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 [...]
Don’t believe naysayers predicting the death of London and a exodus to rural idyll, the capital will be rich with post-pandemic opportunities March 20, 2021 London, as I know and love it, is a place of streets swelling with people, of shimmering, seductive shops, enticing bars and restaurants from every corner of the earth, and of constant sound – the hum of the UK economy. The capital attracts more than 20 million overseas visitors a year, drawn in by theatres, [...]
City Corporation launches public consultation for revised City Plan March 19, 2021 The City of London Corporation has today launched a public consultation for the revised City Plan 2036 and is calling on all those affected – including workers, businesses and residents – to provide feedback. The plan sets the strategic direction on future development of the City over the next 15 years and includes the vision, strategy, objectives and [...]
CMA orders Taylor Wimpey and Countryside to remove ground rents in rental contracts March 19, 2021 The Competition and Markets Authority said this morning it has instructed homebuilders Taylor Wimpey and Countryside Properties to remove certain contract terms that require leaseholders to pay ground rents which double every decade. The CMA said these terms could affect the property rights of the firms’ customers. Moreover, “as this increase is built into contracts, it means [...]
Wirex wins High Court battle over ‘Cryptoback’ trademark March 17, 2021 Crypto credit card company Wirex has won its High Court battle over the use of its ‘Cryptoback’ Bitcoin reward scheme.
George Osborne hits out at Tory ‘hotheads’ who want UK-China ‘Cold War’ March 17, 2021 George Osborne has praised Boris Johnson for “seeing off the hotheads” in the Tory party who are calling for a more aggressive UK stance toward China. Osborne said he saw “a lot of continuity” between Johnson’s China policy, announced in yesterday’s integrated defence and foreign policy review, and his and David Cameron’s, which built stronger [...]