Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years November 1, 2016 The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]
London’s house prices won’t rebound until 2020, according to JLL November 1, 2016 London's housing market won't recover from the hit of the referendum until 2020, property experts have predicted. According to research by JLL, the UK housing market will be "more subdued" over the next few years, and London house prices will recover in 2020 "assuming Brexit negotiations are not too detrimental". Read more: This is how the third [...]
Jobseekers enjoy lower competition for jobs as number of vacancies recovers slightly November 1, 2016 Advertised vacancies were up 0.8 per cent in September in the latest sign that the job market could be experiencing a slight recovery after a slip over the summer. The total number of advertised jobs was 1,132,844 in September, a slight rise from the 1,123,365 seen in August, new figures from Adzuna showed, concluding that confidence [...]
London must shake off its complacency over housing and infrastructure if it’s to thrive post-Brexit October 31, 2016 Rarely has a ranking of the world’s greatest cities been released in the past few years without London at its top, or very near it. PwC recently named the capital the world’s best city for opportunity, praising its economic clout, its attractiveness to foreign direct investment, its highly skilled workforce, and its status as a [...]
Home is where the smart is: City A.M. meets Krystian Zajac October 31, 2016 When I first came to the UK, I was living in a tiny flat with five other people. I was educated, but washing dishes for a living. I did not care, the money was still better than what I got in Poland,” says Krystian Zajac, founder of Andrew Lucas. As far as rags to riches [...]
No Brexit blues for upbeat housebuilders, despite concerns around skills shortages and costs of materials October 31, 2016 Housebuilders are refusing to be knocked back by any Brexit blues, as the industry remains optimistic on what the future holds, research out today has found. Lloyds Bank Commercial Banking found average five-year investment plans had increased by around 17 per cent over the last year, despite over a third (36 per cent) in the sector confessing [...]
Focus On Bermondsey: River views, great food, warehouse conversions – what more could you want in SE1? October 28, 2016 This ancient town, first mentioned in the Domesday Book as Bermundesy, has had a colourful existence on the south bank of the river Thames. For centuries condemned as a slum, this centrally located area in Zone One has blossomed in the last ten years into one of the most artistic – not to mention delicious [...]
Opinion: As house prices outstrip salaries, why are we still chasing the dream of homeownership? October 28, 2016 It’s over. Britain will no longer be a nation of homeowners. Now property sales are heading for an 80-year low and rentals are surpassing purchases for the first time since 1930, according to Countrywide figures released last week. To top it all off, prices have never been higher. In the good days (circa 1997 – [...]
Brexit hasn’t impacted the number of companies going pop too much. Yet… October 28, 2016 The number of companies going bust is edging up as experts predict that it is only a matter of time before numbers may rise more rapidly as a result of the Brexit vote. The latest data, released by the government's insolvency service, reveals that there were 3,633 corporate insolvencies in the three months since Britain's decision to leave [...]
Know your benefit crystallisation event from your pension input period with our A to Z of pensions jargon October 28, 2016 National Pensions Awareness day came and went last month, with no apparent impact on people’s understanding of one of the best ways of saving for retirement. The Bank of England’s media-savvy chief economist Andy Haldane said in May that even he was unable to understand pensions because the system is so complicated. This situation is [...]