These are the top development hotspots in London for 2018 February 19, 2018 House prices may have fallen in London last year, but there are still parts of the capital which have potential for developers. Knight Frank has analysed the parts of London which are likely to outperform the market in terms of price between 2018 and 2021, and have room for development. Read more: The risers and [...]
UK house prices: First-time buyers £27,000 better off than renters – and more than £50,000 more privileged in London February 17, 2018 Britons are pouring thousands of pounds in the pockets of landlords each year by renting their home rather than buying it. UK first-time buyers are an average of £27,000 better off than renters over a mortgage term, Halifax said today. And in London, the savings are even greater. Homeowners in the capital save an average [...]
How to negotiate a discount when you’re buying a new home February 16, 2018 Why is it important to find out why vendors are selling their property? At my buying agency Black Brick, we tried to get our heads around this question by analysing transactions closed over the last 12 months. Now we believe we have a better understanding of who’s selling, why they’re selling, and the magnitude of [...]
Focus On Chalk Farm: property prices, best streets and house price growth February 16, 2018 Clustered in among some of London’s most popular neighbourhoods, Chalk Farm is a sort of dividing line between the tourists and the nightlife of Camden, and the exclusive neighbourhoods of Primrose Hill and Belsize Park. As such, it’s moments away from both – with 24 hour transport links now the Northern line has joined the [...]
The $13bn investment firm Varde Partners has just taken a stake in London proptech startup funder Pi Labs February 15, 2018 The London property tech, or proptech, scene is grabbing attention across the globe, as the $13bn (£9.4bn) US investment firm Varde Partners has today scooped a stake in venture capital firm Pi Labs, City A.M. can reveal. London-based Pi Labs, which closed its second $10m fund last year, focuses on scaling up early-stage proptech firms [...]
Oaknorth’s founder is banking on challenging incumbent lenders February 14, 2018 Entrepreneurs are often as grateful for the opportunities that don’t come to fruition as those that do. Take Rishi Khosla: he started his first business with so little capital (he and his business partner, Joel Perlman, had just £40k to invest between them), that frugality became part of its DNA. For three years, he and [...]
Stock markets in Europe and US remain in a volatile mood: Wall Street staged a recovery that spurred on Asian and European markets on Monday February 13, 2018 If you can make sense of what is going on in equities markets right now you’ll make a fortune. After falling 2,000 points earlier in the week, Wall Street staged a bit of a recovery on Friday. That spurred on Asian and then European markets on Monday, which in turn once again fed into Wall [...]
First-time buyers at 10-year high in 2017 but the mortgage market weakened in December February 13, 2018 The number of mortgages taken out by first-time buyers boomed last year to its highest level since 2006, buoyed by the Help to Buy subsidy. Banks lent money to 365,000 first-time buyers in 2017, an increase on the year before of 7.4 per cent, according to UK Finance, the lenders’ industry body. However, the December [...]
Can you make sense of what is going on in the equities markets? February 13, 2018 If you can make sense of what is going on in equities markets right now you’ll make a fortune. After falling 2,000 points earlier in the week, Wall Street staged a bit of a recovery on Friday. That spurred on Asian and then European markets on Monday, which in turn once again fed into Wall [...]
Audioboom goes pop: $185m reverse takeover sees podcast firm rebranded as Triton Digital February 13, 2018 Audioboom today announced a $185m (£134m) reverse takeover deal with one of the world’s largest digital audio technology firms. Shares in Audioboom were suspended as it was revealed Canada’s Triton Digital, which works with audio publishers including Spotify and ESPN radio, will take control. Once completed, the firm will be renamed Triton Digital Group plc. [...]