UK investors favoured global funds in run-up to US election November 28, 2016 UK investors were setting their sights on global funds to mitigate against uncertainty in the lead up to the US election. Global equity, global emerging markets and global bonds made up three of the top five selling sectors in October, according to the Investment Association's figures. Read more: Fine wine investments: The vintages that will generate [...]
Meet Masthaven: The latest challenger bank on the scene November 28, 2016 Masthaven has become the latest challenger bank on the scene, as it officially opens for business today. The bank was initially awarded its retail banking licence in April and has spent the time between then and now strengthening its team and developing its technology platform and product offering. At present, the challenger offers a flexible [...]
The surprise London areas where disposable income’s rising fastest November 28, 2016 Did someone say gentrification? Any resident of south London knows the area's on the rise, but now new figures reveal just how much that's happening: disposable incomes in some of the hottest areas south of the Thames are rising more than 10 times faster than the rest of the UK. Lewisham and Southwark experienced a 5.3 per cent rise in cash in [...]
Mongolian property developer aims for London float November 28, 2016 A Mongolian property developer is plotting a flotation on the London Stock Exchange’s junior market. Asia Pacific Investment Partners this morning announced its intention to float on the Alternative Investment Market (Aim) next month. The group claims to be one of “a few Mongolian real estate developers able to effectively access both international and domestic [...]
Aberdeen Asset Management stems outflows after Brexit vote November 28, 2016 Aberdeen Asset Management jumped over four per cent despite revealing full-year double-digit percentage falls in revenue and profits. Net outflows from its funds totalled £33bn, in what the firm called a "tough" year. The figures Net revenue totalled £1.0bn, down from £1.2bn in the previous year. Underlying profit before tax fell by 28 per cent to £353m. While earnings [...]
Focus On Peckham: How it went from Only Fools fame to be the first time buyer capital of London November 25, 2016 Whatever you think about 2016, it’s been a billboard year for Peckham. Two large houses near Peckham Rye station sold £2.5m this year, a record price for the area, firmly cementing SE15’s fast-growing reputation as a desirable place to live. It’s not bad for an area that is embedded in the national psyche as the [...]
Autumn Statement opinion: Will the Chancellor’s ban on fees kill off the high street letting agent? November 25, 2016 Two days on and the property industry is still reeling from the Chancellor Philip Hammond’s decision to ban letting agent fees for tenants almost immediately. It shouldn’t have come as a surprise, given that these fees were banned in Scotland four years ago and the Government has actually been consulting on them for the last [...]
Housebuilder shares fall on a quiet day on the markets November 25, 2016 It's so quiet on the markets today you can hear a pin drop – but that didn't stop housebuilders from being hit after this week's Autumn Statement. On the FTSE 100, Persimmon and Barratt were among the biggest fallers – they were both 0.8 per cent lower, at 1,715p and 469.6p respectively. Tayler Wimpey, the other [...]
Sirius Real Estate to move to main market in 2017 November 25, 2016 AIM-listed Sirius Real Estate is planning to move to main market in early 2017, City A.M. understands. The property company, which focuses on commercial property in Germany, is expected to announce the news in the new year. Read more: Angela Merkel confirms she will seek fourth term Sirius is listed in both London and Johannesburg. It [...]
The average £1m London home now has fewer than three bedrooms November 25, 2016 The average home worth £1m in the capital has just 2.9 bedrooms, figures have suggested. Using data from OntheMarket.com Savills researcher Lucian Cook found homes valued at between £900,000 and £1.1m across the rest of the UK have more than four bedrooms – while in London, it is fewer than three. The next lowest figure [...]