Rents are rising at the fastest rate for six months May 24, 2016 Rents are rising at the fastest rate for six months, according to data released today, reaching an average of £793 in England and Wales in April. Rents are 2.4 per cent higher than at the same point last year, according to the latest research from Your Move and Reeds Rains. Three regions – the East Midlands, West [...]
Goldman Sachs told Arcadia bosses that Dominic Chappell had a history of bankruptcy May 23, 2016 Top Goldman Sachs banker Anthony Gutman told MPs this evening that his firm warned Arcadia Group over its sale of BHS. Gutman, co-head of investment banking services for Europe, said that Goldman offered informal advice on the sale and highlighted that Retail Acquisitions' Dominic Chappell had a history of bankruptcy. Gutman described his advice over [...]
Blame Brexit: International investors shun prime London property May 23, 2016 The proportion of international buyers and sellers in London property fell in the first quarter of 2016, according to research released today, despite a fall in sterling making UK property relatively attractive. The effect was strongest in central London, but there has also been reduced activity in overseas nationals across the whole of London. The research [...]
Wealthy foreign family named as potential bidder for BHS May 23, 2016 A wealthy overseas investor is reportedly in talks to save the high street clothing store BHS. The bidder has launched a new vehicle with the intention of taking over the ailing retail company within the next 48 hours, according to Sky News. Sources speaking to Sky News could not confirm the exact identity of the bidder, [...]
UK landlords bet one bedroom flats will produce the best capital returns this year May 23, 2016 UK landlords expect one bedroom flats to produce the biggest capital gains this year, with two bedroom flats set to provide the biggest rental yields, a study has revealed today. Research showed that 25 per cent of UK landlords said one bedroom flats would offer the highest capital gains over the next year, followed by student [...]
European grocery prices increase at slowest rate for six years May 23, 2016 The price of items in Europe's shopping-basket have risen at the slowest rate for six years, as the price war in supermarkets continues to hit grocers. As a result, shoppers are purchasing more of such grocery items including food, drinks and toiletries, with sales volumes increasing year-on-year for the eighth quarter in a row, Nielsen data [...]
Now you can live on the site where Star Wars, ET and Superman were produced as Denham Film Studios is converted into homes May 23, 2016 Weston Homes has bought the legendary Denham Film Studios in Buckinghamshire, and is transforming the studio once used by Hollywood film directors into a £120m Art Deco residential address. Directors including Stanley Kubrick and Steven Spielberg have used the site for crafting their blockbusters – and soon you could live there. The "mini-Beverly Hills" will provide 224 converted [...]
Chairman of BIS select committee unimpressed by evidence given on BHS so far May 23, 2016 As the inquiry into the collapse of BHS continues today, chairman of the Business, Innovation and Skills Select Committee has said he is "not impressed" by the people who have given evidence so far. Iain Wright, Labour chair of the committee looking into the sale and acquisition of BHS, told BBC 5live's Wake up to [...]
This scientist’s 3D map of UK house prices will make you weep into your morning coffee April 22, 2016 A physicist with a "morbid curiosity" about London house prices has literally added a new dimension to the horror of the capital's property boom. This fly-through 3D animation shows the house prices of all properties sold in England and Wales from 1995 onwards, averaged and adjusted for inflation. London sticks out as a huge red scar on [...]
