A third of London house prices have been reduced: We’ve ranked every borough July 25, 2017 More than a third of homes for sale in the capital have been reduced in price since they were first put on the market, according to new research. Analysis of homes listed on Zoopla has found 35.3 per cent of all homes listed for sale in the capital have had their prices cut since they [...]
The number of homes being bought and sold has fallen to its lowest since October July 21, 2017 Here’s another sign the UK’s housing market is beginning to suffer: the numbers of homes bought and sold have fallen to their lowest since October last year. On a seasonally adjusted basis, just under 97,000 homes were sold in June this year, down from 100,270 in May, figures from HM Revenue and Customs (HMRC) showed [...]
An intergenerational storm is brewing – politicians beware July 21, 2017 Two announcements were issued from Westminster this week that should strike fear into the hearts of anyone under 30. On the one hand, the Conservative government has brought forward the rise in the state pension age by seven years, increasing it to 68 by 2038. On the other, the Labour party dropped its commitment to [...]
Connection Capital raises £8m from private investors for Volkswagen and Lloyds Bank litigation funder Therium July 19, 2017 Connection Capital, a specialist syndicator of investment funds from private investors, has raised £8m for litigation funder Therium. This largest ever fundraise from Connection Capital, and its third commitment to Therium, will bring the total invested by the firm in litigation funding to £16m. Read more: Woodford-backed litigation funder Burford Capital stands to profit from [...]
Connection Capital raises £8m from private investors for Volkswagen and Lloyds Bank litigation funder Therium July 19, 2017 Connection Capital, a specialist syndicator of investment funds from private investors, has raised £8m for litigation funder Therium. This largest ever fundraise from Connection Capital, and its third commitment to Therium, will bring the total invested by the firm in litigation funding to £16m. Read more: Woodford-backed litigation funder Burford Capital stands to profit from [...]
The London Stock Exchange Group has started using blockchain technology July 19, 2017 London Stock Exchange Group will use blockchain technology to help un-listed businesses make shareholding information more transparent. It will use IBM’s hyperledger technology to make the information of small and medium sized private companies digital, which the exchange hopes can give them access to more mature investors. A small trial will initially begin with Borsa [...]
Six charts showing what the Brexit vote has done to UK house prices July 18, 2017 When the result of the EU referendum came in, the housebuilding sector was one of the FTSE's hardest-hit groups, as investors panicked about what would become of the UK's housing market. A year on, and analysis by PwC suggests things haven't been quite as bad as expected: house prices will grow at an average rate [...]
Focus On Woolwich: Crossrail, a huge regeneration project, cultural quarter and affordable housing in SE18 July 14, 2017 The West End, the Southbank, Shoreditch and now… Woolwich? Could this south east London suburb be the new place you head to on a Saturday night to soak up some culture? If it’s astronomical house price rises over the past five years are anything to go by, it could well be. In March, planning permission [...]
No let-up in falling London house prices, says Royal Institution of Chartered Surveyors (RICS) July 13, 2017 There has been “no real easing” in the pace of decline of London house prices, a survey has suggested, with 45 per cent of chartered surveyors in the capital saying they observed a fall in prices in the past three months. The Royal Institution of Chartered Surveyors (RICS) said stamp duty, Brexit and the political [...]
20 years on, could the Asian financial crisis be repeated? July 12, 2017 The Asian financial crisis of 1997 was a traumatic dislocation for financial markets that I experienced first hand, working as a fund manager for Schroders in Singapore. The fallout was shocking. The Indonesian economy, for instance, shrunk by 85% in US dollar terms during the aftermath, a contraction unthinkable today. Twenty years on, the pressing [...]