First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Focus On: Islington – An area that has all a savvy buyer needs November 5, 2021 One of those neighbourhoods that has it all, Islington combines lively restaurants and bars, inviting pubs and attractive residential areas with Georgian townhouses, garden squares and quaint terraces. Less bourgeois than west London, it attracts a mix of high-earning middle class millennials and boomers, families, and hipster house sharers with a liking for arts and [...]
UK house prices surpass £270k November 5, 2021 UK house prices have hit a record high as the average property tops £270,000. Annual house price inflation has reached 8.1 per cent, from 7.4 per cent, according to Halifax’s house price index. London has remained the weakest performing area of the UK by quite a stretch. Annual inflation was 0.8 per cent, compared to [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
Estate agent Purplebricks shares topple after drop in supply November 4, 2021 Online estate agent Purplebricks’ shares plummeted following a trading update highlighting a drop in supply in the market. In an update on Thursday, the estate agent said for the six months ended October 31, the market had been “challenging.” Its share price dropped more than 35 per cent on Thursday morning. “New instructions have slowed [...]
Mark Kleinman: Will Barclays be able to explain their backing for Staley? November 4, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Barclays in the headlines again What is it about Barclays and rough-Diamond bosses? In the end, the surprise was not so much that Jes Staley left the British bank mired [...]
Renters return to capital in droves as applications double November 3, 2021 Tenant applications for London rental properties more than doubled in the last six months, as the return to the capital gained pace. Applications for London homes were up 104 per cent compared to the previous six month period, when uncertainty over lockdowns raged. There has also been a 173 per cent jump from the peak [...]
UK house prices hit new highs with typical home topping £250k November 3, 2021 House prices have hit record highs, with the average property hiking more than £30k since the pandemic struck. Nationwide’s House Price Index was published against a backdrop of the Bank of England being anticipated to raise interest rates in response to rising inflation. The typical UK home has topped a quarter of a million pounds [...]
Scotland says, who needs oil and gas when you have whisky? November 2, 2021 As world leaders and conservationists continue to put more pressure on the use and extraction of fossil fuels to preserve the planet and combat global warming Scotland moves investors swiftly away from this sector to one of its oldest and most prized exports, whisky: Yes, you read correctly whisky, and what’s more surprising is scotch [...]
Build to rent developer Watkin Jones forecasts £430m revenue November 2, 2021 Rental developer Watkin Jones has reported an optimistic trading update, forecasting £430m revenue. Its forecast revenue is slightly below expectations but with a stronger gross margin that reflected the timing of land sales either side of the year end, it said. In the trading update for the year ended September 30 2021, the property manager [...]