UK Market Review. London, Country & Coastal property

Size: px
Start display at page:

Download "UK Market Review. London, Country & Coastal property"

Transcription

1 UK Market Review London, Country & Coastal property Number 33; 2014

2 One of four newly developed apartments within a grand building on The Strand and overlooking Waterloo Bridge, this two floor, 2,268sqft penthouse embodies a level of luxury for which our London Residential Development team is seeing great demand: see London Market Comment, page 8. 2 Above: Covent Garden penthouse, WC2. One of a development of four priced at 2.35 million to 4.75 million 3

3 Country Market Comment Up to 400, Gwynedd 189,950 Our clients' properties tend to be distinguished by quality more than price and often reflect our reputation for expertise in idiosyncratic houses, such as follies and converted historic buildings. Many substantial, high quality properties are available at this price level still around twice the national average price. All figures are guide prices Wiltshire 320,000 3 Bucks 275,000 4 Somerset 285,000 5 Berkshire 225, Front cover: Kent, million guide Below: Cornwall, 985,000 guide Above: Suffolk, 3.5 million guide Dorset 395,000 7 Worcestershire 300,000 Buyers are keen: inflexibility simply reflects a new market norm 8 Yorkshire 399,000 9 Denbighshire 399, Kent 340, Oxfordshire 300, Dorset 349, Suffolk 395, West Sussex 395, Norfolk / Suffolk borders 399,950 4 Seismic shifts Earlier this year, whilst most UK newspapers were trumpeting news of growth in house prices and mortgage approvals on which more overleaf the FT quietly reported that the number of electoral wards in which wealthy but not super-rich * householders cannot afford to buy an average price home, rose from 101 in 1995 to 489 in 2012 and spread beyond London to include wards in every English region. At about the same time, a DCLG English housing survey bulletin revealed that, for the first time, private rented households now exceed those in the public sector and are second in number only to owner occupation. These statistics reflect the fact that the majority of UK households including current owner occupiers now have insufficient income, if armed only with a traditional 10% deposit, to buy a decent home. They are also borne out by the experience of our offices across the country, which see few purchases that do not involve a large *95th percentile / 67,340 net income pa 5

4 Hampshire, 3.85 million guide Gloucestershire, 1.8 million guide Dorset, 1.65 million guide the typical purchaser has. That said, buyers are entering the market in force now because they have real confidence that the economy will continue to recover. They are securing longer-term fixed rate mortgages and at last! more owners in London are deciding that differentials have peaked and it s time to make that move out of town. These factors lie behind the modest (single figure) yet consistent growth we are seeing in registration of would-be buyers, in year-on-year transactions and in the appraisal of properties likely to come to market. Indeed, all the signs are there for a very busy few months ahead, even without capital growth adding fuel to the fire. Above: Surrey, 1.55 million guide percentage of equity or cash, usually from other property-related interests. Against such a background, one might reasonably ask if the continued growth in capital values is a good thing. Except that, outside of the South East, real growth is barely happening, if at all. The latest Land Registry report (at the time of writing) gives an average annual house price growth of 4.2%. However, this is skewed by Greater London at 10.9%: over 50% of counties saw annual price growth below 2.5% including Durham (-3.4%), Cornwall (0.2%), Chester (2.4%) and Gloucestershire (also 2.4%). Again, our own experience is consistent with the 6 New Burnham Market office We are now the only national agent with a Norfolk office north of Norwich. Situated in the centre of Burnham Market, this office will help us to serve growing demand from across the country and beyond for high quality coastal properties figures: buyers are very price-sensitive. Despite this, we have high expectations for the coming months. Why? Growing sales activity Historically, growth in house prices and transaction numbers has been fuelled by cheaper debt and above-inflation growth in salaries. Today, underlying mortgage rates cannot reduce further, borrowing limits are stricter and, for 95% of households, real salary growth remains elusive. Combine these points with the dependency of most buyers on a fixed amount of equity from one or more other properties, and it s easy to understand how little room for manoeuvre on price Above: Yorkshire, 950,000 Left: West Sussex, POA 7

5 London Market Comment Left: Star Yard WC2. Newly renovated four bedroom house between New Square and Chancery Lane. 4.4 million guide New house in Oxshott, 3.9 million guide More positively, 26,320 new London homes were registered last year a 60% increase on 2012 and the highest figure recorded since NHBC records began in But we need many more. Vital foreign investment Often blamed for pushing prices higher, foreign buyers still account for around 40% of all Jackson-Stops & Staff buyers in central London and an even higher proportion of new build purchasers. Yet most of us also acknowledge the great wealth that these buyers bring and spend here. Less well known is the extent to which foreign investors are also vital to improving the supply of new homes and are thus part of the answer. Without exception, all of the central London projects we are currently handling have at least some funding from overseas and, according to CBRE, large developers from just four nations China, Singapore, New build: essential to London s prosperity Our new developments team will bring over 40 projects to market this year, marking both its success as a leading national agent in central London new development and the unprecedented scale, in modern times, of new home building in London. The importance of residential development to the market, and London, as a whole, is hard to overstate. There are just two factors which affect the affordability of property: supply and demand. London s population grew by over 100,000 in 2012/13 and is continuing to rise, so best not hold your breath hoping for demand to fall. 8 Above & right: 19 Buckingham St WC2 Eleven brand new apartments with interiors by LINLEY Interior Design. Malaysia and Qatar have planning permission to build more than 33,000 homes here. Without foreign money to improve the supply of housing, London cannot hope to sustain its current prosperity. Beauty as a planning criterion The British have a strong tradition of regarding all new development as ugly. It is noticeable though, that few object on such grounds to the up-market London developments we tend to handle because, well, most of them look terrific. This is partly because our consultancy team works hard on the aesthetics with developers and architects, knowing that showing sensitivity to the existing built environment helps to get local people on board. It also suggests that many NIMBYs across the country have a point: they don t object to new homes in themselves, just ugly ones. Realistically, could a requirement for beauty be set as a planning criterion? If local people got to vote on it, quite possibly. Older Brits moving back in Something which has been happening almost enough now for us to call it a trend, is for both empty-nester and newly-retired Brits who long ago moved to the country, to move back in. For example, we recently sold two new 2M+ City penthouses to couples moving in from the Home Counties. And again a sign of the times the number of such applicants we have for similar glamorous, heart-of- London properties, is starting to rival the more traditional pool of flash young bankers. How London is changing. 9

6 Building on the past: this Elizabethan-style Essex mansion incorporates details from, amongst others, Hampton Court and Blenheim Palace. Built in 1928, it is available at 9.5 million. Traditional Architecture Not a historical but technological heritage by Léon Krier Many people reject the possibility of traditional architecture today because of a crass categorical misunderstanding. They amalgamate architectural with mythological traditions. They confuse empirical know-how with metaphysical speculation. They erroneously equate building technology with transcendental belief systems. Traditional architectural forms are shaped by man s enduring use of natural materials to settle in specific climates and geographic and cultural conditions. They make up part of the timeless technological heritage of man. They are as permanently relevant to the welfare of man as common languages, tools and techniques. To declare them mere historical heritage and therefore dated phenomena is not only a philosophic mistake but an ideologically motivated error calling for authoritative correction. Over centuries traditional architectures around the world have evolved a great 10 variety of building languages. Unlike spoken languages, the elements constituting the traditional building vocabulary need no translation in order to be understood across borders and ages. Of universal validity, they are part of technology before and beyond mere historical deployments and meanings. Modern traditional builders or designers are naturally polyglot, can within no time decipher and master local idioms and realize structures in harmony with local traditions, culture and climate. This cultural and technical versatility contrasts with the dumb and blind modernist monoglotism, imposing the same building types and mannerisms across the planet, irrespective of culture, climate, or geography. To build traditionally today is not ignoring the demands of modern life, on the contrary it demands a challenging intellectual and professional determination, often against overwhelming peer pressures, reigning fashionable fads and, most determinant, the pervading tyrannical impositions of a large-scale construction industry and its powerful pro-regulation lobbies. Modernism upholds the idea that industrialization and the technological revolutions irreversibly changed all conceptions of life and hence of building and settling the earth that we have no choice in the matter, that we must submit to the paradigmatic shift, that its refusal is condemning us to anachronism, ridicule and oblivion. You are bypassed by history, Phyllis Lambert whistled in my ear on the occasion of the Eisenman-Krier exhibition at the Yale School of Architecture. Some architects, though, are unimpressed by modernist calls to order. They disobey consciously the siren song they were deafened with in colleges and universities. For most of them doing the right thing for a lifetime has earned them little professional recognition and no institutional glory. How can this scandalous behaviour be explained? Are they off their minds? Or is there a justification for what is at best brushed aside as a romantic, irrelevant rebellion? There is now a broad consciousness growing of the fact that modernist architecture and suburbanism are uniquely dependent on the massive and sustained availability of fossil fuels. Modernism is not a paradigmatic, irreversible historical phenomenon; on the contrary, the Leviathan, fed on slave labour and for two centuries raised to monstrous proportions on hydrocarbons, will literally run out of fuel. It is an epiphenomenon of the recently peaked fossil fuel age, the consequence of which the world economy is now resizing itself to. Within a generation from now megasized buildings, sprawling suburbs, and synthetic materials may become items only affordable by privileged and hyper-militarized minorities, and the traditional architectures of today may be the first blossoms of a massive trend reversal. Léon Krier has taught architecture and urbanism at the Royal College of Arts, at Princeton, Yale and the University of Notre Dame and received the inaugural Richard Driehaus Prize for Classical Architecture. This article is an extract from his preface to a new book, Traditional Architecture: Timeless Building for the Twenty-First Century, by Alireza Sagharchi and Lucien Steil with foreword by HRH The Prince of Wales. Published by Rizzoli. 11

7 Country Living Matthew Parris The novelist Graham Greene remarked that big directions in adult life may be traced to small, even random, episodes in childhood. The Power and the Glory tells of a depressed dentist who had been led into his now-hated profession by his first infant memory: finding a dentist s clay caste discarded in a bin and being fascinated. But infant experiences can lead to happy outcomes, too. When I was three we lived in a tiny, cold, stone terraced house in the village of Newsham in the Yorkshire North Riding, a mile or so from the moors. We were not rich but my mother had some rich friends who lived in Newsham House. They had expensive children s toys and I used to go there to play. Newsham House was a minor residence but a fine, isolated Georgian house set back upon a gentle upward slope and looking over green fields towards the village, perhaps half a mile away. I loved 12 the elevation, the isolation and the toys. Somewhere in my tiny mind the notion must have taken shape that it would be a fine thing to live in a house like this. Today I live in a minor residence but a fine, isolated stone farmhouse, pre- Georgian, set back upon a gentle upward slope and looking over green fields towards the nearest village, about half a mile away, in the Peak District and a few miles from the nearest moor. Sixty years and the length of one county have interposed themselves between that wideeyed little boy and the happy and contented political journalist and broadcaster I ve become; but I believe a direct line as fine as gossamer and as tough as steel runs between those two times and places. I didn t intend or didn t think I intended to make rural England my home when I became a Derbyshire MP. London, I Derbyshire, 1.5 million guide. Should Matthew ever wish for a local alternative to his minor Peak District house, this Hope Valley manor house might suit. I thought living in the country was going to be just a rung on my ladder to a political career. But politics proved just a rung on my ladder to living in the country. imagined, would still anchor my life, but to do my duty I would buy a bolt-hole in the constituency. I chose a tiny, cold, stone terraced house in the village I now look across to. I wasn t searching (or didn t think so) for more. Then one day 30 years ago I was jogging along the hilly lanes nearby and, rounding a bend, saw my destiny standing on the hillside in the sunshine. I literally heard myself as an outsider might taking a note of the estate agent s number. I had no choice. I was doing what I d been told: by a toddler in Former Conservative MP for Derbyshire West, Matthew Parris is a BBC R4 regular, has weekly columns in The Times and The Spectator and is widely regarded as one of the UK s most powerful political commentators. REGIONAL FOCUS: THE NORTH WEST The Affordability Advantage Liverpool, Lancaster, Salford and Manchester all feature in the latest Lloyds Bank top 20 of the UK s most affordable places to buy a home. Given this, you could be forgiven for assuming that the sole reason an ONS report has found North West households to have the largest disposable income outside London, is that its residents aren t spending all their income just paying the mortgage. The full picture probably isn t quite as simple as that, but it does mean business investors can be confident that recruitment is unlikely to be hampered by unaffordable housing. And the North West is seeing a great deal of both inward and home-grown investment. Higher rental returns Already strong, investment in private property to rent is likely to continue because demand is high and returns are about 30% higher than in Greater London and 10% than the West Midlands. Private rents and social well being are also significantly affected by the availability of social housing, so an investment so far of more than 150m in social housing projects in Manchester and Leeds by the Pension Insurance Corporation, is most welcome, especially as the same fund has 180m earmarked for similar investments over the next 12 months. Such actions help the North West to remain affordable to rent, as well as to buy. Booming industries fuel demand for homes 40 minutes from Salford, 699,000 guide A raft of success stories suggest that a story of major growth in the North West is still only in its opening chapters. Boosted by tax breaks and the move of the BBC and Children s ITV to MediaCity, Salford has become the focus of a revival in the animation industry. Retailers such as B&M Bargains now valued at over 1 billion and recently relocated to Liverpool have thrived on the recession, as have clothing suppliers such as Manchester-based BooHoo.com, the AIM listing of which in March valued it at over 560 million. Range Rover continues to sell Evoques in China as fast as its Liverpool factory can make them and Chinese money also accounts for an 800m investment in Manchester Airport, prompting yet more planned improvements in the already extended tram network. With all of this going on alongside the longestablished football industry and the success of Grosvenor s redevelopment of Liverpool s retail centre, it is perhaps not surprising that both Manchester and Liverpool are currently enjoying higher job growth than all UK cities bar London, Edinburgh and Birmingham. And all this without shale gas or HS2. Impact on upper property market Of course, most of this activity does not directly affect the upper end of the property market. It does, however, provide the long-term prosperity on which the market as a whole depends. As a result, though we do not anticipate any dramatic growth in capital values over the coming months, we do envisage and are seeing a real return of confidence. With it, we are also seeing a willingness amongst buyers, including incomers such as those who have moved with the BBC, to commit to their future in the North West. Private finance Busier times put focus on avoiding delays The speed at which lenders push mortgage applications through is becoming a real issue, as a growing market is confronted with a shrunken mortgage industry. We now look at every client s needs not only to see which lender will offer the best deal, but also which will deliver on its promises in time. Some admit they are taking eight or nine days just to look at new applications. The problem has been exacerbated by a shortage of valuers, often prompting another fortnight s delay. The reason, says the RICS, is not a lack of surveyors per se, but that, deterred by reduced fees plus large increases in litigation and associated insurance costs, hundreds of surveyors have stopped doing mortgage valuations altogether. These strains appeared well before the April 2014 enforcement of the FCA s Mortgage Market Review, the purpose of which is to make it harder to get a mortgage. It puts the onus on lenders to determine what each borrower can afford, requiring lots of details, making refusal to lend more likely and adding to lender workloads. Little wonder we are going to great lengths to keep sweet our relationships with the most efficient, well-resourced lenders. One valuable service provided by the FCA website is a list of financial service firms to avoid, a striking number of which use clone names such as allianz-global.com, Barclay Trust International and Zurich Direct. The full list can be found at For independent advice, please contact Private Finance

8 A Man of Many Seasons THE MOHUNS OTTERY ESTATE, DEVON The most famous son of the 228 acre Mohuns Ottery estate in Devon is Sir Peter Carew, whose family lived here from Peter was born here around 1514 and enjoyed a tumultuous early life which seems to have prepared him well for the classic Tudor games of courtly gamesmanship, political conspiracy and taking land by force. Lots of people died along the way. Apparently a difficult child, Carew was put, aged twelve, into the service of a French nobleman, later to be rescued by a relative who chanced upon him on his way to the siege of Pavia in Italy. Carew went with him, but the relative died and Carew took up with a marquis, who also died. Carew then entered service for Philibert, Prince of Orange, who died. Happily, Philibert s sister recommended Carew to Henry VIII, who took him into service. Peter was sixteen. Ten years later, Carew travelled Europe with a cousin who, in Vienna, died. He then served in the war against France, for which he was knighted and, in the same year, became a Devon MP, living at Mohuns Ottery. Carew remained a local MP for almost 20 years, but this was not a quiet period. A leader of the Wyatt Rebellion against Queen Mary, he fled to the continent, was arrested in Flanders and held, until buying his way out of the Tower of London. On the accession of Elizabeth I, all was well, but Carew used his enhanced status to launch a protracted and often bloody campaign to lay claim to large areas of southern Ireland. After much destruction, he succeeded in no small part, but fell out with many in the process including Elizabeth and in 1575, still arguing and fighting, he died. His family manor house in Devon survived him and, though the main part was later lost in a fire, much of the original gatehouse and many other details remain. Mohuns Ottery is available via our Taunton office. Guide price 3.5m Well-placed...to provide unrivalled personal service 14 International London London Chelsea Holland Park Mayfair Pimlico Richmond Teddington Weybridge Wimbledon Country Houses & Estates Residential Development Central Northampton Woburn Cotswolds, Hereford & Worcester Burford Ch. Campden Cirencester North West & N Wales Chester Hale Wilmslow Yorkshire & North East York East Anglia Burnham Market Bury St Edmunds Chelmsford Ipswich Newmarket Norwich South Arundel Chichester Dorking Goring Midhurst Newbury Winchester South East Canterbury Cranbrook Oxted Sevenoaks Tunbridge Wells West Country Bridport Dorchester Exeter Shaftesbury Sherborne Taunton Truro Edited and designed by Blue Moon Creative

Political uncertainty dominates the property markets

Political uncertainty dominates the property markets Market Outlook 2015 North Aldworth House, Aldworth, West Berkshire 1,750,000 Goring-on-Thames office - 01491 871111 Political uncertainty dominates the property markets The property markets in 2015 look

More information

Contemporary classics

Contemporary classics Contemporary classics The very best contemporary houses are, quite simply, in a class of their own a unique vision of the architect and the owner which deserve their place as modern classics that will

More information

Help to Buy Buyer s Guide

Help to Buy Buyer s Guide Help to Buy Buyer s Guide Homes and Communities Agency August 2013 http://www.homesandcommunities.co.uk/help-to-buy Page 1 of 21 What is Help to Buy? Help to Buy is equity loan assistance to home buyers

More information

Focus Cash Buyers. Hamptons International Research Autumn 2013. www.hamptons.co.uk. Beyond your expectations

Focus Cash Buyers. Hamptons International Research Autumn 2013. www.hamptons.co.uk. Beyond your expectations Focus Cash Buyers Hamptons International Research Beyond your expectations Uptick in Property Sales Driven by Cash Buyers In the first half of 2013 more than a third of housing sales have been to cash

More information

Buying A HomE THrougH shared ownership WiTH HAsToE

Buying A HomE THrougH shared ownership WiTH HAsToE Buying A HomE THrougH shared ownership WiTH HAsToE 1 The shared ownership scheme if you want to buy a home of your own but don t quite have enough money to do so, shared ownership could be the answer.

More information

SHINY HAPPY PEOPLE. Salary survey ANALYSIS

SHINY HAPPY PEOPLE. Salary survey ANALYSIS SHINY HAPPY PEOPLE 9 This year s RICS and Macdonald & Company salary and benefits survey finds respondents fizzing with optimism. Felicity Francis reports Economic Activity Change In your chosen professional

More information

Help to Buy Buyer s Guide

Help to Buy Buyer s Guide Help to Buy Help to Buy Buyer s Guide May 2013 www.taylorwimpey.co.uk/helptobuy What is Help to Buy? Help to Buy is an equity loan assistance scheme for home buyers from the Homes and Communities Agency

More information

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014

Help to Buy Buyers Guide. Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy August 2014 What is Help to Buy? Help to Buy is equity loan assistance to home buyers from the Homes

More information

ARLA Members Survey of the Private Rented Sector

ARLA Members Survey of the Private Rented Sector Prepared for The Association of Residential Letting Agents ARLA Members Survey of the Private Rented Sector Fourth Quarter 2013 Prepared by: O M Carey Jones 5 Henshaw Lane Yeadon Leeds LS19 7RW December,

More information

HEALTHCARE SALARY SURVEY MARCH 2010

HEALTHCARE SALARY SURVEY MARCH 2010 HEALTHCARE SALARY SURVEY MARCH 21 Contents Introduction 2 An Overview of the Respondents to the Salary Survey 3 Nursing Home Managers 6 Residential Home Managers 7 Staff Nurses (including RGN, RMN and

More information

EVENT GUIDE. Oxfordshire s biggest affordable homes show. Help to Buy South. The Kassam Stadium, Autumn 2014 SHARED OWNERSHIP HELP TO BUY RENT TO BUY

EVENT GUIDE. Oxfordshire s biggest affordable homes show. Help to Buy South. The Kassam Stadium, Autumn 2014 SHARED OWNERSHIP HELP TO BUY RENT TO BUY Oxfordshire s biggest affordable homes show SHARED OWNERSHIP HELP TO BUY RENT TO BUY Help to Buy South The Kassam Stadium, Autumn 2014 EVENT GUIDE Find out about homes and schemes available, including

More information

FirstBuy Buyers Guide

FirstBuy Buyers Guide FirstBuy Buyers Guide Homes and Communities Agency August 2011 http://www.homesandcommunities.co.uk/firstbuy Page 1 of 21 What is FirstBuy? FirstBuy is an affordable housing deposit assistance equity loan

More information

THE ARLA REVIEW & INDEX

THE ARLA REVIEW & INDEX THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second

More information

FIRST-TIME BUYERS ALMOST 10% BETTER OFF BUYING THAN RENTING

FIRST-TIME BUYERS ALMOST 10% BETTER OFF BUYING THAN RENTING NOT FOR BROADCAST OR PUBLICATION BEFORE 00.01 HRS ON SATURDAY 14 FEBRUARY 2015 FIRST-TIME BUYERS ALMOST 10% BETTER OFF BUYING THAN RENTING The Halifax Buying vs. Renting Review tracks the costs of buying

More information

Help to Buy Buyers Guide

Help to Buy Buyers Guide Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second

More information

www.sheldonbosley.co.uk Gabrielle Mallard MNAEA Director of Residential Sales, Stratford upon Avon

www.sheldonbosley.co.uk Gabrielle Mallard MNAEA Director of Residential Sales, Stratford upon Avon Welcome If you are thinking of buying or selling, we can help you every step of the way. Whatever your property needs, professionalism and integrity are at the heart of our approach. Sheldon Bosley has

More information

Your Choice Equity Loan Scheme

Your Choice Equity Loan Scheme Your Choice Equity Loan Scheme Assisting aspiring homeowners to get on to the property ladder Catalyst Housing (Catalyst) is a leading housing association delivering affordable homeownership products across

More information

The Money Statistics January 2015

The Money Statistics January 2015 The Money Statistics January 2015 Welcome to the January 2015 edition of The Money Statistics The Money Charity s monthly roundup of statistics about how we use money in the UK. These were previously published

More information

Changing the shape of British retirement. www.homewise.co.uk

Changing the shape of British retirement. www.homewise.co.uk Changing the shape of British retirement Free Phone 0800 043 33 66 About us Welcome to Homewise Like many people, you may have spent years looking forward to a dream retirement lifestyle, perhaps wanting

More information

What adds value? Add a good sized room onto a 2-bed property & raise value by 10%+ Extra bathroom can add c10% 34% premium for period living

What adds value? Add a good sized room onto a 2-bed property & raise value by 10%+ Extra bathroom can add c10% 34% premium for period living What adds value? Add a good sized room onto a 2-bed property & raise value by 10%+ Extra bathroom can add c10% 34% premium for period living Headlines Gross Value Added - % Adding a third bedroom of 140

More information

Contents Foreword 1 Introduction by Patrick Reeve Executive summary 1. Business confidence and growth ambitions 2. Availability of finance

Contents Foreword 1 Introduction by Patrick Reeve Executive summary 1. Business confidence and growth ambitions 2. Availability of finance 2014 Contents Foreword 1 Introduction by Patrick Reeve 3 Executive summary 4 1. Business confidence and growth ambitions 4 2. Availability of finance 6 3. Management skills 8 4. Apprenticeships 9 5. Optimists

More information

Your guide to Help to Buy

Your guide to Help to Buy Your guide to Help to Buy Help to Buy Agent for the East and South East What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could be

More information

Your guide to Help to Buy www.helptobuyese.org.uk

Your guide to Help to Buy www.helptobuyese.org.uk Help to Buy East and South East Your guide to Help to Buy Apply online at What is Help to Buy? If you want to purchase a home of your own, but can t afford to buy on the open market. Help to Buy could

More information

DOWNsizing. Finding the right property to suit your lifestyle. Spring/Summer 2014. savills.co.uk

DOWNsizing. Finding the right property to suit your lifestyle. Spring/Summer 2014. savills.co.uk DOWNsizing Finding the right property to suit your lifestyle Spring/Summer 2014 savills.co.uk savills.co.uk Please contact us for further information To discuss your property needs and how you can benefit

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme

Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme Your guide to the Vale of White Horse District Council Open Market Equity Loan Scheme Making your aspiration of homeownership a reality Your Home, Your Choice For eligible people living or working in the

More information

Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality

Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme Making your aspiration of homeownership a reality For eligible people living or working in the South Bucks District Council area Delivered

More information

Spotlight Bridging the Gap in Housing November 2013

Spotlight Bridging the Gap in Housing November 2013 Savills World Research UK Residential Spotlight Bridging the Gap in Housing November 2013 SUMMARY Over two million households excluded from the property market by the credit crunch Excluded households:

More information

Bristol Housing Market in 2015 A Summary. In brief: Housing Stock

Bristol Housing Market in 2015 A Summary. In brief: Housing Stock Bristol Housing Market in 2015 A Summary In brief: Demand is up and there continues to be an undersupply of new homes, both for ownership and rent. There is evidence to suggest that, during the last year,

More information

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home Our Home Reversion Plan Enjoy your retirement by unlocking the value of your home I can now have the garden I ve always wanted. 1 Bridgewater Equity Release Limited the Home Reversion Plan experts Bridgewater

More information

Consumer Services. The Help to Buy Hopefuls

Consumer Services. The Help to Buy Hopefuls Consumer Services The Help to Buy Hopefuls Experian Insight Report January 2014 1 Introduction 2014 is a year when the Government s home-buying initiative, Help to Buy, will be on the minds of many would-be

More information

IT Monitor / Q2 2015. IT Monitor Q2-2015. Latest salary and vacancy trends across the IT industry in the UK. computer people. computerpeople.co.

IT Monitor / Q2 2015. IT Monitor Q2-2015. Latest salary and vacancy trends across the IT industry in the UK. computer people. computerpeople.co. IT Monitor Q2-2015 Latest salary and vacancy trends across the IT industry in the UK.co.uk Pay rates boosted while businesses play it safe Q2 was borne of the uncertainty that a General Election brings,

More information

This is a record of tremendous achievement for which every one of you should be very proud. You all deserve a healthy round of applause.

This is a record of tremendous achievement for which every one of you should be very proud. You all deserve a healthy round of applause. Remarks by Tonight, I want to talk about my objectives for the State s housing finance agencies, and then talk about how important it is for government to work with nonprofits like NHS since only by doing

More information

Policy Response Buy to Let Tax Relief

Policy Response Buy to Let Tax Relief Savills World Research Policy Response Buy to Let Tax Relief Autumn 215 savills.co.uk/research In his May budget the Chancellor announced a limit on mortgage interest relief for buy to let investors in

More information

Pre-registration nursing

Pre-registration nursing Pre-registration nursing A work-based learning route to registration with the Nursing and Midwifery Council 2011 INSPIRING LEARNING 2 Introduction Contents Why choose The Open University for pre-registration

More information

A GUIDE TO PROPERTY PURCHASE IN THE UK

A GUIDE TO PROPERTY PURCHASE IN THE UK A GUIDE TO PROPERTY PURCHASE IN THE UK SALES I LETTINGS I PROPERTY MANAGEMENT ARCHITECTURE I DEVELOPMENT I CONSULTATION I INVESTMENT I VALUATIONS COMMERCIAL I PROJECT MANAGEMENT If you live abroad and

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

CONTENTS. Welcome to the inaugural Premier Inn Business Travel Report 2015, highlighting the latest business travel trends across the UK.

CONTENTS. Welcome to the inaugural Premier Inn Business Travel Report 2015, highlighting the latest business travel trends across the UK. BUSINESS TRAVEL REPORT 2015 CONTENTS Welcome to the inaugural Premier Inn Business Travel Report 2015, highlighting the latest business travel trends across the UK. Introduction 1 Welcome 2 Business Travel

More information

LONDON ALLOWANCES. L o n d o n A l l o w a n c e s. Introduction. Background. Types of allowances

LONDON ALLOWANCES. L o n d o n A l l o w a n c e s. Introduction. Background. Types of allowances LONDON ALLOWANCES Introduction This factsheet is intended to provide recent data and advice to support negotiators in bargaining over London allowance levels. Opening with an explanation of the history

More information

Version 0.1 Adult Social Care Deferred Payment Policy Issued: April 2015

Version 0.1 Adult Social Care Deferred Payment Policy Issued: April 2015 Adult Social Care Deferred Payment Policy 1 Introduction 1.1 This Policy details how Deferred Payment Agreements (DPAs) are to be operated by Rochdale Council from April 2015. 1.2 When a person enters

More information

UK PROPERTY INVESTMENT BULLETIN Q1 2014. Movin on out.

UK PROPERTY INVESTMENT BULLETIN Q1 2014. Movin on out. UK PROPERTY INVESTMENT BULLETIN Q1 2014 Movin on out. Summary In Q1 2014 domestic UK investors spent 65% of their total 5.79bn purchases outside Central and Outer London with the most popular regions Midlands,

More information

ST. JAMES S PLACE UNIT TRUST AND ISA

ST. JAMES S PLACE UNIT TRUST AND ISA ST. JAMES S PLACE UNIT TRUST AND ISA SUPPLEMENTARY INFORMATION DOCUMENT PARTNERS IN MANAGING YOUR WEALTH This document sets out terms and conditions which summarise how we will manage your investment.

More information

hotel property specialists Committed to your business

hotel property specialists Committed to your business hotel property specialists Committed to your business From branded to independent to lifestyle and country house hotels, the Knight Frank Hotels department has the specialist knowledge to help you reach

More information

step by step guide to buying and selling at auction

step by step guide to buying and selling at auction step by step guide to buying and selling at auction helpful tips and advice It s often thought that buying or selling property by auction is complicated and risky and should only be attempted by experienced

More information

superior commercial developments & Investments

superior commercial developments & Investments superior commercial developments & Investments Our Team The Directors There is a well-established team at Cavendish & Gloucester Plc that, by combining youthful enthusiasm with experience, operates efficiently

More information

Stamp duty changes push first-time buyer deposits to 18 month high

Stamp duty changes push first-time buyer deposits to 18 month high February 2015 Stamp duty changes push first-time buyer deposits to 18 month high January sees average first-time buyer deposit rise to 29,127, 15% higher than a year ago first-time buyer house purchase

More information

Social Media Strategy 2015-16

Social Media Strategy 2015-16 Social Media Strategy 2015-16 We don t have a choice whether we do social media, the question is how well we do it [Erik Qualman, 2010, Socialnomics] Introduction The CRC has previously been active on

More information

SPVS SALARIES SURVEY

SPVS SALARIES SURVEY SPVS SALARIES SURVEY In all 861 responses were received, slightly fewer than last year. Of these, 5 were directors in a corporate practice, although only 3 said that they received a dividend. 28 (3.3%)

More information

Market Intelligence. Autumn 2012

Market Intelligence. Autumn 2012 Market Intelligence Autumn 2012 Average per square foot values January August 2012 W10 Flat 730 House 765 All 749 Ladbroke Grove W2 (Westbourne Grove & Bayswater) Flat 924 House 1,230 All 971 Westbourne

More information

LIFETIME MORTGAGE LUMP SUM

LIFETIME MORTGAGE LUMP SUM LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 5) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank

More information

Workforce Management Plan (April 2014-15)

Workforce Management Plan (April 2014-15) Workforce Management Plan (April 2014-15) Date: 12 March 2014 Version: Final www.archerygb.org/coach Our aim Our aim is to support archers better by improving their access to support from coaches and judges.

More information

LIFETIME MORTGAGE LUMP SUM

LIFETIME MORTGAGE LUMP SUM LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 4) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank

More information

7 MOST COMMON MISTAKES PEOPLE MAKE WHEN PURCHASING INVESTMENT PROPERTY (or WHY MANY PROPERTY INVESTORS DO IT ONCE AND DO IT WRONGLY)

7 MOST COMMON MISTAKES PEOPLE MAKE WHEN PURCHASING INVESTMENT PROPERTY (or WHY MANY PROPERTY INVESTORS DO IT ONCE AND DO IT WRONGLY) 7 MOST COMMON MISTAKES PEOPLE MAKE WHEN PURCHASING INVESTMENT PROPERTY (or WHY MANY PROPERTY INVESTORS DO IT ONCE AND DO IT WRONGLY) 1. Not using a specialist team to lead you through the process property

More information

The missing rung: London s housing squeeze

The missing rung: London s housing squeeze The missing rung: London s housing squeeze KATIE EVANS AND BEN RICHARDS April 2016 THE HOUSING AFFORDABILITY GAP We all know that life in the capital is expensive. Generally, wages are higher in the capital

More information

HOUSING CORPORATION. Guide to the Right to Ac quire

HOUSING CORPORATION. Guide to the Right to Ac quire HOUSING CORPORATION Guide to the Right to Ac quire March 2006 1 Guide to the Right to Acquire Introduction The Right to Acquire is a scheme giving eligible tenants of registered social landlords the legal

More information

Carlisle City Council. Low Cost Home Ownership (Discounted Sale) Policy and Guidance

Carlisle City Council. Low Cost Home Ownership (Discounted Sale) Policy and Guidance Carlisle City Council Low Cost Home Ownership (Discounted Sale) Policy and Guidance July 2015 Low Cost Home Ownership (Discounted Sale) Policy and Guidance Index of Contents Page 1.1 Background to Scheme

More information

Market Monitor HALF YEAR 2015 UK EQUITY RELEASE

Market Monitor HALF YEAR 2015 UK EQUITY RELEASE UK EQUITY RELEASE Market Monitor HALF YEAR 2015 EMBARGOED UNTIL 00:01 15TH JULY 2015 Key Retirement, Baines House, 4 Midgery Court, Fulwood, Preston PR2 9ZH All images contained within this report can

More information

Housing market trends. SELHP 5 th December 2013 Selina Clark

Housing market trends. SELHP 5 th December 2013 Selina Clark Housing market trends SELHP 5 th December 2013 Selina Clark Key points > 86% of housing markets below peak 2007 levels (50% more than 10% below) > Low turnover and low mortgage rates a major support to

More information

Schroder Property Multi-let industrial estates: more than just your average manufacturer

Schroder Property Multi-let industrial estates: more than just your average manufacturer Schroder Property Multi-let industrial estates: more than just your average manufacturer July 201 For professional investors and advisers only Introduction Eleanor Jukes, Senior Property Research Analyst

More information

InsideManufacturing Issue 5

InsideManufacturing Issue 5 InsideManufacturing Issue 5 02 Welcome 03 Case study: CPA Joinery Ltd 04 Close Brothers SME Apprenticeship Programme 05 Case study: Southern Precision Ltd 06 Meet Tom Ryan 07 Training Academy 07 Regional

More information

General Certificate of Education Advanced Level Examination January 2013

General Certificate of Education Advanced Level Examination January 2013 General Certificate of Education Advanced Level Examination January 2013 Economics ECON3 Unit 3 Business Economics and the Distribution of Income Tuesday 22 January 2013 9.00 am to 11.00 am For this paper

More information

Salary Survey 2014. legal talent

Salary Survey 2014. legal talent Salary Survey 2014 legal talent legal talent Welcome to the 2014 edition of enl Legal s annual salary survey. This has been compiled using results gathered from a comprehensive national survey of law firms

More information

Enjoy Retirement In Your Dream Home. Home Equity Conversion Mortgage for Purchase Guide

Enjoy Retirement In Your Dream Home. Home Equity Conversion Mortgage for Purchase Guide Enjoy Retirement In Your Dream Home Home Equity Conversion Mortgage for Purchase Guide At Towne, we recognize the unique financial needs of the senior community. A Home Equity Conversion Mortgage (HECM)

More information

Franchising USA HEALTHY FRANCHISING WOMEN IN FRANCHISING: HOW MUCH MONEY WILL YOUR FRANCHISE MAKE? WEIGHT LOSS & WELLNESS: FROM MARKETING TO MILLIONS

Franchising USA HEALTHY FRANCHISING WOMEN IN FRANCHISING: HOW MUCH MONEY WILL YOUR FRANCHISE MAKE? WEIGHT LOSS & WELLNESS: FROM MARKETING TO MILLIONS THE MAGAZINE FOR FRANCHISEES VOL 02, ISSUE 05, MAR 2014 $5.95 www.franchisingusamagazine.com WEIGHT LOSS & WELLNESS: HEALTHY FRANCHISING HOW MUCH MONEY WILL YOUR FRANCHISE MAKE? WOMEN IN FRANCHISING: FROM

More information

Care Home Fees: Paying them in Scotland

Care Home Fees: Paying them in Scotland Guide Guide 52 Care Home Fees: Paying them in Scotland Living in a care home can be expensive. Some people are able to pay their own care home fees, but others may need financial support from their local

More information

SHARED OWNERSHIP BUYERS GUIDE

SHARED OWNERSHIP BUYERS GUIDE SHARED OWNERSHIP BUYERS GUIDE SHARED OWNERSHIP SHARED OWNERSHIP PROVIDES AN AFFORDABLE WAY TO BUY A HOME. YOU PURCHASE A SHARE IN A BRAND NEW HOME AND PAY A SUBSIDISED RENT ON THE PART YOU DON T OWN. IN

More information

Review "the economic benefits of foreign investment in residential property"

Review the economic benefits of foreign investment in residential property Review "the economic benefits of foreign investment in residential property" Summary of submission Foreign investment in residential property in its current form is against our National interest. Option1

More information

We provide a truly personal service

We provide a truly personal service We provide a truly personal service Welcome C. Hoare & Co. is a bank which is proud of its heritage but focused on the future. We combine the traditional values of prudence and integrity with thoroughly

More information

FEATURES LIST 2012. Simon Quantrill Sharon Quantrill m: 07825 186873 m: 07825 290418 e: simon@q2design.co.uk e: sharon@q2design.co.uk.

FEATURES LIST 2012. Simon Quantrill Sharon Quantrill m: 07825 186873 m: 07825 290418 e: simon@q2design.co.uk e: sharon@q2design.co.uk. FEATURES LIST 2012 Simon Quantrill Sharon Quantrill m: 07825 186873 m: 07825 290418 e: simon@q2design.co.uk e: sharon@q2design.co.uk t: 01789 730833 www.q2design.co.uk FEATURES: january 2012 Midlands Business

More information

WE WILL BUY YOUR HOUSE FAST!

WE WILL BUY YOUR HOUSE FAST! Who Are We? Homes Re-Imagined is a full service professional real estate solutions company located in the Northern Virginia area. Founded in 2014 as a family enterprise by John P. Bradford and Dorann Bradford,

More information

Everything you need to know about equity release.

Everything you need to know about equity release. Everything you need to know about equity release. An informative guide from the equity release specialists Welcome to the Retiredom guide to equity release. Equity release has come a long way since regulation

More information

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

KEY GUIDE. Setting up a new business

KEY GUIDE. Setting up a new business KEY GUIDE Setting up a new business The business idea You have a business idea, but can you turn it into a viable enterprise? Is there a market for the goods you will produce or the services you will supply?

More information

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender A simple guide to getting more from your future with Aviva Equity Release Best Equity Release Lender J4602_PF011120_1015.indd 1 09/10/15 8:06 pm Contents An introduction to Aviva Equity Release What is

More information

1 To review the office market in Bakewell in the light of pressures for change from office to residential in town centre sites.

1 To review the office market in Bakewell in the light of pressures for change from office to residential in town centre sites. Page 1 5. THE BAKEWELL OFFICE MARKET (A610611/BT) Proposal 1 To review the office market in Bakewell in the light of pressures for change from office to residential in town centre sites. Within the context

More information

A Guide to RETIREMENT PLANNING

A Guide to RETIREMENT PLANNING A Guide to RETIREMENT PLANNING PARTNERS IN MANAGING YOUR WEALTH Contents 3 Retirement planning guide 4 Retirement - the facts 5 How much will you need in retirement? 7 Investing for your retirement 8 What

More information

Money Management Test - MoneyPower

Money Management Test - MoneyPower Money Management Test - MoneyPower Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A person s debt ratio shows the relationship between debt and net worth.

More information

Making the most of your retirement

Making the most of your retirement Making the most of your retirement A guide to equity release and our advice service Provided by Contents Welcome from the Age UK Group 3 Do more with your retirement 4 What is equity release? 5 Is equity

More information

Equity release. A guide for those considering unlocking the value in their home

Equity release. A guide for those considering unlocking the value in their home Equity release A guide for those considering unlocking the value in their home Purpose Equity release is a big decision that will affect the rest of your life. It will mean giving up full control over

More information

Help first-time buyers get on the protection ladder

Help first-time buyers get on the protection ladder For advisers only Help first-time buyers get on the protection ladder Affordable cover for your clients Mortgage opportunities. Protect more than just the bricks and mortar. What s inside 1 Helping your

More information

Debt Statistics. January 2014 Edition. www.themoneycharity.org.uk

Debt Statistics. January 2014 Edition. www.themoneycharity.org.uk Debt Statistics January 2014 Edition STRIKING NUMBERS Welcome to the January 2014 edition of The Money Charity s (formerly Credit Action) monthly Debt Statistics. The Debt Statistics provide a detailed

More information

Chapter 3: Property Wealth, Wealth in Great Britain 2010-12

Chapter 3: Property Wealth, Wealth in Great Britain 2010-12 Chapter 3: Property Wealth, Wealth in Great Britain 2010-12 Coverage: GB Date: 15 May 2014 Geographical Area: GB Theme: Economy Key Points Aggregate net property wealth for all private households in Great

More information

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 CAVENDISH Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 EQUITY RELEASE The Essential Guide INDEX Welcome to Cavendish Equity Release 3 How can Equity Release be used? 4 Why is specialist advice

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

êéëé~êåü=üáöüäáöüí House Prices, Borrowing Against Home Equity, and Consumer Expenditures lîéêîáéï eçìëé=éêáåéë=~åç=äçêêçïáåö ~Ö~áåëí=ÜçãÉ=Éèìáíó

êéëé~êåü=üáöüäáöüí House Prices, Borrowing Against Home Equity, and Consumer Expenditures lîéêîáéï eçìëé=éêáåéë=~åç=äçêêçïáåö ~Ö~áåëí=ÜçãÉ=Éèìáíó êéëé~êåü=üáöüäáöüí January 2004 Socio-economic Series 04-006 House Prices, Borrowing Against Home Equity, and Consumer Expenditures lîéêîáéï The focus of the study is to examine the link between house

More information

Commercial Property Features List 2016

Commercial Property Features List 2016 January Logistics & Supply Chain Award Winners Issue: Special Feature Supply Chain Strategy: Sales & Operations Planning Logistics Operations: Intermodal / Rail Freight Information Technology: Big Data

More information

Help to Buy. House Builder and Developer Participation Guidance. July 2014. Page 1 of 15

Help to Buy. House Builder and Developer Participation Guidance. July 2014. Page 1 of 15 Help to Buy House Builder and Developer Participation Guidance July 2014 Page 1 of 15 Contents Ministerial Foreword page 3 Introduction... page 4 Help to Buy overview... page 5 Help to Buy registration...

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has enabled me to go on more holidays, purchase a new car and make some major household purchases. The service provided met our financial needs in an efficient and helpful way. John, Sutton

More information

SMALL BUSINESS REPUTATION & THE CYBER RISK

SMALL BUSINESS REPUTATION & THE CYBER RISK SMALL BUSINESS REPUTATION & THE CYBER RISK Executive summary In the past few years there has been a rapid expansion in the development and adoption of new communications technologies which continue to

More information

ENGLISH PLACEMENT TEST

ENGLISH PLACEMENT TEST ENGLISH PLACEMENT TEST NAME: Look at these examples. The correct answers are underlined. a) In warm climates people like / likes / are liking sitting outside in the sun. b) If it is very hot, they sit

More information

Housing Research Summary

Housing Research Summary HRS 1/05 February 2005 Housing Research Summary Social housing rents in Wales Background The Centre for Housing and Planning Research at Cambridge University was commissioned by the Welsh Assembly Government

More information

Pay Less Tax NOVEMBER EDITION 2008. Thorne Widgery, 33 Bridge Street, Hereford HR4 9DQ

Pay Less Tax NOVEMBER EDITION 2008. Thorne Widgery, 33 Bridge Street, Hereford HR4 9DQ Pay Less Tax NOVEMBER EDITION 2008 Thorne Widgery, 33 Bridge Street, Hereford HR4 9DQ Tel: 01432 276 393 Fax: 01432 352 657 Email:info@thornewidgery.co.uk Tax savings become more important in credit crunch!

More information

Mortgage and Landlord Possession Statistics Quarterly, England and Wales

Mortgage and Landlord Possession Statistics Quarterly, England and Wales Mortgage and Landlord Possession Statistics Quarterly, England and Wales July to September 2014 Ministry of Justice Statistics bulletin Published: 13 th November 2014 1 Executive Summary Mortgage possession

More information

Your Guide to Shared Ownership

Your Guide to Shared Ownership Your Guide to Shared Ownership 1 Shared ownership is designed for first-time buyers, who are able to raise a mortgage but are unable to afford the full cost of homeownership. Why buy a shared ownership

More information

The Return of Saving

The Return of Saving Martin Feldstein the u.s. savings rate and the global economy The savings rate of American households has been declining for more than a decade and recently turned negative. This decrease has dramatically

More information

Spotlight Key Themes for UK Real Estate in 2015

Spotlight Key Themes for UK Real Estate in 2015 Savills World Research Commercial, Residential & Rural Spotlight Key Themes for UK Real Estate in 2015 savills.co.uk/research Spotlight Key Themes for UK Real Estate 2015 THE UK REAL ESTATE MARKET IN 2015

More information

1 Money and income Currency currency notes (banknotes) coins cash bank deposits BrE: note or banknote; on paper AmE: bill

1 Money and income Currency currency notes (banknotes) coins cash bank deposits BrE: note or banknote; on paper AmE: bill 1 A B Money and income Currency The money used in a country euros, dollars, yen, etc. is its currency. Money in notes (banknotes) and coins is called cash. Most money, however, consists of bank deposits:

More information