London property market: Why a mansion tax could be disastrous for government coffers September 10, 2014 The threat of a mansion tax still looms large over the prime London housing market – despite the fact it could end up cutting the amount of tax paid to the government, according to research from property consultancy Savills. A mansion tax has been suggested by both the Liberal Democrats and Labour, and has proven [...]
Why Labour’s landlord plans will mean a better private rented sector September 10, 2014 Contrary to the views expressed by Ryan Bourne of the IEA, Labour’s reforms to the private rented sector are designed to address the chronic instability faced by families up and down the country. However, I agree wholeheartedly with his analysis that addressing the shortage of homes is paramount, and that’s why Labour has committed [...]
How to save up for a house deposit September 9, 2014 With property prices surging in recent years – by 19.3 per cent in London in the 12 months to June, according to ONS data – the amount needed for a house deposit has shot up. The latest figures from LSL Property Services show that the average first-time buyer put down just over £30,000 for a [...]
Hungry for a sweet property deal? Lord Sugar puts City of London property on market September 9, 2014 Hungry for a sweet property deal? Lord Sugar has fired the starting gun on bids to lease his 40,000 sq ft property The Sugar Building and he is open for tempting offers from a single occupier. Looking at the accompanying image, the building is still under wraps – but interested parties should get [...]
Mark Carney to discuss wages in speech at Trades Union Congress September 9, 2014 Mark Carney will discuss his plans for real wages in an address to the Trades Union Congress (TUC) later today. The prospect of an interest rate rise continues to shadow the governor, and members of the TUC are expected to tell Carney to reject a hike until real wages show signs of strengthening. The Canadian [...]
House prices show market finally cooling September 8, 2014 HOUSE prices rose by just 0.1 per cent in August, according to the Halifax index, showing that the UK’s fast-moving property market is finally slowing down. The small increase took the average price to £186,270, with prices in the three months to August three per cent higher than the previous quarter and 9.7 per cent [...]
Battersea retail search: This gorgeous image shows how the South Bank will look in 2023 September 8, 2014 Battersea Power Station began the hunt for businesses to fill the redeveloped version of its 42-acre site last week, launching a global tour taking in Kuala Lumpur, New York, Dubai, Paris, Los Angeles, Milan, Tokyo, Beijing, Singapore, Hong Kong, Shanghai and Doha to find the right businesses. The scale of Battersea itself is already massive: [...]
Is the UK property market finally cooling? House price growth slows to 3pc September 8, 2014 House prices grew just three per cent in the three months to August, down from 3.5 per cent in July, figures published this morning showed – another sign of cooling market conditions. The figures, by Halifax, showed prices rose 9.7 per cent in the year to August, down from July's 10.2 per cent, and just [...]
City Moves for 08 September 2014 | Who’s switching jobs September 7, 2014 Standard Chartered Karin Flinspach has been appointed head of cash products, transaction banking at Standard Chartered. She has over 20 years’ experience in cash products, and was most recently head for payment and receivables for Europe, Middle, East and Africa at Citibank. Centrus Advisors The Treasury, corporate and project finance advisory firm has appointed Jonathan [...]
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