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 [...]
What housing policies are the UK government likely to announce soon? April 13, 2018 It is clear that the Government intends to intervene more and more in the housing market. This attitude stems partly from the Housing White Paper, issued in February last year, but also a reorganised Home England, with Nick Walkley, a self-described ‘disruptor’ at the helm, restructuring the former Homes and Communities Agency to be more [...]
UK house prices: The British towns with the fastest rises in house prices April 13, 2018 London house prices rose by an average of just under 1.5 per cent in the first three months of the year, but across Britain, the place for the highest growth in property value was Sidcup in Kent. According to new data from Zoopla, the total value of the British residential property market rose by 1.4 [...]
London’s housing demand has fallen for eleven straight month in March, per RICS survey April 12, 2018 London’s housing woes continue as buyer demand has fallen for the eleventh straight month, according to a new UK residential survey by RICS. The research shows that interest from London buyers waned once again in March, with 25 per cent of respondents seeing demand fall away. The survey also indicated that sales in the capital [...]
Australia must be the UK’s number one target for a post-Brexit trade agreement April 10, 2018 It is 10,545 miles from London to Canberra, but along with the over 670,000 Brits visiting annually, when I arrive into Australia for the Commonwealth Games and parallel Commonwealth Forum, I feel at home. Since the landing of the First Fleet in 1788, our intertwined fortunes have fostered a shared outlook on many global issues, [...]
Death of the deposit: A new type of rental model is emerging, but could it be the next PPI scandal in the making? April 10, 2018 Most renters will be familiar with the drama that surrounds deposits. The average deposit in London is an eye-watering £1,765, according to the Tenancy Deposit Scheme. But saving up hundreds of pounds is only half of the battle. Recouping all of your cash at the end of your tenancy is often a huge headache, and [...]
Markets in the UK, Europe and across Asia rally despite looming US-China trade war April 9, 2018 Markets across Europe and Asia have stabilised today, despite the looming prospect of a trade war between China and the US. The FTSE 100 climbed 20 points shortly after opening, while the Europe-wide Stoxx 50 was also up nearly 20 points, or 0.69 per cent. Asian markets also rallied, led by gains in Hong Kong’s [...]
Number of UK buy-to-let investors hits record 2.5m high April 9, 2018 The number of buy-to-let investors in the UK has hit an all-time high of 2.5m in the latest tax year. According to research from real estate agency Ludlow Thompson, the number of buy-to-let investors has increased five per cent in the last year, and 27 per cent over the last five years. The new research [...]
Christian Sewing confirmed as new Deutsche Bank head to replace chief executive John Cryan | City A.M. April 8, 2018 Deutsche Bank has replaced chief executive John Cryan with one of his deputies, Christian Sewing, the German lender confirmed after a meeting of its supervisory board. The bank had said it would “take a decision” on the future of the chief executive today on a call led by the board’s chair, Paul Achleitner, who has [...]
How gyms are filling spaces left vacant by retailers and restaurants around London April 8, 2018 Exercise is basically the new clubbing. At least, that’s what Casey Phillips, a property agent at Shelley Sandzer, tells me as we’re discussing why the fitness industry is currently booming. “Instead of getting drunk, you do a class together,” he says. “You just feel incredible afterwards.” The wellness and fitness industry is estimated to reach [...]