Housing crisis: Retired Brits twice as likely to fund their children’s home deposits May 12, 2016 RETIRED parents in Britain are twice as likely to fund their children’s home deposits than their counterparts in other English-speaking countries, with London pensioners even more likely to support their offspring. Putting the housing affordability gap into stark relief, research commissioned by payments provider UKForex showed that out of 1,135 British retirees surveyed, 27 per [...]
Sadiq Khan will need to be radical in his thinking to solve London housing crisis May 12, 2016 The election of Sadiq Khan as London's new mayor neatly demonstrates what makes London a great city. Through his victory, Khan highlights that London is a city of opportunity where success is not dependent on a privileged upbringing. However, the attraction of London – thanks to its thriving economy and its ability to attract talent – [...]
London house prices broke the £600k barrier for the first time in April, according to the latest House Price Index from Your Move and Reed Rains May 12, 2016 London house prices broke through the £600,000 barrier for the first time in April, while the value of homes in the capital has almost doubled over the past seven years. Property prices in London have risen 11 per cent (£59,605) since this time last year, surpassing all other regions of England and Wales, according to the latest House [...]
New homes on sale in London this weekend: from Elephant Park to private gardens designed by Andy Sturgeon May 11, 2016 Elephant Park, Elephant & Castle From £540,000 Studio to three bedroom apartments and penthouses have been released in the Highwood Gardens building. The release of 222 properties for sale is the latest chapter in Lend Lease’s Elephant Park development, which will build almost 2,500 new homes on 22 acres of land and create a new [...]
Neil Woodford-backed Purple Bricks says full-year revenue quadrupled May 11, 2016 Neil Woodford-backed hybrid online estate agent Purple Bricks expects its full-year revenue to have quadrupled. The Aim-listed firm said today that its revenue for the full year is expected to be approximately £18.5m, a year-on-year increase of some 445 per cent. Read more: Purplebricks raises £58m in junior market Aim listing Trading throughout the second half of the year [...]
Neil Woodford-backed estate agent Purplebricks on course for triple-digit full year growth May 11, 2016 Purplebricks Group, the hybrid estate agent backed by Neil Woodford, has said it expects full year growth to reach "some 445 per cent". The figures The group, which will release official figures for the full year to 30 April on 16 June, said revenues would come in at around £18.5m, giving it a triple-digit growth [...]
Barratt predicts “significant improvement” as help to buy boosts housebuilding May 11, 2016 Barratt is showing no signs of suffering from the slowdown in property sales, with the housebuilder today confidently forecasting "a significant improvement in performance for the full year" thanks to help to buy. The figures The 19 weeks to 8 May have been "strong", with total forward sales, including joint ventures, up by 9.7 per cent to £2,8bn. Net [...]
Six of the best challenger banks: Disgruntled with HSBC, Lloyds, RBS and Barclays? We highlight the cream of the alternatives May 11, 2016 The big four high street banks – that’s Barclays, Lloyds, HSBC and RBS – have had their fair share of scandal over the years and many people have been left disgruntled with the service they’ve received. There’s been a lot of inertia in banking, with few people willing to move their main account. Nearly 60 per [...]
City Moves for 10 May 2016 | Who’s switching jobs May 10, 2016 Dearman Dearman, the clean cold technology company, announced the appointment of David Sanders as commercial director. David joins Dearman from the Carbon Trust, where he was direction of innovation, working with customers across the UK, Europe and Japan on strategy and innovation in the energy and resource efficiency space. Dearman is developing a suite of [...]
George Osborne says Brexit would endanger “tens of thousands” of financial services jobs May 9, 2016 George Osborne has warned “tens of thousands” of financial services jobs would be put at risk if the UK votes for a Brexit. Treasury analysis claims 285,000 jobs in the sector are linked to European Union financial services exports. And the chancellor said this evening that leaving the single market “would be catastrophic for jobs and [...]