After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London’s poshest properties may be past their peak due to UK’s referendum vote July 1, 2016 Prime property in London has been losing some of its shine this year. The political and economic uncertainty in the UK has been weighing on London's high-end homes, as research shows prices fell in the second quarter of 2016. The average value of a prime property in central London fell 1.4 per cent in the quarter, [...]
Opinion: A real estate legal specialist explains why using Brexit to get out of a property deal is a very bad idea June 30, 2016 Several days on from the result of the EU Referendum and, inevitably, many are wondering how leaving the EU will affect the London residential property market. First, it’s important to take a step back and look at what was happening before the referendum. The 15 per cent stamp duty and annual taxes for properties worth [...]
New homes on sale in London this weekend: from South Bank Tower to eco “Urban Houses” in Blackheath June 30, 2016 South Bank Tower From £1.8m The remaining 193 studio to four bedroom apartments and penthouses in the 41-storey South Bank Tower – formerly the IPC Media building – are now on sale. Four new show apartment by four interior designers – 1508 London, Goddard Littlefair, Studio Ashby and Rachel Winham – have been drafted in by [...]
More than 2,000 people have already cashed in their Help to Buy Isa just four months after launch – getting a bonus of just £421 June 30, 2016 Perplexing news from the Treasury, which has reported more than 2,000 people have so far cashed in their Help to Buy Isas – meaning they've made an average of just £421. The figures, published this morning, showed 1,490 properties were bought in the four months to the end of March through the scheme, which gives savers a £50 [...]
It’s premature to assume Britain will plunge into recession June 29, 2016 As the dust settles on last week’s referendum, pretty much every verdict I have heard or read agrees that the UK economy faces a period of contraction and the market has moved very quickly to price that scenario in. At first glance, this case is persuasive. There has been clear evidence of deferred investment in [...]
Canvas & Stone: We ask five entrepreneurs who inherited country estates how they managed to turn their crumbling piles into profitable businesses June 29, 2016 Inheriting a country estate sounds like one of the most ridiculous privileges that could be bestowed upon a 30-something in modern Britain. In reality, it’s a bit like being told to look after a dying relative in the middle of nowhere who keeps stealing from your wallet when you’re not looking. When five friends suddenly [...]
Global: Move over Hong Kong. Macau, China’s former sin city is suddenly looking like a safe bet on the property market June 29, 2016 Established in the 1960s as a gambling hotspot, Macau was once infamous in Asia as the ultimate vice town. Gambling was entirely legal, but it wasn’t the sort of place you went for a weekend unless you had friends in the people-removal business. Skip forward to 2002 and the lifting of the monopoly on Asian [...]
Borrowing reached an 11-year high before the EU referendum June 29, 2016 Lending to British households grew at its fastest pace in a decade in the run up to the EU referendum, new figures from the Bank of England have shown. Consumer credit – a measure of loans and credit card debt, but not mortgages – grew by 9.9 per cent in the year to May, the fastest [...]
UK house prices rose in June – but will Brexit hit house prices? Three experts give their view June 29, 2016 It seems the nation's house buyers were unperturbed at the prospect of a Brexit vote, after new figures showed house prices rose in June – despite warnings by the chancellor. Figures from Nationwide this morning showed prices crept up 0.2 per cent in June, or 5.1 per cent in the year to the end of [...]
Nearly a fifth of Londoners are less likely to sell their home post-Brexit June 29, 2016 Nearly a fifth of Londoners say they are less likely to sell their property after Britain voted to leave the European Union. A survey of UK homeowners found an average of 12 per cent are less likely to put up a 'for sale' sign in the next three years – and the figure rises to 18 per cent of [...]