Asian buyers dominate City of London property market July 9, 2018 More than half of all commercial property purchases in the City of London come from Asian investment, new figures reveal. While 57 per cent of commercial properties in the Square Mile are bought by Asians, the second-highest investors by continent are the Europeans, buying 14 per cent over the same period of the most recent [...]
City of London is the worst offender for empty properties July 9, 2018 There are more than 10,000 commercial properties sitting empty in central London, with new figures revealing that the City has more unused space than any of its neighbours in the capital. According to a series of Freedom of Information requests by property guardian company Live-in Guardians, there are as many as 10,681 empty commercial properties [...]
City of London is the worst offender for empty properties July 9, 2018 There are more than 10,000 commercial properties sitting empty in central London, with new figures revealing that the City has more unused space than any of its neighbours in the capital. According to a series of Freedom of Information requests by property guardian company Live-in Guardians, there are as many as 10,681 empty commercial properties [...]
Young YouTubers expect to earn twice as much as investment bankers in first year of work July 9, 2018 Students who plan to make social media their career expect to make twice as much as aspiring bankers in their first year of work. Young people eager to become well-known YouTubers are confident of earning £55,000 in their first year on the job, according to a survey of students by discount site UNiDAYS. In contrast, [...]
Last Week in the City: Trade wars begin July 6, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (2 to 6 July 2018). The World Cup is “distracting” for participants in global markets, according to Citigroup. "We find that football is indeed distracting, subtly impacting market depth, traded volumes and execution cost,” the US [...]
HTC sales drop 68 per cent in June, the biggest slump the smartphone maker has had in over two years July 6, 2018 Smartphone maker HTC today released sales figures for June which showed the company is currently undergoing its biggest slump in more than two years. HTC said its consolidated revenue for June 2018 came in at 2.23bn Taiwanese dollars (£55.3m), falling 67.64 per cent from the same month last year at $6.8bn. Its numbers also fell [...]
Online estate agent giant suffers share price drop amid expansion spree July 5, 2018 The share price in UK online estate agent Purplebricks tumbled nearly five per cent in early morning trading, as the firm announced widening pre-tax losses. Final results today show that pre-tax losses rose to more than £26m in the year leading up to April 30, up from just above £6m losses the year before, due [...]
London bucks house listings trend in three-year high despite nationwide fall July 4, 2018 The number of properties listed on London's housing market rose to a three-year high in June, despite the UK suffering an overall decline in houses put up for sale, according to new figures from a property supply index. Nearly 33,000 homes were put on the market in the capital last month, the highest level since [...]
Positive thinking on negative equity: What to do if your home is worth less than your mortgage July 4, 2018 Less than a year ago, it was all talk of bubbles in the UK housing market. But we all know that what goes up must come down, and the first signs that the market was losing steam came at the start of this year. The market continues to look skittish, with the most recent figures [...]
Paragon buys Titlestone developer and loan book in £274m deal with Oaktree Capital Management July 3, 2018 Challenger bank Paragon today announced the purchase of £48m residential developer Titlestone and a £226m loan book from Oaktree Capital Management. Paragon, which offers mortgage and business lending, said the moves are part of a strategy to diversify into specialist lending markets. Titlestone advanced £274m in loans to small and medium-sized developers during the year [...]