XL Group profit jumps in 2015 following acquisition of Lloyd’s insurer Catlin February 3, 2016 Insurer XL Group has reported profit of $228.5m (£156.6m) for the final quarter of 2015, up from $139.5m in the same period of 2014, while profit for the full year increased to $1.2bn from $188.3m in the preceding 12 months. The Dublin-based, New York-listed firm, which purchased Lloyd's insurer Catlin Group for £2.7bn last year, posted gross [...]
Peer-to-peer lending: Why the Innovative Finance Isa and investor interest in the property market will make 2016 a turning point for P2P February 3, 2016 NULL
Top interiors tips for turning your dreary rental property into a cosy home sweet home February 3, 2016 Whether you’re renting in the city for work or you’re not quite ready to climb on to the property ladder, your rental property still needs to feel like home. Most, however, look pretty, well, beige so here are some tips from interior design and property experts on how to put your stamp on a property [...]
London house prices: Foxtons’ share price climbs as estate agent ups dividend, saying 2016 property market looks “encouraging” February 3, 2016 Property slowdown? What property slowdown? Foxtons is upping its dividend by 13.4 per cent for the year after revenue grew across the board. The figures Turnover at the London-focused estate agent grew four per cent to £150m in the year to 31 December against a wider backdrop of property transaction levels dropping by around 11 per cent. [...]
Why do entrepreneurs move to the countryside? Falling land values sparks rise of rural startups, says RICS February 3, 2016 There is an entrepreneurial revolution taking place it is happening among Britain’s green pastures, a new report claims. Rising property prices in city centres and falling land values have made buying a plot in the countryside increasingly attractive to those outside traditional farming communities, according to the Royal Institute of Chartered Surveyors (RICS), fuelling a surge in new business [...]
Property market upbeat on lending activity in 2016 despite Brexit fears February 2, 2016 Lenders are predicting an upbeat outlook for the European real estate investment market this year, despite fears of a Brexit and the China market slowdown posing greater uncertainty, new research finds. Cushman & Wakefield’s latest European lending trends report found that more 90 per cent of the 60 leading European lenders surveyed – who collectively provide over €80bn of [...]
St Modwen to put £620m Nine Elms Square up for sale, paving the way for next year’s biggest land deal February 2, 2016 St Modwen has announced plans to put its £616m Nine Elms Square residential scheme up for sale in what it predicts will mark one of the biggest land deals in the market this year or next. The regeneration specialist and its French joint venture partner Vinci are carrying out a complete overhaul of New Covent [...]
Landlords threaten to sell up 500,000 rental homes after stamp duty hike February 2, 2016 Landlords are so tired of being persecuted by the government, they're threatening to flog half a million rental properties in the next 12 months – meaning the UK's rental sector could be about to shrink dramatically. And as we have learned today – the UK needs more rental properties… Research by the National Landlords Associations [...]
Made In Taiwan: As China’s growth slows, promising stocks lie across the Formosa Strait February 2, 2016 As China's earthquake rumbles on, the regional trading partners which have depended on its double digit growth for three decades are feeling the shocks. The Malaysian and Indonesian economies have suffered, but the manufacturing sectors in Japan, South Korea and Taiwan are also inextricably tied to that of Asia’s largest economy. Exports account for 70 per [...]
The Crown Estate unveils luxury homes at The Sherwood off Regent Street February 1, 2016 The Crown Estate has unveiled its latest collection of luxury apartments near Regent Street, which went on sale to the domestic market today. Named The Sherwood, the scheme is part of a £1.6bn overhaul across Regent Street and St James’. The developer, which returns all of its profits to the UK government “to benefit the nation”, [...]