Greystar and Henderson Park snap up Telford build-to-rent site for £105m February 19, 2019 London housebuilder Telford Homes revealed this morning that it has sold one of its largest build-to-rent development sites for more than £100m. US developer Greystar and European real estate investment platform Henderson Park have snapped up the Equipment Works scheme in Walthamstow, which comprises more than 250 rental homes, for £105.5m in their latest bid to [...]
Transactions slips as market ‘holds its breath’ in run-up to Brexit February 18, 2019 Fresh evidence of an activity slump in Britain’s housing market has been brought to light this morning, with new data showing a sharp drop in property transactions during the last three months. The average number of sales recorded by estate agents in November to January were 36 per cent lower than the long-term average, as [...]
Holiday Homes: Head to Samoens in the French Alps to suss out new ski homes that allow you to resort hop at no extra cost February 18, 2019 Families wanting to buy a ski apartment without the hefty price tag of the best-known French resorts are finding smaller ski areas like Samoëns are a breath of fresh mountain air. An hour by car from Geneva, Samoëns is described by the French as one of their monuments historiques – that just happens to be [...]
Should investors be more concerned about China’s slowdown? February 18, 2019 The rise of China has been astonishing and its growing influence on the world is one of the economic forces discussed in our inescapable investment truths for the decade ahead. But economies don’t grow in a straight line. China is facing a transition period. It is a country we monitor closely and we believe its [...]
UK house prices’ affordability improves at fastest rate for eight years as wage growth outpaces prices February 18, 2019 Prospective house buyers could be set for a change in fortunes as affordability improves at its fastest rate in eight years, new data has revealed. With annual house price growth at just 0.2 per cent, the annual wage increase of 3.4 per cent is outpacing asking prices at the fastest rate since 2011, according to figures [...]
Citigroup closes in on £1.2bn purchase of Canary Wharf headquarters February 17, 2019 Citigroup is in talks to buy its Canary Wharf headquarters for a reported £1.2bn in a major show of confidence in London’s status as a global financial centre. Citi is looking to secure the purchase of the 25 Canada Square skyscraper, which it currently leases, from owner AGC Equity Partners in a bid to double [...]
New homes: Our pick of the new builds going on sale in London this weekend February 15, 2019 New developments on the market this week Ridgeway Views, Mill Hill From £569,995 Move into one of these two and three bedroom flats in time for the summer. The latest phase of homes, called Highwood Place, went on sale this week overlooking Totteridge Valley, with views of the rolling hills from private balconies and terraces, [...]
German insurance giant Allianz unveils record €11.5bn profit February 15, 2019 German insurer Allianz said today that its operating profit for 2018 was €11.5bn (£10.1bn), the highest in its history. Allianz had targeted operating profit of €10.6bn to €11.6bn so its result was in the upper end of its targeted range. Read more: Insurer Zurich boosts profit 20 per cent and hikes dividend The company attributed operating [...]
Innovative Finance ISA: The New Kid On The Block February 14, 2019 The Traditional ISA Landscape ISA’s have seen something of a resurgence in recent times. According to HMRC, we invested £69 billion in them during the 2017/18 tax-year.[1] Last years’ growth in ISA subscriptions was driven by an increase in investment in Stocks and Shares ISA’s – which may have ultimately been painful for many investors [...]
Housing market endures sluggish start to the year as buyer and seller confidence dwindles February 13, 2019 The UK housing market has endured a slow start to the year as key activity measures for both buyers and sellers fell further in January. Enquiries, sales and new instructions all declined in January as uncertainty continues to wear away at confidence, according to research by the Royal Institution of Chartered Surveyors (Rics). Read more: [...]