Home sales jump to 19-month high as mortgage approvals rise: Home sales have surged to an 18-month high as a combination of economic growth, low interest rates and a rise in mortgage approvals bolstered the property market over the summer.
UK Halifax house price index advanced less than expected in the July-September 2015 period
On a YoY basis, the Halifax house price index recorded a rise of 8.60% in the July-September 2015 period, in the UK, lower than market expectations for an advance of 9.10%. In the June-August 2015 period, the Halifax house price index had registered a rise of 9.00%.
Universal Music to move U.K. headquarters from Kensington to King’s Cross: Universal Music is moving its U.K. headquarters to King’s Cross, in a major coup for Argent, the developers behind the regeneration of the 67-acre scheme.
Canadian pensions giant Omers moving into the Cheesegrater: Omers, one of Canada’s largest pension funds, is moving into the City’s Cheesegrater skyscraper, which is owned by the company’s real estate arm Oxford Property and British Land.
Property firm expands in Scotland: Lambert Smith Hampton, the commercial property consultancy, has appointed Craig Maguire as head of its Scotland operations as the firm gears up to double its size North of the Border.
London ‘to grow twice as fast as north despite Conservative policies’: The economic gap between London and other major cities will widen significantly in the next 10 years, undermining the Chancellor’s push to create a “northern powerhouse”, according to a report.
Selling to uber-rich is a home banker: Knight Frank’s 65 equity partners will share a bonus pot of about £80 million this year after the property consultancy notched up a record set of results, despite signs of a slowdown at the top end of London’s housing market.
Datafeed and UK data supplied by NBTrader and Digital Look.
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