First time buyers face significant barriers as earnings lag behind soaring house price growth November 25, 2021 First time buyers are facing significant hurdles to raising a deposit as they come up against high prices relative to average earnings. House price growth has surpassed earnings growth over the past year and the ratio of house prices to earrings has hit a record high, the Nationwide House Price Index set out. A 20 [...]
UK property market bottoms out after stamp duty relief end November 23, 2021 The end of a watered down tax relief on home sales has caused the property market to bottom out, according to official figures released today. Research by HMRC found property sales shrank around 52 per cent over the last month, dropping to 76,930 in October, down from 160,220 in September. The looming end of the [...]
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
Sophie Nelson: An ATP and WTA merger could be a true sporting force November 23, 2021 Rumours of a merger in the world of tennis between the ATP, which runs the elite men’s tour, and WTA, its women’s counterpart, are long-running. The pandemic amplified calls to unite the two organisations after the sporting calendar was disrupted and revenues impacted. A more unified system for the game could reap commercial benefits in [...]
Mauricio Preciado-Awad CA: Making a big impact with small change November 22, 2021 This article first appeared in ICAS’ CA magazine. UK social investment has grown sixfold in a decade, thanks in part to Big Society Capital using money from dormant bank accounts. Investment Director Mauricio Preciado-Awad CA tells Kitty Finstad about the big impact of small change If you were living in the UK around the time of [...]
60 Seconds With: Samantha Williams on the intersect of art and culture November 22, 2021 In this series of interviews I’ve been chatting with people who work at the intersect of culture and commerce in the City of London. Today I’m with Samantha Williams, who I met at the launch of PLAY project, a collaboration between the Guildhall Students, Culture Mile and Brookfield Properties. Williams, UK marketing manager for Brookfield [...]
London needs to have the powers to control its own destiny – and transport November 22, 2021 It is no longer headline news that Transport for London is facing a financial crisis. Last week the mayor of London revealed the network needed £1.7bn over the next 18 months simply to balance its books, and at least £1.3bn every year to make essential upgrades on the Tubes, trains and buses. This summer, Tfl [...]
Boris Johnson to force all new UK buildings to install EV charging points November 21, 2021 Owners of newly built homes and commercial buildings will be forced to install electric vehicle charging points from next year under new regulations to be announced by Boris Johnson tomorrow. The new regulations, which Downing Street says will lead to 145,000 extra charge points installed across England each year, will also extend to properties “undergoing [...]
Investor says NFTs are being ‘suffocated in the Ethereum bubble’ November 19, 2021 Alex Mitrovich is both an investor and an entrepreneur, but the latter definitely comes first, as Jillian Godsil discovers.
Don’t wait till after Christmas to sell your property November 18, 2021 There was a time when the property market could quite logically be split into seasons. But, such is the disruption to all our usual timetables and routines, that is no longer the case. The seemingly never-ending chain of events that impacted the the market in recent years, from tax changes and SDLT holidays to Brexit [...]