Financial Times reports that the UK’s biggest international banks are set to move fewer than 4,600 jobs from London in preparation for Brexit (just 6 per cent of their total workforce in the financial centre). The FT analysis contrasts with con... read more »
Average prices of £5 million-plus properties in London have dropped by almost 10 per cent over the past year as higher stamp duty rates dampen demand for upmarket homes in the capital. According to LonRes, a property data provider, average pric... read more »
London house prices fell faster than anywhere else in the country in March as the impact of Brexit finally caught up with the property market. The average price of a home slipped 1.5 per cent in March to £471,742, dragging the year-on-year rate... read more »
The Council of Mortgage Lenders is “more pessimistic about the future than a year ago,” forecasting a continuation of “subdued” transactions levels across the country – and a particularly bleak time for th... read more »
The UK HPI recorded a 0.4% rise between June and July, putting the annual increase at 8.3% and the average price at £216,750. The first official post-Brexit reading puts the annual price increase in England at 9.1% after a 0.5% monthly rise; at... read more »
Following the Brexit vote, the race to succeed London as Europe’s financial capital is on. “We know that groups based in the City are planning to leave for Dublin, Amsterdam, Frankfurt and Paris,” the French prime minister, Manuel V... read more »
A desperate shortage of homes on the market has prevented a post-Brexit-vote slump in property prices over the summer, a survey shows. Average prices across Britain grew by 0.6 per cent in August to £206,145 — a 5.6 per cent increase on t... read more »
The Bank of England has held the UK's main interest rate at 0.5% despite speculation that it would cut rates. The Monetary Policy Committee voted 8-1 to leave rates unchanged. This was the first chance for the Bank of England’s Monetary Policy ... read more »
In voting to leave the EU, the UK has made probably its most profound economic and political decision in 60 years. The Leave vote doesn’t reduce the demand in the UK housing market. However, in the immediate aftermath, we expect a quiet summer ... read more »
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