London house prices: Home buyers increasingly face a sellers’ market June 9, 2021 London’s property market witnessed a 19.4 per cent decrease in the number of sellers willing to drop their asking prices, according to new data shared with City A.M. this morning. The uplift in sellers’ confidence, researched by Chestertons, echoes Halifax’s latest House Price Index for May, which revealed that the average property price in London [...]
Tide high on £350m valuation after Apax Digital funding June 8, 2021 British fintech firm Tide is said to be closing in on a £350m valuation following a fresh cash injection from the growth arm of private equity giant Apax Partners. The Apax Digital Fund is finalising an investment in the business banking platform worth tens of millions of pounds, Sky News reported. The funding round is [...]
UK housing market is ‘on fire’ and will widen wealth gap, says BoE’s Haldane June 8, 2021 The UK housing market is “on fire”, and as a result is likely to hit those without property especially hard, Andy Haldane, chief economist at the Bank of England, has said. The housing market has been fuelled by a combination of government incentives for buyers, like the stamp duty holiday, more demand from households with [...]
Domestic M&A retreats in first quarter after dealmaking wave at the end of 2020 June 8, 2021 Domestic UK M&A fell in the first quarter of 2021 after a flurry of dealmaking towards the end of 2020. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office [...]
London won’t see exodus – but property growth rates may slow, says Onthemarket June 8, 2021 Property growth rates in the capital could slow in the medium-term, as pandemic-led lifestyle changes like wanting a garden or office space are likely to continue. House prices in the UK have on average grown by £22,000 in the last 12 months, according to the latest figures from Halifax, however prices in London have lagged [...]
First-time buyers: London’s most affordable and up and coming areas June 7, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market is [...]
London house prices: Asian homebuyers cash in on pandemic decline and weak pound June 7, 2021 Foreign buyers from primarily East Asian nations are cashing in across London’s new build market as a result of a pandemic decline in property prices, coupled with a weaker pound. According to new research by the defect management firm BuildScan, fluctuating exchange rates during the pandemic added to the appeal of the London property market [...]
Chase away the blues with a glass of delicious… blue wine June 7, 2021 This Saturday is National Rose Day, but perhaps it’s time to get a bit more adventurous and celebrate with something blue instead? You see, there are more than 900 vineyards in the UK but only one makes dry sparkling blue wine… Adgestone Vineyard on the Isle of Wight, among the oldest continuously operating vineyards in [...]
Housebuilder stocks soar as property prices climb another £3,000 to new record high June 7, 2021 House prices in the UK rose again last month by around £3,000, bringing the average property price up to a record high of £261,743. May’s 1.3 per cent price increase means the average home in the UK has increased by more than £22,000 – or 9.5 per cent – in the last 12 months, according [...]
Travelodge opens seven new hotels ahead of domestic summer travel boom June 7, 2021 Travelodge, what is thought to be the UK’s first budget hotel chain, have opened the doors to seven new hotels today following a £70m injection. The seven properties, which form part of 17 hotels that are expected to open later this year, are set to create around 150 jobs. Dotted across St Albans, Boston, Faringdon, [...]