London house prices edged closer to £500,000 in November January 17, 2017 The average house price in the capital edged closer to the half a million pound mark in November, rising to £482,000 for the first time. Figures published this morning by the Office for National Statistics (ONS) showed house prices in the capital jumped 8.1 per cent in the year to November, rising 1.9 per cent [...]
Bank of England governor Mark Carney claims stimulus package in August saved 250,000 jobs from being lost January 16, 2017 Mark Carney has been slammed by leading Brexiteers after claiming that 250,000 jobs could have been lost if the Bank of England had not taken action in the aftermath of last year's EU referendum. Bank governor Carney slashed rates to 0.25 per cent in August last year, while expanding the UK's quantitative easing programme and providing [...]
Think cruises are boring? Try an adventure cruise for cool, trendy people January 16, 2017 Ultimate Yangtze This epic voyage up China’s Yangtze river includes an excursion to see the Three Gorges Dam, an incredible feat of engineering whose infamy is matched only by its grand scale. After that you’ll cruise through the Wu Gorge, known for its forest covered mountains, before heading straight into the Qutang Gorge, the shortest, [...]
How to earn passive income: 22 ways to create multiple streams of income January 16, 2017 Making money while you sleep. Has a nice ring to it, doesn't it? After reading books like "Rich Dad Poor Dad" and "4 Hour Work Week," I became interested obsessed with making passive income. Whenever someone needs additional income, the stereotypical suggestion offered is to “get a part-time job.” But what if you don't have [...]
Here’s how much house prices have increased so far this year January 16, 2017 The housing market has had a robust start to 2017, with house prices increasing 0.4 per cent in January as compared to December. House prices grew 3.2 per cent year-on-year, according to figures from Rightmove. Read more: This is how far house prices will fall in 2017 In London, asking prices increased 1.4 per cent [...]
Goodbye Piccadilly: A short history of the Piccadilly Circus advertising billboards January 16, 2017 On only a handful of occasions in its 100-year history has the hotchpotch of billboards at Piccadilly Circus been intentionally switched off during peacetime. Most famously, when Winston Churchill died, and later, Princess Diana. The advertising space, recognisable around the world, is symbolic of the national mood; it wears black when we mourn. But today, minus [...]
Time to move: Prime rents fell in the Home Counties last year as property owners get spooked from selling and turn to rental market January 16, 2017 Prime rents in the Home Counties fell 0.8 per cent last year, as a higher amount of housing available at the top end of the market drove down prices, according to the latest Knight Frank rental index. The increase in stock levels in higher price brackets has been fuelled by greater uncertainty in the sales [...]
Loan write-offs have plummeted in the commercial property sector as banks have tightened their criteria January 16, 2017 The number of commercial property loans being written off has plummeted 63 per cent, falling to its lowest level since the credit crunch, according to Bank of England data. There were £846m worth of write-offs in the sector, down from £2.27bn the previous year, between October 2015 and the end of the third quarter of 2016. [...]
Prime rents fell in the Home Counties last year as property owners get spooked from selling and turn to rental market January 15, 2017 NULL
London’s Burlington Arcade is for sale January 15, 2017 London's iconic covered shopping gallery the Burlington Arcade has gone on sale. The arcade, which was established in 1819, links Piccadilly and Bond Street and is home of high-end brands such as Manolo Blahnik and Chanel. Industry sources said it would sell for around £400m. Read more: Central London take ups surge on the back of [...]