever been. Household wealth in Britain swelled 8.4 per cent over the last year to £11.2 trillion, the highest it has ever been since the Office for National Statistics (ONS) started tracking the [...]
Generation rent: Most Brits believe housing crisis will not be resolved in their lifetime December 2, 2021 Less than one in six UK adults believe the housing crisis will be resolved in their lifetime, with confidence in the Government equally low, while more than half of all Brits see the housing crisis as one of the country’s most pressing societal issues at present, according to new research that was exclusively shared with [...]
The supermarket wars are in full swing and Tesco is beefing up to fight its turf December 1, 2021 I last saw Sir Terry Leahy in 2013, two years after his messy divorce from Tesco. He agreed to a chat about retail on the condition he wouldn’t have to talk about the supermarket juggernaut he helped to create or his successor, Philip Clarke, who’d begun to question the state of the business he’d been [...]
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
London lags behind country on house price growth December 1, 2021 London is still playing catch up to the rest of the country on house price growth, Rightmove data revealed today. The national average price of property is set to rise 5 per cent next year, thanks to the ongoing trends of fierce buyer demand and low stock levels. However, the London market will grow at [...]
Golden opportunity: Hochschild Mining acquires Brazil-focused firm for $105m November 30, 2021 Hochschild Mining has acquired a long-life gold asset in a Brazil-focused firm following its recent political difficulties in Peru.
Hammerson reveals it hopes to pocket more than £140m from sale of Silverburn shopping centre November 29, 2021 Retail property giant Hammerson is in talks over the sale of the Silverburn shopping centre near Glasgow for around £140m. Shares in the company moved higher on Monday after it confirmed talks over the disposal of the site, which is a 50-50 joint venture Hammerson holds with the Canada Pension Plan Investment Board (CPPIB). Silverburn, [...]