City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
Second home ownership soars towards the value of £1 trillion June 15, 2019 The number of British people owning a second home has soared by more than 50 per cent since 2001 as the value of additional property wealth nears £1 trillion, according to a new report. Research from think tank the Resolution Foundation revealed that 5.5 million people – around one in ten of the UK population [...]
Most Help to Buy beneficiaries ‘did not need scheme’ June 13, 2019 The government’s Help to Buy scheme has been accused of subsidising existing homeowners, after it emerged most people who have bought a house using the programme could have done so without it. A National Audit Office report today said three-fifths of buyers could have bought a property without the support of Help to Buy, “but [...]
We could soon see the death of help to buy June 12, 2019 Pertinent questions about the government’s help to buy scheme are raised by the National Audit Office (NAO) this morning following a thorough review of the programme. Firstly, the report says that “three-fifths of buyers could have bought a property without the support of help to buy”, while nearly a third could have bought the standard [...]
Cricket World Cup: Scotland chief executive Malcom Cannon on qualifying heartbreak, the 10-team format and becoming a full member June 11, 2019 The World Cup may be in full swing across the country right now, but not everyone involved in cricket is revelling in the occasion. With the focus solely on the 10 teams competing, it is easy to get swept up by the occasion and forget the longstanding debate surrounding tournament’s format. Not if your name [...]
Mortgage lending grows in solid start to the year June 11, 2019 The UK mortgage market enjoyed a solid start to the year as residential lending and new mortgage commitments both rose. The outstanding value of all residential mortgage loans rose to £1.45bn in the first quarter, a 3.4 per cent rise on a year earlier. Read more: Mortgage approvals rebound after delay on Brexit deadline The [...]
Crest Nicholson reports profit slump on Brexit uncertainty June 11, 2019 Crest Nicholson reported a fall in profits this morning as Brexit uncertainty kept house prices flat across the south of England. The figures Revenue was £501.9m, up seven per cent on half-year 2018 while profit before tax fell 11 per cent to 64.4m. Read more: Intu appoints ex-Crest Nicholson exec as finance chief The company [...]
Helical shares surge on confirmation of bidder interest June 10, 2019 Shares in property developer Helical surged nearly five per cent this morning after it confirmed it has received multiple unsolicited approaches from buyers. “We can confirm that the company has in the recent past been in receipt of more than one unsolicited approach from different parties,” it announced to the stock exchange. “To date all [...]
Focus On Bermondsey: The London borough with the Shard in its back yard June 7, 2019 Seventy two households, all belonging to the Count Robert of Mortain, and collectively worth a grand total of 40 pence; this was the value of Bermondsey as recorded in the Domesday Book in 1086. Things have changed somewhat since then (Bermondsey wasn’t even an official part of London at the time), but few areas have [...]
UK house prices grow at fastest rate for two years despite uncertainty June 7, 2019 UK house prices grew at their fastest rate for two years in May with an increase of 5.2 per cent year on year, according to new data released today. The value of the average UK home rose by 0.5 per cent from April to £237,837 last month, the Halifax House Price Index revealed, increasing by [...]