Equity crowdfunding’s success will depend on how we deal with coming business failures January 20, 2016 The importance of failure is the oldest entrepreneurial cliché around. Going bust is idolised as a rite of passage for wannabe business leaders. Networking events hum with the buzz of anecdote one-upmanship. If you bought the hype, you wouldn’t believe anybody made a success of anything at the first time of asking. Nobody doubts that [...]
Hometrack: London asking prices accelerated in December January 20, 2016 London asking prices have risen 13.8 per cent over the last 12 months, according to figures released this morning by property market analysts Hometrack. The figures showed prices in the capital were the rising at the second-fastest rate in the country. The UK-wide index, which covers homes in cities, showed a rise of 11.4 per cent [...]
Global financial market turmoil dents investor sentiment January 20, 2016 Investor sentiment has fallen to its second lowest level since July 2013, according to figures released this morning. The Lloyds Bank Private Banking investor sentiment index, compiled from survey data, dropped to a score of 4.55 per cent this month. It was the lowest since September last year when a big rout in Chinese stocks sent [...]
British Land posts upbeat third quarter as London mayor Boris Johnson approves Norton Folgate plans January 19, 2016 Customers flocking to British Land’s shopping centres and ongoing demand for its offices helped the landlord deliver a strong performance in the third quarter, as the group also revealed that plans for a controversial Shoreditch scheme had been approved. The FTSE 100 property giant said retail footfall rose by two per cent over the Christmas quarter, with Meadowhall [...]
So much for the winter lull: UK house price growth jumps again in November January 19, 2016 UK house prices grew 7.7 per cent in the year to November, up from seven per cent the month before, as people rushed to buy homes before interest rates rise. The east of England led the charge, with price growth of 10.2 per cent, while prices in the south east and London rose 9.8 per [...]
UK house prices: Though it’s currently the economic golden child, Milton Keynes needs to shake off its brand image to become hot property January 19, 2016 Despite being one of the most confusing and maligned cities in the UK, Milton Keynes is managing to outpace London in terms of economic growth, according to the Centre for Economics and Business Research (CEBR). With good transport links, a booming property market, and massive employers like Argos and Red Bull based there, on paper this makes sense. But, let’s [...]
Office fit outs: Why asset finance is the smart choice January 18, 2016 The London property market is booming – and it’s not just the residential sector. The demand for office space in the capital is pushing up rents and this is having a significant impact on companies’ business strategies. Many firms are looking to move their headquarters out of London to more affordable locations, retaining small offices [...]
UK house prices: Property price growth will slow over next three years, EY Item Club predicts January 18, 2016 House price growth will slow over the next three years, according to new forecasts, as continued growth puts owning a property out of reach for many. Property prices are expected to rise by 6.5 per cent this year, new analysis by EY Item Club predicts. That growth will continue in 2017 and 2018, but at a more [...]
UK footfall slumps in December as Britons spend Christmas online January 18, 2016 Britain's high streets suffered their biggest drop in footfall in over a year in December, as Britons shunned stores in favour of buying Christmas presents online. Traffic fell by four per cent year-on-year, which is far greater than the drop of 1.8 per cent in December 2014 and marked the biggest drop since November that same [...]
UK property prices: Average cost of house has risen by 300 pc to over £680,000 in two decades – Savills January 15, 2016 The average house price in the UK has risen by 300 per cent and is now almost £200,000 higher than it was 20 years ago, according to upmarket estate agent Savills. The country's most expensive areas have seen an even steeper 538 per cent increase in the average house price from £108,032 to £689,649, found [...]