Category Archives: Economy

Millions of households on a financial knife-edge

More than 3 million households across the country are living on a knife-edge where a small drop in income could cost them their home, new figures have revealed.

New analysis of government data by the University of St Andrews, on behalf of Shelter, found that 1 in 8 households in the UK are surviving on low incomes while paying unaffordable housing costs, putting them under huge financial pressure. Continue reading

Buyers cooling but Brits remain confident

Confidence in the housing market is split: the public have never been more optimistic about house sales, but conversely the outlook for the purchase market is at its lowest level since 2011, according to the latest quarterly Halifax Housing Market Confidence tracker.

The Confidence Tracker indicates that of those surveyed, 57% feel it will be a good time to sell in the next 12 months, exceeding those who think it will be a bad time (32%). Continue reading

‘Convenience culture’ drives high street revival

A new in-depth study into the state of British high streets has revealed how town centres are adapting to meet the changing demands of the nation’s consumers.

Researchers at the University of Southampton have revealed how ‘fundamental’ changes to Britain’s ‘convenience culture’ are transforming the way we shop and bringing new business into town. Continue reading

London Mayor boost for thousands more affordable homes

London boroughs and housing associations have been given a huge boost as the Mayor of London, Boris Johnson, has allocated almost half a billion pounds to over 50 housing providers to build thousands of new affordable homes in the capital.

An additional £404m has been allocated under the Mayor’s ambitious plans to increase house building, which also include funding for the London Housing Bank and Housing Zones as part of an overall £1.25bn package to deliver 45,000 affordable homes by 2018. Continue reading

Cost of housing fuelling fears for the future

One in five Britons fear having to move out of their local area because of the high cost of housing, according to a new survey carried out by the Chartered Institute of Housing (CIH)/Ipsos MORI.

The poll questioned adults aged 16-75 online across Great Britain. Twenty per cent agree they might have to leave their local area in the future because the cost of housing is too high. Continue reading

More than 20% of Zoopla members take up shares

Zoopla Property Group Plc (ZPG) will today float on the London Stock Exchange and the company has announced that over 20% of its agent and developer members have taken up their rights to purchase shares at a discount to the offer price in the company’s Initial Public Offering (IPO).

ZPG’s members who have elected to buy shares in the IPO will initially be allocated £9.2m of shares for a total investment of £7.4m. Continue reading

Updated laws for Londoners to let own homes for extra cash

New measures will end outdated rules from the 1970s preventing London residents from renting out their own homes on a short-term basis to visitors, Communities Secretary Eric Pickles has announced.

There were nearly 5 million overseas visitors to the capital between July and September last year alone, and thousands of properties available as holiday lets on travel websites. Continue reading