Opinion: This Budget showed that Phillip Hammond, and by extension the Conservatives, have given up on the housing crisis November 2, 2018 Housing is arguably the second biggest political hot potato for this Government after Brexit. Getting it as wrong as they currently are will surely lead to defeat at the next election. This will be a defeat fuelled by an angry generation of resentful aspirants, whose home-owning dreams have been shattered by an administration’s failings to [...]
New homes: Our pick of the new builds going on sale in London this weekend November 2, 2018 New developments on the market this week So Resi, Sydenham From £130,000 for a 25 per cent share of a two bed New homes in south east London with excellent commuting times have been released on a part-buy part-rent basis. Prospective homeowners can buy a share of a one, two or three bedroom apartment in [...]
Surge in London house building set to drive new UK homes to 11-year high November 1, 2018 London is set to drive a surge in UK house building as the industry prepares for the number of new homes being built to hit an 11-year high. Large-scale developments and private sector rental demand are set to drive the number of new house builds in the capital up by 141 per cent, according to data [...]
Returns from peer-to-peer lending look attractive, but is it a sensible sector to invest for retirement? November 1, 2018 Peer-to-peer lending (P2P) has long been deemed by many professionals in the conventional investment industry as too risky for retail investors. And yet, this technology driven form of lending has surged in popularity over the past decade, which is largely a result of the sector offering a decent return where other asset classes have struggled. [...]
Central London house prices set for sharp upturn on Brexit deal October 31, 2018 Central London’s waning high-end property market could be set for a resurgence over the next five years, with a new report forecasting that prime house prices could rocket by more than 15 per cent if an expected bounce in confidence returns to the capital. Despite stamp duty changes and political volatility causing a slowdown in [...]
Hammond has taken the first tentative steps towards fixing the housing crisis October 31, 2018 How do you solve the housing crisis in a single Budget? You can’t, of course – not with Brexit looming and a Prime Minister demanding that you both signal the end of austerity and reduce the UK’s national debt at the same time. But housing policy is the one single issue that personally and radically [...]
City Moves for 30 October – who’s switching jobs at Target Fund Managers, Argentex and White & Case October 30, 2018 Here’s who’s switching jobs today. Target Fund Managers Target Fund Managers, the external manager to Target Healthcare REIT (THRL), the UK-listed specialist investor in purpose-built care homes, is pleased to announce three appointments to support it in its strategy to manage and grow THRL. Maria Gaurino joins as healthcare director and brings over 18 years [...]
Help to Buy extended to 2023 for first time buyers: Industry reacts October 29, 2018 The fate of the government’s Help to Buy scheme was cleared up this afternoon after the chancellor said that he would be extending a revised version of the policy until 2023, but for first-time buyers only. From April 2021 the scope of Downing Street's flagship housing policy will be narrowed down, with only first-time buyers [...]
Property in the Budget: First-time buyers to benefit from shared ownership stamp duty relief as Help to Buy extended October 29, 2018 The Chancellor unveiled a raft of new property measures today, including a further £500m for the housing infrastructure fund and stamp duty relief for first-time buyers that is extended to shared ownership homes worth up to £500,000. The government will also extend a revised version of its Help to Buy scheme until 2023, but for first-time [...]
World’s most expensive houses suffer growth slowdown as London slump persists October 29, 2018 Prices for the world’s most luxurious houses have slipped to their lowest annual levels in nearly six years, as stricter regulations and growing political uncertainty deter wealthy buyers in a number of cities. Prime property prices across the globe climbed 2.7 per cent in the last 12 months, marking the slowest rate of annual growth in [...]