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Manchester house prices soar

29 September 2017

House prices in London have registered their first annual decline in eight years, making the capital the worst-performing region in Britain – a position it last held in 2005.

The data, published today by lender Nationwide Building Society, showed a “marked slowdown” in London while the rest of the country saw prices continue to rise.

While price growth in the capital has been falling for some time, these are the first of Nationwide’s figures to reveal an actual fall since the onset of the financial crisis.

This picture was confirmed by separate data from house price analysts Hometrack, which shows house price...

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Travel Fares Are Rising By A Whopping 3.5%... Here's How To Get Around It

27 September 2017

In January 2018, travel fares are rising by a staggering 3.5% — the biggest increase we’ve seen in five years.

Londoners can get ahead of the game and freeze 2017 prices by joining CommuterClub, the scheme saving you big money when it comes to commuting.

It may not sound like much, but the 3.5% rise could be equal to paying for an extra two weeks of travel per year. And though it won’t affect pay as you go commuters, anyone with a weekly, monthly or annual travel ticket will have to face the hikes come New Year.

If paying the current 2017 prices...

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London is crowned the top global city despite Brexit challenges

27 September 2017

Why is London the top global city?

London has topped the list on a new index that claims to be the most comprehensive international city ranking yet, with research showing the capital is in the best possible shape to meet the challenges of Brexit.

After sifting through dozens of the most robust city indices and benchmarks - 44 in total - researchers at professional services firm JLL crowned London the best of just seven Established World Cities.

The new ranking was based on seven factors: corporate presence, city gateway function, market size, infrastructure platform, access to talent, specialisation and innovation and soft power.


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Looking for an alternative to London?

26 September 2017

With job opportunities and lower living costs, Belfast could be the alternative

Multinationals based there – taking advantage of low operating costs – include US insurer Allstate, law giant Baker McKenzie and professional services companies PwC and Deloitte.

Cost of living

Isis Dela Pena Palamine, who moved to Belfast from near Malmo in Sweden in 2014, works as a chef in the south of the city and said the cost of living compares favourably. “It’s very cheap to live here when it comes to food and to accommodation,” she said. “We live in a two-bedroom house which costs £425 a month; if that was...

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We are delighted to be shortlisted once again for "Destination Services Provider of the Year"

20 September 2017

Once again, we have made it to the Shortlist and we will be attending the Awards Ceremony on 10 November, it will be a wonderful evening and we are expecting tables to be booked up very quickly now the shortlist has been announced.

We look forward to seeing you there, in the meantime, join the conversation and tweet us @femglobal #FEMEMMAS #FEMEMEA and @iconrelocation

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How to secure a place at a top UK school

18 September 2017

The UK school system is more popular than ever with overseas students looking for a quality education. We look at what families moving to the UK need to consider when applying to a fee-paying school.

As top public schools report long waiting lists and overseas students look to a British education as a stepping stone to a coveted university place, we investigate what families making an inbound transition to the UK will need to consider when making an application to a select fee-paying school.

Independent reports suggest that more international students than ever before are attracted to the UK by the quality...

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Is the UK turning into a home buyer's paradise?

18 September 2017

Parts of Britain appear to be turning into a property buyer’s paradise, with asking prices across the country falling by an average of £3,360 in one month.

In August, the average price tag of a home was £313,663, compared to £310,003 this month, Rightmove’s latest house price index reveals. Those at the top of the housing ladder are benefiting the most from the price drops, with average asking prices for homes in expensive areas like Kensington and Chelsea in London falling 14.3 per cent or £308,179 in one month to an average of £1,845,692.

House prices

Across London, property asking prices...

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Houses more affordable across half of UK now than in 2007

14 September 2017

Homes across half of the UK are more affordable than before the financial crisis, with Birmingham, Glasgow and Leeds among the places where the gap between earnings and house prices has fallen, a study has found.

Yorkshire Building Society research shows that with a continuing affordability crisis in London, popular destinations for people leaving the capital, such as Lewes and Exeter, have become increasingly affordable in the period since Northern Rock was bailed out 10 years ago.

The findings, based on official earnings figures and Land Registry data for house prices in 356 local authority areas, come as the number of people...

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UK house market picks up - with sharp regional differences

13 September 2017

The latest official figures show UK house prices have risen 5.1 per cent year-on-year, although with marked regional differences. Data from the Office for National Statistics (ONS) on Tuesday showed that in July, the average house price stood at £226,000, about £2,000 higher than a month earlier and a rise of some £11,000 on July 2016.

Property in England led the increases with an annual rate of 5.4 per cent, although there were marked variations between different parts of the country. The East Midlands led the way with a 7.5 per cent rise while homes in London rose by only 2.8 per...

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Government guidance on complying with 2018 energy regulations

11 September 2017

The Department for Business, Energy and Industrial Strategy has released guidance to landlords of privately rented non-domestic property on complying with the 2018 ‘minimum level of energy efficiency’ standard (EPC band E). The Energy Efficiency (Private Rented Property)(England and Wales) Regulations 2015 mean that, from April 2018, private non-domestic (and domestic) landlords must ensure that properties they rent in England and Wales reach at least an EPC rating of E before granting a tenancy to new or existing tenants.

The document provides guidance and advice on:

Scope of the regulations: the steps a landlord should take to determine whether their property is covered...

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U.K. Workers Might Get Paid More Because of Brexit

08 September 2017

A fall in people coming to Britain from other European Union countries has aggravated a shortage of workers and forced employers to raise starting salaries at the fastest pace in nearly two years during August, a survey showed on Friday.

The monthly report from the Recruitment and Employment Confederation (REC) and accountancy firm KPMG (KPMG) showed companies struggled to fill their vacancies and turned increasingly to recruitment agencies.

Starting salaries for permanent staff rose in August at the fastest pace since October 2015, something likely to be noticed by the Bank of England officials which is watching for signs of pay growth...

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UK monthly house price growth hits eight-month high

07 September 2017

LONDON (Reuters) - British house prices jumped in August at the fastest pace this year, adding to signs the housing market has regained some strength after its post-Brexit vote slowdown, mortgage lender Halifax said on Thursday.

House prices increased 1.1 percent from July, the biggest one-month rise since December and building on July’s 0.7 percent increase, Halifax said.

“Recent figures for mortgage approvals suggest some buoyancy may be returning, possibly on the back of strong recent employment growth, with the unemployment rate falling to a 42-year low,” said Russell Galley, managing director of Halifax Community Bank.

However, falling wage growth, when adjusted for...

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Offshore Europe hears of renewed optimism in North Sea

06 September 2017

The UK’s North Sea oil and gas industry is on track to record its biggest year for field start-ups in a decade, according to a report published at the Offshore Europe conference and exhibition in Aberdeen.

Oil and gas hits new high in North Sea

The report from consultants Wood Mackenzie said that 14 projects with a combined peak production of 230,000 barrels of oil equivalent per day (bpd) will start in the zone this year – the most since 2007.

Mhairidh Evans, senior research analyst for North Sea upstream at Wood Mackenzie, said, “It’s really the fruits of a very high level...

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UK Property prices to rise by 56% over the next decade

05 September 2017

The latest research from online estate agent eMoov has revealed that property prices will continue to surge ahead during the next decade. The research suggests that, even if the market continues to grow at a slow rate of 0.37% a month, the average UK house would still hit £347,757 – an increase of 56% over the next decade.

London has seen a real slowdown in price growth since Brexit and so, although the capital would remain one of the most expensive cities in the UK (along with Oxford) according to eMoov, it would have seen one of the lowest percentage increases...

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Qualifications and education in Scotland

04 September 2017

How does the Scottish education system compare with the rest of the UK? We examine the differences.

The Scottish Parliament has legislative control over all aspects of education in Scotland. The majority of Scottish schools follow the Curriculum for Excellence (CfE) across nursery, primary and secondary stages, and the school year runs from the third week of August until late June.

Children complete seven years of education at primary school (from P1 to P7) and a further six at secondary school (from S1 to S6). The system has five levels: Early (pre-school and P1); First (to the end of P4); Second (to...

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