London’s house price slowdown worsens as summer slump hits July 16, 2018 London's house price slump has deepened as the market enters its traditional summer lull, with experts signalling a boon for prospective first-time buyers. The average asking price of a house in the capital is down more than £11,000 compared to this time a year ago, marking the sharpest annualised fall since January. The closely-watched Rightmove [...]
China in stormy waters July 13, 2018 China is sounding a bit exasperated by Mr Trump’s words and tariffs. The usually-cautious Ministry of Commerce refers to the possibility of the US losing its reason. President Xi thought he had an understanding with President Trump, only to discover Mr Trump intends to press very hard over intellectual property, investment in the digital area [...]
Big Four firm PwC predicts London house prices will drop despite growth in rest of UK | City A.M. July 13, 2018 London house prices are set to drop as much as two per cent this year according to a report which suggests fresh evidence of a slump in the capital’s property market. Analysis from Big Four firm PwC predicts a fall in London house prices that could persist into 2019, despite an expected rise in every [...]
New report shows falling house sales persist amid ‘subdued’ London market July 12, 2018 June marked the 16th consecutive month of falling house sales in London, according to the closely watched survey from the Royal Institution of Chartered Surveyors (Rics). Prices in London continued to decrease, albeit at a lesser pace than the previous reports. The report, which shows falling prices as well as sales, suggests London’s "subdued picture [...]
Central London office space under offer soars to 18-year high | City A.M. July 12, 2018 Central London office space under offer has soared to an 18-year high, according to the latest figures from global real estate advisor CBRE. Roughly 4.3m square feet (sq ft) of offices in the centre of the capital was under offer in the second quarter of this year, rising 39 per cent over the three months [...]
Day by day, Donald Trump is reshaping America. We travel the west coast from Canada to Mexico speaking to people about their hopes and fears, and how their lives are changing July 11, 2018 The Seattle skyline, with the iconic Space Needle against the backdrop of Mt Rainier, may be familiar from TV series including Frasier and Grey’s Anatomy, but it’s the city’s music scene that sent ripples across the world, through Pearl Jam, Nirvana and Jimi Hendrix. “The music scene helped build Seattle’s liberal values,” says Nick, a [...]
1 in 3 Londoners have no retirement: How property could be the answer to a fruitful retirement | City A.M. July 11, 2018 Most people dream of a comfortable, long retirement, but with the current state pension sitting at just £125 per week, and the full new state pension (for a man born on or after 6 April 1951 or a woman born on or after 6 April 1953) just £168 per week, the reality is somewhat sobering. [...]
1 in 3 Londoners have no retirement: How property could be the answer to a fruitful retirement July 11, 2018 Most people dream of a comfortable, long retirement, but with the current state pension sitting at just £125 per week, and the full new state pension (for a man born on or after 6 April 1951 or a woman born on or after 6 April 1953) just £168 per week, the reality is somewhat sobering. [...]
1 in 3 Londoners have no retirement: How property could be the answer to a fruitful retirement July 11, 2018 Most people dream of a comfortable, long retirement, but with the current state pension sitting at just £125 per week, and the full new state pension (for a man born on or after 6 April 1951 or a woman born on or after 6 April 1953) just £168 per week, the reality is somewhat sobering. [...]
Bank of Cyprus offloads UK subsidiary for £103m to ‘Cynergy’ consortium July 10, 2018 The Bank of Cyprus has agreed to sell its UK banking operations to a consortium of investors in a £103m deal. The all-cash sale, which will complete by the end of the year, comes as Bank of Cyprus refocuses its efforts on the Cypriot economy. The lender was bailed out in 2013 by European authorities, [...]