Sluggish house price growth in London while Manchester and Edinburgh soar June 29, 2018 London house price growth has fallen to a nine-year low, according to new figures out today. Growth in the capital’s flagging property market fell to a year-on-year low of 0.4 per cent in May, while Edinburgh and Manchester house prices soared to 7.1 per cent and 7.0 per cent respectively. The latest data from property [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]
Rental costs in London soar as young adults opt to live with their parents June 25, 2018 Over one million young adults are living at home with parents amid rising rental costs, according to a new housing report out today. Just under half of all men aged 22-26 now at their parents’ home, as renters in London are on average spending 40 per cent of their income on rent, having risen from [...]
Focus On Tufnell Park: This often overlooked north London spot is attracting more professional and upsizers from Hampstead June 22, 2018 Tufnell Park is a small, quiet, in-between sort of place. Sandwiched in between the leafy village life of Hampstead, with its heath and its cafe culture, and the edgier, up-and-coming Holloway, Tufnell Park is the place for keen observers – close enough to all the action without the need to get involved. “The area was [...]
New homes: Our pick of the new builds going on sale in London this weekend June 22, 2018 New developments on the market this week Aurora Point, Surrey Quays From £126,000 for a 30 per cent share of a one bed apartment Get onto the property ladder with 18 homes that are on the market to part-buy, part-rent through Shared Ownership. One, two and three bedroom apartments and duplexes are on offer, most [...]
Last Week in the City: Markets Trumped by trade fears June 22, 2018 The week was dominated by trade war fears as Donald Trump said he would slap further tariffs on Chinese goods should there be any retaliatory measures. Despite this, Nasdaq hit a record high, although the Dow Jones Industrial Average erased all its gains in 2018 so far. The FTSE 100 fell 0.5% over the week [...]
Berkeley boss Tony Pidgley has made an ominous call about the future of London’s housing market June 21, 2018 Legendary housebuilder Tony Pidgley is primarily known for three things. Firstly, he was a Barnardo’s baby, subsequently adopted by a family of gypsies. Secondly, from such humble beginnings he rose to become one of the UK’s highest-paid business chiefs. And thirdly, he is credited with calling the house price crash at the end of the [...]
Berkeley Group hit by cautious outlook June 20, 2018 Berkeley Group announced a solid set of full-year figures Revenue dipped by 0.7% to £2.703 billion and the consensus estimate was £2.729 billion. Pre-tax profits jumped by 15.1% to £934.9 million, while equity analysts were expecting £905.08 million. The company has comfortable net cash position which has increased by 140% to £687.3 million. Berkeley’s capital [...]
Trade war fears spook markets after Trump threatens China with tariffs June 19, 2018 Markets in the US tumbled on Tuesday night after US President Donald Trump’s shock threat to impose a 10 per cent tariff on $200bn (£152bn) of Chinese goods late on Monday. China described the US threats as “extreme pressure and blackmailing” and vowed swift retaliation. The threat of new tariffs and fears of further trade [...]