Rocketing London house prices push up demand in commuter hubs including Bexley, Watford, Cambridge and Sutton October 7, 2015 The London borough of Bexley was the most in-demand location for house buyers in the UK in the three months to September, research published today by eMoov reveals, yet demand in the rest of the capital stagnated as soaring house prices pushed potential buyers into the commuter belt – a kind of ripple effect. Watford, [...]
Qatar Investment Authority mulls shifting its focus away from the UK October 7, 2015 One of the world's largest sovereign wealth funds is reportedly considering shifting its focus away from the UK and Europe more broadly, in favour of the US and Asia. But the Qatar Investment Authority's (QIA) plans could deal a blow to the City because it regularly takes part in initial public offerings and mergers and acquisitions. "The [...]
Conservative party conference 2015: David Cameron to unveil affordable housing plan October 7, 2015 Prime Minister David Cameron will today claim the Conservatives are “the party of homeownership” as he unveils plans to accelerate the building of discounted properties for first-time home buyers. In his speech at the Conservative party conference in Manchester, Cameron will announce that the government’s proposed “starter homes” will be part of the wider [...]
City Moves for 07 October 2015 | Who’s switching jobs October 6, 2015 EY The professional services firm has announced the appointment of Nick Parkhouse to lead its new financial services debt advisory team. He joins as an executive director from RBS, where he was a senior director and led a structured finance team focused on specialty finance markets in the UK. Parkhouse has also previously held roles [...]
Tougher stamp duty rules have hit prices for top country homes – Knight Frank October 6, 2015 Prices of top country homes have slowed over the third quarter of the year as tougher stamp duty rules hit demand for £1.5m plus properties, according to research out today. Knight Frank’s index of prime country property shows prices edged up by 0.7 per cent between July an September, compared with a 0.9 per [...]
Global property investment reaches post-financial crisis high – Cushman & Wakefield October 6, 2015 Global property investment has reached its highest level since 2008, new research shows, with New York and London holding on to the top spots as the world’s most sought after cities. According to Cushman & Wakefield (C&W), investment volumes rose by 16 per cent to $942.8bn (£621.4bn) in the year to June – just [...]
UK house prices expected to rise again over next 12 months – Halifax October 6, 2015 A looming interest rate hike has failed to dent the outlook for house price growth in the UK. Halifax’s quarterly housing market survey revealed house price inflation is at nine per cent yet optimism remains high, with 68 per cent of Britons expecting average property prices to be higher in 12 months’ time and [...]
London property price boom is making flatshares unaffordable for the capital’s residents October 6, 2015 Not only is London the most expensive place to buy a property in the UK, and seemingly getting pricier all the time, it is also becoming increasingly difficult to live in a flatshare in the capital. The average monthly price for a rented room in London is £692.30, according to data from flatshare website [...]
Halifax: UK house prices show biggest monthly fall in a year in September October 6, 2015 UK house prices fell by their most in a year in September, figures published today showed, with the average house price falling 0.9 per cent from £204,722 to £202,859 between August and September. That's a huge fall from the 2.7 per cent rise between July and August. The figures, by Halifax, showed prices in the [...]
City Moves for 6 October 2015 | Who’s switching jobs October 5, 2015 ETF SECURITIES The provider of exchange traded products has appointed James Butterfill as head of research & investment strategy. Based in London, he will report direct to Mark Weeks, the firm’s chief executive officer. Prior to joining ETF Securities, Butterfill worked at HSBC, and most recently at Coutts, as a multi-asset fund manager and global [...]