After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
House prices of the future: London will average more than £1m while properties in much of England will be worth more than £500,000 May 17, 2016 The average price of a home might feel eye-watering today – but by the standards of 2030, they'll seem positively good value. New research claims to have estimated how much prices will go up by across Britain – and all those skinny houses and over-priced garages suddenly look like bargains in comparison. Indeed, if prices [...]
Property prices are continuing to soar – and it’s not just because of stamp duty May 17, 2016 There's yet more evidence that the government's stamp duty changes forced house prices up in March – but experts are warning that a chronic undersupply of housing will continue to push prices up overall. UK house prices increased by nine per cent in the year to March 2016, up from 7.6 per cent in the year to [...]
Property Premier League: These are the top hot spots for house price growth in the UK (and Leicester isn’t number one) May 17, 2016 You might not have backed the winning team in this year's Premier League – but perhaps you fared better in the property world's equivalent? If you don't want to see the results – and we're talking to you, Manchester City fans – look away now. Over the course of the football season Watford has been crowned the winner [...]
Land Securities warns Brexit could be “painful for the property industry” as it reports pre-tax profits plunge May 17, 2016 Land Securities’ pre-tax profits almost halved in the year to 31 March amid “uncertainty in the lead up to the EU referendum”. It said a Brexit could be “painful for the property industry and those it supports” but stated that it could “thrive” no matter what the outcome. The figures In the year to 31 March, Land [...]
Tale of two cities: Winners and losers in the London housing market May 17, 2016 House prices in some of prime central London’s most expensive postcodes have plummeted by more than 10 per cent, while further out of town prices have powered ahead, resulting in a new two-speed market in the capital. The sea-change, caused by factors as diverse as stamp duty reforms and an economic slowdown in China, is creating [...]
Five things you should know about Brexit and your finances May 17, 2016 Six weeks to go before the Europe referendum on 23 June and both sides are campaigning hard. Boris Johnson says the only safe option is to leave, while Bank of England governor Mark Carney cautions that it’s a dangerous choice, as everything from employment to food prices will be affected. We take a look at the [...]
The Netherlands is the most lucrative buy-to-let property hotspot in the EU according to study from World First UK May 16, 2016 You might have thought it would be somewhere coastal on the Mediterranean, or a country better-known for its second home culture such as Italy or France. But the most lucrative buy-to-let market in the European Union turns out to be the modest, not-so-hilly, tulip-saturated Netherlands. With the EU's highest rental yield rate in April, at [...]
EU referendum: Fitch warns that protracted post-Brexit negotiations could trigger recession May 16, 2016 The stakes of any post-Brexit negotiations were laid bare today in a new report from ratings agency Fitch, which assesses how the UK economy will perform if it were to secure different terms of exit after voting to leave the EU. In its worst scenario – in which Fitch predicts at least two years of political wrangling along with [...]
Surprise: Asking prices have jumped to new record highs of £308,151 across England and Wales May 16, 2016 In what seems now to be an ongoing trend, asking prices in England and Wales jumped to a new record high of £308,151 on average in May. The "eye-watering" increase is a rise of £1,118 on the previous month, property website Rightmove said in figures released today. The price uplift has come despite a flurry to [...]
Housebuilder Crest Nicholson’s share price rises as it rides the house price wave May 16, 2016 Brexit threat? What Brexit threat? Crest Nicholson proved this morning that housebuilders continue to be on a high – despite market uncertainty. The figures In a trading update this morning, the housebuilder said it completed 1,206 homes in the six months to the end of April, up seven per cent from last year's 1,124 homes. Sales rate per outlet rose four per cent on [...]