UK housebuilder Bellway ups selling price expectations and reinstates dividend March 24, 2021 Bellway this morning reinstated its dividend and upped its selling price expectations for this year as the UK housebuilder reported strong demand for new homes. The FTSE 250 developer said the full-year average selling price is now forecast to be more than £295,000, up from a previous estimate of £293,054. It announced it will reinstate [...]
London house prices: First-time buyers now need average deposit of £132,685 March 24, 2021 The average deposit size being put down by people taking their first step on the property ladder in London has increased by more than £20,000 since last year, according to new research published today. Halifax found that, in the 12 months to February 2020, the average deposit put down by first-time buyers in the capital [...]
Rishi Sunak cuts red tape on inheritance tax for Treasury’s ‘tax day’ March 23, 2021 Rishi Sunak will cut red tape involved with UK inheritance tax and tighten tax rules for second property owners as the Treasury today released a series of consultations and reports in what Whitehall is calling “tax day”. The measures will see the government reduce paperwork and other red tape required for people with smaller estates [...]
Exclusive: Galliard secures £76m loan to fund luxury flats above Tottenham Court Road Crossrail station March 23, 2021 The developers of a luxury residential block above Tottenham Court Road’s Crossrail station have secured £76m in financing from lenders to complete the project. Leumi UK, the London-based subsidiary of the Israeli bank, and Natwest have closed a multi-million-pound deal with Galliard Homes to fund the development of 92 flats in the West End, City [...]
Regulators have to front up to the cryptocurrency challenge as Bitcoin goes mainstream March 23, 2021 The recent surge in the value of Bitcoin has drawn attention to cryptocurrency from all quarters. Supposedly now at tipping point, the recent billion-dollar bet by Tesla added momentum to cryptocurrency’s growth and duly pushed the valuation past $1tn. Individuals and corporates are all diving into the world of Bitcoin. It’s not just Tesla; companies [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]
Time Out ditches plans for London Waterloo market due to pandemic March 23, 2021 Time Out today said it has abandoned its plans to build a food market at London Waterloo due to the impact of the Covid-19 pandemic. The media and hospitality group had been planning to open a new market under the former Eurostar platforms at the central London train station. The project was originally scheduled to [...]
Crest Nicholson hikes profit expectations as UK housing market remains ‘resilient’ March 23, 2021 Crest Nicholson has hiked its profit expectations for the year, saying the UK housing market has remained “resilient” to the impact of Covid-19. The UK housebuilder said profit before tax for the year ended 31 October 2021 is expected to be around £85m, up from previous expectations of £74.3m. Crest Nicholson’s share price jumped 4.1 [...]
Wall Street rallies on tech rebound as FTSE closes in the green March 22, 2021 Wall Street closed in the green on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields. The tech-heavy Nasdaq index closed up 1.2 per cent, while the S&P 500 and Dow Jones inched up 0.7 per cent and 0.2 per cent respectively. A sharp run-up in Treasury yields since mid-February [...]
City living: Most popular London postcodes for house hunters revealed March 22, 2021 While many Londoners have left the city during the pandemic, seeking better value for money and more outdoor space, the capital’s property market has remained active with buyers still targeting central locations. South London boroughs have been the most popular with buyers since the beginning of the first lockdown, according to the latest research, with [...]