Mapped: How much Londoners shell out for a shorter commute December 15, 2016 Many of us go into Zombie-mode first thing and would be keen to get some extra shut eye, but how much do people spend for the pleasure of a shorter commute? Londoners will pay on average an extra £6.60 a week in rent for every minute shaved off their travel time according to some analysis [...]
The $1bn sector: Audioboom is convinced splashing the cash in the US will be worth it December 14, 2016 Audioboom’s revenues jumped but losses were more than expected during the 12 months its boss said "would be the year that we proved our business model". The podcast firm revealed bumper fourth quarter revenues today, but negative earnings swelled as a result of increased costs from a strategic push to move operations to the US. [...]
This is what will happen to house prices in 2017 December 14, 2016 How will the UK's favourite asset fare in 2017? It's safe to say that the Brexit vote has not caused the immediate and catastrophic housing crash that former chancellor George Osborne was predicting before the referendum. But the outlook for property next year is not particularly rosy. Liberum analysts are expecting house prices to fall [...]
UK house price growth slowed in October December 13, 2016 House price growth slowed in October, with prices increasing 6.9 per cent in the year, down from seven per cent growth in September. The UK average house price was £217,000 in October, up £14,000 annually, but unchanged from the previous month, according to the Office for National Statistics. Read more: Bellway boosted by Help to [...]
UBS just bought this former spice warehouse on the Southbank for £28.4m December 12, 2016 In a show of confidence in London’s property market, the real estate arm of UBS has bought a former spice warehouse in London’s Butler’s Wharf from LaSalle Investment Management. The Swiss financial services firm bought India House, a six-floor office development, in a bid to own a piece of the dynamic Southbank precinct, which has [...]
13 years of returns: history’s lesson for investors December 12, 2016 There is no guaranteed route to success when it comes to investing, but the data below illustrates why it is important not to hold all your eggs in one basket. 13 years of asset class performances A widely-held belief is that shares deliver the best returns over the very long term, at least among the [...]
UK House prices are on course to fall below £300,000 in December December 12, 2016 The UK's house prices are on course to fall below £300,000 in December – and house price growth is likely to weaken next year, new figures have shown. The Rightmove House Price Index showed prices are on course to fall 2.1 per cent in December, after a 1.1 per cent fall in November. That will put [...]
City Moves for 12 December 2016 | Who’s switching jobs December 12, 2016 Aldermore Aldermore has appointed Roger Evans as its new head of intermediary distribution. Roger will be responsible for relationships with all residential intermediaries and will represent Aldermore across the wider lending market. He will be responsible for developing and leading both the field and telephone intermediary sales forces. Roger joins Aldermore having led a successful career with [...]
London’s house prices had the UK’s lowest rate of annual growth last month December 12, 2016 Back in March, London was leading the UK's annual house price inflation, but the recent drop in prices and transactions in prime central property has led to annual change of just 0.1 per cent, meaning London's house prices had the lowest rate of annual growth in the country last month. For England and Wales as a whole, average [...]
Generation unlucky: Millennials are feeling sorry for themselves financially (and don’t mention Brexit) December 10, 2016 With Christmas on the way, spare a thought for the millennials in your life. They are are probably feeling hard done by financially, and miserable about 2016’s Brexit vote. Maybe you could consider putting another tangerine in their stocking, or adding an extra £5 on to their HMV gift card, to make up for it. A [...]