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Living in these parts of London is cheaper than moving to the commuter belt

16 November 2017

Analysis of house and commute prices in some of the capital’s most popular commuter towns has suggested staying in some zone three locations could save people more than £11,000.

Taking into account stamp duty, legal fees, removal fees and rail fares, moving to Sevenoaks will cost an average £28,647 a year over a 25-year mortgage. Meanwhile, the annual cost of mortgages and rail fares for those living in Upton Park is £17,326: an £11,321-a-year difference.

The figure is similar for many of the capital’s most popular commuter towns: living in Woking, in Surrey, costs commuters £28,107, while life in St Albans costs...

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UK to double tier 1 visas to lure foreign tech talent

15 November 2017

Tier 1 visas are set to double in order to increase the migration of tech based talent to the UK. The new immigration plan is a statement of Britain’s aim to remain open to business post-Brexit.

The British government is planning to double the number of visas in the Tier 1 (Exceptional Talent) category in a bid to lure highly skilled foreign workers to the UK.

Prime Minister Theresa May revealed that officials were working out the practical details of the proposal to raise the current, annual total of 1,000 visas under the ‘exceptional talent’ route to 2,000 route.

Tech sector migrants from... Read More

Four in 10 home sellers in London cut asking prices as UK property market slumps further

13 November 2017

The proportion of London home sellers dropping their asking price is rising as the property market slumps further.

With more than four in 10 revising lower, the average price cut of 6.7 per cent reflects “initial over-optimism and a tougher market,” Rightmove said in a report published Monday.

New vendors coming to the market in November are also reducing their expectations, albeit more modestly, with a 0.2 per cent decline from a month earlier to £628,219. That’s an annual drop of 2.4 per cent — a far cry from growth of more than 20 per cent in 2014.

Pressure on incomes keeps... Read More

London house price forecasts borough by borough

06 November 2017

UK ECONOMY

KPMG has a very deep understanding of the UK economy and suggestions that the UK economy will remain fairly subdued for the short to medium term are worth listening to. We know that there are a number of dark clouds hovering over the UK economy such as Brexit, political uncertainty and a recent change in interest rate policy by the Bank of England. While many believe Brexit offers good long-term opportunities to invest in the UK it is unlikely we will see widespread investment while uncertainty surrounds the talks with the European Union.

LONDON BOROUGHS

It is ironic but we will...

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The UK is still the most attractive European country for employers and staff

01 November 2017

Talent, quality of life, location and cost put London ahead, with Edinburgh and Bristol in top 20 despite Brexit

The UK is still the most attractive European country for employers and staff, despite the uncertainty created by the Brexit vote, according to a report by Colliers International.

A combination of talent, location, quality of life and cost puts Britain ahead, the commercial property company said. London ranks first in the league table of 50 European cities, with Birmingham, Edinburgh, Manchester, Bristol and Glasgow also featuring in the top 20.

Simon Ford, a director at Colliers, said: “In the face of negative reports surrounding...

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UK reluctant’ to grant overseas business visas

31 October 2017

The number of overseas business visas granted by the UK government to representatives of foreign businesses has dropped by 11 per cent in the year since the vote to leave the European Union, according to a new survey. Home office reducing visas as part of reducing net migration

Anglo-Swiss law firm Collyer Bristow found that 125 visas were granted in the year ending in March this year, down from the 140 that were granted over the previous 12 months – and this happened despite the fact that, between 2016-17, applications for the visas increased by a third.

The reason for the reluctance to...

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China is now the largest market for many serviced apartments in the UK

25 October 2017

China is now largest overseas market for many serviced apartment operators in the UK. Serviced apartment sector is booming right across the UK; +74% increase in future pipeline: 15,728 NEW serviced apartments by 2020.

‘China Daily’, leading English-language newspaper in China (daily circulation 500,000 in 150 countries/regions) ran a special report about the phenomenal growth in Chinese visitors to the UK using serviced apartments as their accommodation of choice.

The serviced apartment product – a self-contained apartment with living and sleeping areas along with a fitted kitchen and bathroom (sizes vary from studio to 3 or 4 bedroom apartments) meets the needs...

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Home office says EU nationals will be allowed into Britain if they have a job

23 October 2017

EU migrants would be able to come to Britain after Brexit as long as they have a job under Home Office plans.

The new regime is being pushed by Home Secretary Amber Rudd, who wants to keep migration rules as simple as possible after the UK leaves the EU.

It could result in European nationals facing removal if they cannot find work – but her proposals would mean no overall cap on the numbers arriving.

Miss Rudd wants to permit any EU national who can find a job the right to live and work in Britain.

She also wants very tight restrictions on criminals...

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UK house prices are soaring

20 October 2017

HOUSE prices have been soaring in certain areas of the country, but for those hoping not to stray far when moving, looking at new homes in neighbouring areas could save thousands of pounds.

Last week the latest data from the ONS highlighted a house price per square metre deficit of over £18,000 between the most expensive in England and Wales (Kensington and Chelsea) and the most affordable (Blaenau Gwent).

With many homeowners opting not to move too far away from where they already live, the latest research by eMoov.co.uk has looked at where homeowners can save with some of the biggest...

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May promises EU expats ‘streamlined’ registration system

19 October 2017

Prime Minister Theresa May has posted an open message to the three million-plus EU expats in Britain, saying London and Brussels are “in touching distance” of an agreement to secure their futures.

Theresa May directly addresses EU expats via social media

The message, posted on Facebook and mailed to 100,000 EU nationals living in the UK, Mrs May promised to introduce a simple system to enable them to remain in the UK with a “streamlined” digital process for registering their right to stay.

Mrs May, who arrived in Brussels for a EU summit on Thursday, reiterated her message that “EU citizens living lawfully...

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