Prime London property, revolting shareholders and the return of austerity: Here’s what got us talking this week April 15, 2016 We watched an all-singing imagining of what life would be like with Jeremy Corbyn for Prime Minister. We discovered the five things that make us happy. And we mourned the loss of the man who reminded us to Mind the Gap. Keep smiling, little one – the over 65s are actually the happiest people in [...]
Winners and losers from London’s house prices: Here’s which international investors have made a mint from London’s wild property sector April 15, 2016 London house prices have been on a wild ride in the last few years – and foreign investors have seized the market with both hands as prices spiralled upwards. But with the pound weakening in the run-up to the EU referendum, and the capital's house price growth looking as though it is beginning to cool, [...]
Sadiq Khan’s policies would only make London’s housing crisis worse April 15, 2016 When Londoners go to the polls for the mayoral election on 5 May, there’s no doubt that the issue of housing will be at the top of many voters’ minds. Over half of Londoners now mention housing as one of the most important issues facing the capital – an increase of 13 percentage points compared [...]
Property of the Week: the local investor who transformed an old wig factory in Beckenham into a £1.25m house April 14, 2016 On the way home from the pub in Wickham Road, Adam Jude Grant used to walk past a huge decrepit building – one of the oldest in dwellings in Beckenham, south east London – and wonder why it was falling into disrepair. Built in 1777, it sits in the Chancery Lane conservation area and has [...]
Property Entrepreneurs: Jake Willis, co-founder of London Shared, on the changing rental market and moving online April 14, 2016 There’s been lots of talk recently about house sharing as a way for young professionals to afford life in central London. And while the concept’s not new, there are few ways to make it simple. Many renters end up advertising rooms and interviewing potential housemates, feeling the heat as landlords demand full rent from day [...]
Why Build to Rent is the answer to London’s housing shortage April 14, 2016 Every week, City A.M. invites an industry professional to write about an emerging trend in the property market. Build to Rent represents a new way of living at a time when people are struggling with affordability and poor rental accommodation. And it could be the answer to the UK’s housing shortage providing large numbers of [...]
Holiday homes on the Costa del Sol are set to rise in the next few years as supply begins to run dry April 14, 2016 The Spanish property market may have been in a slump for the past few years but the bounce back has started. Enquiries are up in Marbella, glittering hang out of reality TV stars and the superyacht set, as well-heeled buyers source a home on the Med. The main hub of activity in this Costa del [...]
Bank of England holds interest rates at 0.5 per cent and steps up its warnings on Brexit April 14, 2016 Brexit could cause a prolonged period of instability in the UK economy, dramatically reduce the value of the pound and weaken growth, the Bank of England has warned, as it voted unanimously to hold interest rates at their record low of 0.5 per cent for another month. The rate-setting Monetary Policy Committee (MPC) made no [...]
City Moves for 14 April 2016 | Who’s switching jobs April 14, 2016 London Stock Exchange Group David Harris has been appointed into the newly created role of group head of sustainable business at London Stock Exchange Group. He will be responsible for ensuring that sustainability is integrated into activities group-wide, and will also continue as ESG Director at FTSE Russell. David has 15 years’ experience of working [...]
How London can turn the cyber-attack onslaught into an opportunity April 14, 2016 Whether it be the spectre of terror attack or catastrophic flood, reinsurance pools across the globe have historically been developed to handle the kind of risk judged too great for the insurance industry to bear alone. When the IRA bombed the Baltic Exchange in 1992, the scale of physical damage to buildings in the City [...]