Waterfront London properties take 30 per cent premium, a bargain compared to Paris December 18, 2018 London waterfront homes come with a hefty price tag, but the 30 per cent premium to inland properties still falls well below equivalents in Paris and Sydney. While homeowners with a view of the water can expect to pay a hefty premium in London, they are fetching bargains compared to Paris and Perth, where the [...]
Opinion: Why we should follow the French by considering guardianship as a way to fill empty homes with those in housing need December 17, 2018 Christmas is the time of year when the misery of homelessness becomes apparent to everyone. Many homeless people are in this position as rising property prices and rents across London, combined with the housing shortage, has made affordable accommodation in decent locations a mere pipe dream for many young and low-paid people working in the [...]
2019 Property Forecast: Here’s what the experts are predicting will happen to house prices next year December 17, 2018 It’s that time of year again, when people guess what’s happening next year. Only, it’s particularly entertaining this year because no one really knows what’s going to happen next week. Still, most of the UK’s big estate agencies have had a go, looking at house price growth in the UK and abroad, what effect Brexit [...]
New homes: Our pick of the new builds going on sale in London this weekend December 17, 2018 New developments on the market this week Ternary Place, Ealing From £118,500 for 30 per cent of a one bedroom flat (fmv £395,000) Viewings for the last five apartments available to part-buy, part-rent are taking place this Saturday. There are 12 one and two bedroom flats on sale through Shared Ownership a four minute walk [...]
Google to fork out $1bn on new NYC campus, one week on from Apple’s splurge in Texas December 17, 2018 Alphabet's Google will invest more than $1bn (£793.6m) on building a new campus in New York, following in the footsteps of fellow tech giant Amazon in picking the US financial capital for expansion. Named Google Hudson Square, the new 1.7m square foot campus will consist of leased properties on New York’s technology corridor. The company said [...]
Top business leaders back UK-based P2P property lending site in £10m financing round December 17, 2018 Publicis Group boss Maurice Lévy and Citigroup Global Markets chairman Cyrus Ardalan are among the investors who have contributed to a £10m funding round for a peer-to-peer property lending platform. The UK-based BLEND Network also drew investment from Jean-Phillipe Blochet, co-founder of macro hedge fund Brevan Howard, during a late-seed financing round last week. Each [...]
London house sales drop over political uncertainty, according to Rightmove data December 17, 2018 Londoners are hesitant to sell their homes due to political uncertainty, according to new research. The number of properties that were brought to market this month was down 19 per cent on the same period last year, leading to a smaller than usual December price drop of 1.8 per cent. Inner London home owners were [...]
UK banks taxed almost double the amount of the rest of the FTSE 100 December 17, 2018 UK banks pay nearly double the amount of tax compared to the rest of the FTSE 100, new data has revealed. The five biggest banks paid an effective tax rate – the rate at which a corporation’s profits are taxed – of 42 per cent last year, almost twice as much as the 23 per [...]
The great TV robbery: How the world’s biggest sports broadcaster lost $1bn to a brazen campaign of piracy December 13, 2018 Imagine you’ve had something stolen. But this isn’t a conventional theft: you know who did it, how they did it, where they are – and you can prove it. It isn’t a one-off theft, but rather a never-ending succession of offences which the perpetrator does nothing to hide. Instead they taunt you frequently by flouting [...]
Purplebricks cuts forecasts despite leap in revenue amid ‘challenging’ market conditions December 13, 2018 Online estate agent Purplebricks has slashed the upper end of its forecasts this morning, as the firm echoed the concerns of its industry rivals over the tough headwinds facing Britain’s property market. The Aim-listed firm said today that it was projecting full-year revenues of between £165-175m, compared with a previous forecast of £165-185m. However, in [...]