DeFi defying gravity: risk, reward, hype and FUD June 26, 2021 Alex Lightman walks us through how decentralised finance works, including the risks and trends to look out for.
Cost of buying first home in London more than doubles over last half century June 26, 2021 Today’s first-time-buyers in London have to pay two and a half times as much for their first home as they did five decades ago, according to new research. A report published by the Resolution Foundation today shows the cost of purchasing a first home with a mortgage in the capital was £212,000 in 1974 – [...]
Investors should have a duty to investigate links to modern slavery June 25, 2021 While slavery might sound like an egregious crime of the past it is still commonplace in modern society. It is a crime that exploits and dehumanises individuals and sees them as property to be bought, sold or traded. While it is prevalent, it is not public, and across the world acts of modern slavery take [...]
Record number of homes selling for the asking price or above June 25, 2021 A record number of homes that completed in January 2021 sold for their asking price or above, and those that didn’t missed the mark by only a small amount. More than a third (37%) of homes in England and Wales achieved their asking price or more in January 2021, while those that didn’t achieved on [...]
FTSE 100 jumps as investors digest Bank of England rate decision June 24, 2021 The FTSE 100 climbed this afternoon as investors digested the Bank of England’s decision to hold rates at a record low. The capital’s premier index gained 0.56 per cent in afternoon trading to reach 7,113. A weaker pound helped to the lift the export-heavy blue chip index. Food delivery company Just Eat gained 2.19 per [...]
Homeowners could still sue for damages amid leasehold ground rent reforms June 24, 2021 Even though Persimmon Homes and Aviva have agreed to change the way they operate in regard to leaseholds and ground rent charges, homeowners could still be entitled to compensation, according to legal experts. Following a recent investigation by the Competition and Markets Authority (CMA), house builder Persimmon will allow its leaseholders to buy the freehold [...]
Minister: UK imperial and Commonwealth ties to India will help secure trade deal June 24, 2021 The UK and India’s shared imperialist and Commonwealth history will help the two countries close a trade deal, according to trade minister Ranil Jayawardena. Jayawardena also told City A.M. in a wide ranging interview that a trade deal would help the UK have more “honest conversations” with India over things like its human rights and [...]
Booming property market helps housebuilder Crest Nicholson swing to profit June 24, 2021 Soaring house prices and a flurry of activity in the market helped Crest Nicholson move from a loss to a profit in the six months to 30 April. Profit before tax at the housebuilder for the first half of 2021 stood at £36.3m, up from a loss of £51.2m a year earlier. Revenue in the [...]
London property: Hong Kong buyers flood Canary Wharf, Kensington and Mayfair June 23, 2021 London’s property market is seeing an increasing number of Hong Kong residents looking to buy or rent a home in the capital, with Canary Wharf, Kensington, Covent Garden and Mayfair being particularly popular. Sales enquiries from Hong Kong buyers have risen by 20 per cent over the past 18 months whilst demand for rental properties [...]
‘London will flourish again’ says Berkeley Group as it lands £500m profit June 23, 2021 London received a vote of confidence from Berkeley Group this morning as the housebuilder’s boss said he believed the capital is set for a post-pandemic boom. The Group made a profit before tax of more than half a billion pounds in its last financial year, much of which was driven by the sale of properties [...]