Invest in property with your IFISA March 20, 2019 Throughout history, wealth has always been accumulated and preserved by investing in the property sector. Over the years we have seen property prices reach all-time highs and even outperformed the stock market. The super-rich however don’t really “do” buy-to-let investments. They have always had access to other sectors and type of investment products that were [...]
UK house price growth hits six-year low as experts warn of ‘Brexit downward spiral’ March 20, 2019 London house prices fell 1.6 per cent in the year to January, official data revealed today, as experts warned a mix of Brexit uncertainty and the death of buy to let are hurting the value of homes. The sharp price drop in the capital's housing market meant overall UK house prices rose just 1.7 per [...]
Kier shares fall as outsourcer swings to £35.5m loss March 20, 2019 Kier has fallen to a £35.5m loss for the second half of 2018, but said it is in a stronger position after hitting up investors for £250m in a disastrous rights issue that missed its target at the end of last year. Read more: Embattled outsourcer Kier's net debt spirals again after 'accounting error' The figures [...]
Home-buying or retirement: What are Lifetime Isa savers planning to use their money for? March 20, 2019 When then chancellor George Osborne announced that the government would launch the Lifetime Isa in 2017, the industry was stunned. Designed for people under 40 to either save for retirement or for a home, few people saw this hybrid product coming. Alongside concerns that the Isa could distract from the new workplace pension scheme, a lot of [...]
Six tips to give your Isa a last-minute savings boost March 20, 2019 As the tax deadline creeps closer, by now you’re probably tired of the constant reminders to use or lose your annual £20,000 tax-free Isa limit. Perhaps you’ve been ignoring the prompts, putting everything off until now. You certainly wouldn’t be alone in doing so. In fact, looking at the past three tax years, wealth management [...]
City Moves for 19 March – who’s switching jobs at EIP, Legal & General Investment Management and Oaknorth Analytical Intelligence? March 19, 2019 Who’s on the move today? EIP Leading intellectual property law firm EIP has appointed Nora Fowler as an associate in the firm’s trademark team in London. Nora joins from Novagraaf UK, where she managed worldwide trademark portfolios and provided strategic advice to clients from a multitude of sectors. Nora has a wealth of experience working [...]
Rent rises: East London outpaces West London in rental growth race March 18, 2019 Fresh evidence of demand for East London’s housing market has been underlined by new figures today, with traditional high-growth areas in the west of the capital seeing more of a slowdown in recent years. Rents in East London’s nine boroughs rose on average by more than 20 per cent since January 2012, compared with growth [...]
City Hall accused of ‘repeating mistakes’ of Garden Bridge scandal over £22m housing loan March 18, 2019 City Hall has been accused of repeating the mistakes of the Garden Bridge after it agreed to loan nearly £22m towards the development of a controversial housing site in south London. The Greater London Authority (GLA) has agreed to loan American property developer Anthology £21.8m to build homes at Woodlands and Masters house in Lambeth, despite [...]
House prices fall in London as buyers await Brexit resolution March 18, 2019 London house prices fell in March as Brexit uncertainty held back the usual spring bounce, and are down almost four per cent year on year, a new report has said. The number of sales agreed by estate agents in February was also nearly 10 per cent lower in the capital than a year before, property [...]
London hosts bulk of Britain’s £100bn of secretly owned property March 17, 2019 Over 87,000 properties in England and Wales are owned anonymously through companies registered in tax havens, it has been revealed today. Together, these properties are worth at least £56bn, according to Land Registry data, and likely worth more than £100bn when accounting for inflation, according to new analysis by anti-corruption organisation Global Witness. Read more: [...]