After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Are you a GloMad or Tumbleweeder? Discover the London housing tribes that’ll be determining the property landscape May 26, 2016 Every week, City A.M. invites an industry professional to write about an emerging trend in the property market. Are you a MeCo, a Tumbleweeder, or perhaps a My Sizer? These are London’s new housing tribes. Through Strutt & Parker’s latest Housing Futures research, we discovered that 65 per cent of Londoners who intend to move [...]
Property Entrepreneurs: Johns & Co founder John Morley on how he plans to improve landlord-tenant relations May 26, 2016 For too many of London’s flat dwellers, their experience of property management has been wondering why repairs take so long and why calls for help go unanswered. Part of the problem lies in the fact developers have little long term interest in management once they have sold all the apartments in a scheme, so, all [...]
At the close: Little to report as FTSE 100 holds its own after strong week May 26, 2016 It will take more than an immigration row and some disappointing business investment figures to shake the FTSE 100 this week, as equities clung on to monthly highs. The index closed up a touch at 6,265.65, with none of the UK's largest 100 companies having a day to remember or forget. The top climber – Intu Properties [...]
Only one in four estate agents think Brexit would hit house prices May 26, 2016 Most estate agents are confident that the demand for housing in Britain is so strong that Brexit would fail to dampen it. New research out today shows that only one in four estate agents think demand would weaken in Britain votes to leave the EU in the June referendum. In the survey from National Association of [...]
Should we blame empty foreign-owned apartments for London’s housing crisis? The data says no May 26, 2016 London's housing crisis is worsened, maybe even caused, by wealthy foreigners buying up properties and leaving them empty. Right? It’s an attractive argument, identifying a specific and unpopular culprit (the global rich) while spreading the notion that they are to blame for most of today’s social and economic problems. Unfortunately, in this case, the figures [...]
Buy to let investors are feeling the heat: What are the alternatives for gaining exposure to residential property? May 26, 2016 The buy-to-let boom of recent years has fed the stereotype that Brits are uniquely obsessed with property. Yet statistically this appears to be little more than a myth. The latest data from Eurostat show that 64.8 per cent of the UK adult population lives in a property they own compared to an EU average of [...]
Ladies who don’t lunch: Maike Currie talks to Hermes Investment Management’s Harriet Steel about success, failure and building things May 26, 2016 Most people detest building. Whether it’s a new build, extension or renovation, chances are it will feature somewhere on the list of life’s more stressful events, perhaps only a few notches below death, divorce, starting a new job and moving home. Harriet Steel, global head of business development at Hermes Investment Management, however, relishes it. [...]
Property of the Week: Sanctum is a rare floating home in Putney and it’s full of bespoke furniture and antiques May 25, 2016 Finding a property that meets all your requirements in London is no easy task. In fact, it’s such a bother that Charles Nicholson decided it would be easier to build one himself from scratch – on the Thames. Admittedly, Nicholson had a little help from his friends as he’s the managing director of The Contract [...]
London house prices: More than £12bn worth of properties are lying empty in the capital – and guess which borough is the worst May 25, 2016 We're used to hearing about how overpriced London houses have become – so research claiming that the capital is home to more than £12bn-worth of empty properties should be a wake up call. Across England, more than 200,000 properties are vacant – equivalent to £38bn. But while Bradford has the biggest vacancy rate of anywhere in [...]
This is just how misleading the figures are for London’s “average” house price May 25, 2016 Ever wondered why you can't actually find a decent property in London at the city's average house price – which we're often told is £550,000? Research released today suggests that figure is actually quite misleading: less than half of London's property is at this price – and even less in prime central London locations, Emoov research shows. The [...]