UK housebuilder Persimmon posts £2.76bn revenue in first quarter April 25, 2018 Forward sales revenue for Persimmon was up 8 per cent in the first quarter of this year to £2.76bn, the UK housebuilder announced today ahead of its annual general meeting tonight. The company also revealed that it had sold 9,048 new homes this year, up from 8,928 over the same period last year. Average selling [...]
Letting agents are facing an epidemic of their own making April 25, 2018 If you’ve ever had to deal with a letting agent, you may be so traumatised from the experience that you’ve resolved never to move house ever again. You tiptoe around the property, praying that the ceiling doesn’t cave in – just so you won’t have to dial that dreaded number. If you’re under 40, you’ll [...]
UK housing market continues to slump as number of homes sold in March drops April 24, 2018 The number of residential property transactions in the UK has dropped 7.2 per cent between February and March, according to the latest figures from HM Revenue and Customs (HMRC). The HMRC UK Property Transaction Statistics report showed that this month’s seasonally adjusted figures were 11.8 per cent lower compared with the same month last year. [...]
DEBATE: Is it necessarily a bad thing if the UK becomes a nation of cradle-to-grave renters? April 24, 2018 Is it necessarily a bad thing if the UK becomes a nation of cradle-to-grave renters? Alison McGovern, Labour MP for Wirral South and former shadow city minister, says YES. It is easy to see the problem in a housing market that prioritises ownership above all other types of housing tenure. House prices have radically worsened [...]
London Marathon 2018: House prices along the route with Embankment the most expensive and Woolwich the cheapest April 20, 2018 With runners gearing up for what could be the hottest London Marathon on record, one property marketplace has compiled a map showing average property prices along the 26.2 mile route. The House Shop used its data to compile the map, which found the most expensive spectator spot is Embankment where the average house price is [...]
A solution to uncertainty market weakness long term strategy easy investment portfolio ISA long term diversification asset classes bonds equities April 19, 2018 Following a period of market weakness, with negative geopolitical news driving markets, investors have been given pause for thought. With the current bull market in shares nearly a decade old, some are wary of how much longer it can last. Is it time to hunker down and turn defensive? Don’t be shaken from your long-term [...]
Beaufort Securities administration could cost £100m April 18, 2018 The administration of collapsed stockbroker Beaufort Securities could cost as much as £100m, its administrator warned. Audit firm PwC confirmed that in the worst case scenario the administration process could cost anything between £80m and £100m over four years. The High Court appointed PwC’s Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann as joint [...]
Savills: UK tech companies choosing the City of London over Silicon Roundabout in first quarter of 2018 April 16, 2018 Tech companies are favouring the City over the fringe areas including the so-called silicon roundabout, according to the latest research from real estate advisor Savills. With almost three times as much office space committed to by technology firms in the City compared to the City fringe (which includes areas like Old Street and South Bank) [...]
Same old story or a new chapter? The London Book Fair 2018 and what lies ahead for the UK’s publishing industry as Brexit draws closer April 16, 2018 The halls of the Olympia exhibition centre were last week buzzing with the polite frenzy of the 2018 London Book Fair. Sat at hundreds of small tables dotted around more than 2,000 stands, members of the publishing world turned ruthless as they hammered out agreements for territorial and translation rights and negotiated distribution deals for [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]