Property Consulting

Evergrande has suspended trading, again:

China's property giant has suspended trading in Hong Kong again, this is according to a notice from the stock exchange. China's property firms have struggled in the wake of Beijing's drive to curb excessive debt in the real estate sector. The suspension -- the second this year -- comes ahead of an expected $2 billion repayment obligation on Wednesday, and another next month of $1.4 billion. Earlier struggles to pay suppliers and contractors due to the debt crisis led to sustained protests from homebuyers and investors at the group's Shenzhen headquarters in September. The

Property Consulting

Luxury residential scheme hits the market!

Property investors are being targeted as a new £3million luxury residential hits the market. Andrew Parker, managing director, and auctioneer at SDL Property Auctions said: “It’s rare to see a property in such a prime location come to auction and we expect interest to be high given its proximity to the city centre and the history of the building itself." A former Nottingham police station is set to go to auction this month with plans to transform the building into £3m residential apartments overlooking the city’s affluent Park Estate. _______________________________ Do

Investment

Here’s where Gen Z are building their wealth.

The Royal Mint released a report whereby it was discovered that 80% of those in Gen Z are investing, approximately £200 a month. It is said that 16 - 25 year olds are choosing to invest in their futures and that by the next financial year the investments made by this generation will amount to £9.4 billion. These young people are typically those following financial influencers or FinFluencers, however, these tips often come without disclaimer and can sometimes falsely promote investments. Investing has also had an affect on lifestyle, in order to support their finances :  8

Property Consulting

Business Owners: If you transferred property into a pension scheme you may be owed a stamp duty fund!

If properties have been transferred into Sipps or SSAs then exempted of stamp duty may be applied. However, it is only applied if the property is jointly owned by various parties. Many pension trustees and advisers were not made aware and on average people have wrongly been made to pay approximately £50,000. The pension scheme the asset is being sold to must also be in the name of the same partners, or people connected to them. Stamp duty is due on such transfers apart from in very specific and limited circumstances. Each case needs to be considered on its own merits. ___

Investment

Stock market pull back: Spotlight on Roth conversions

From spiking inflation, ill reasoned governmental spending due to current policies in place for geopolitical unrest. This has led to plummeting equity markets, financial advisers are providing their wisdom of the upside to Roth conversions during a downturned market cycle. The tax bills that come with Roth conversions can sometimes discourage clients, but with the S&P 500 index down more than 10% from the start of the year and the Nasdaq Composite Index down nearly 18%, more advisers are presenting clients with the Roth option. ____________________ Is this a good tim

Property Consulting

Property market picking up the pace once more!

The demand for properties is picking back up and has been increasing exponentially in February. This meant that in January, half of all properties where sales were agreed were snapped up within three weeks of coming to the market, compared to a third of homes during the same period in 2021. However as the demand is currently greater than supply the house prices have now hiked by by nearly 8% which is a rise on average, of about £80,000. The sheer level of activity in the market in recent years eroded the stock of homes for sale. Rise in new supply indicates green shoots of

Property Consulting

Property owners earning more from properties than homes:

From the soaring values of properties, due to inflation, a survey conducted suggests property investment is the way to go. The average price of a house in February alone rose by 0.5 percent. That represents an annual rate of growth of 10.8 per cent, the fastest since June 2007.Lack of supply continues to underpin rising house prices, with recent industry surveys showing a dearth of new properties being listed, now a long-term trend. The war in Ukraine was likely to have effects on confidence, trade and global supply chains, and surging oil and gas prices would “add to the

Investment

Investment scams warning issued by FCA

The Financial Conduct Authority has issued a warning to keep a watch for investment scams as the number of inquiries has shot up to over 16,000 which is an increase of 33% for the same period in the year before. Crypto currency asset scams were listed as being the top reported, however there has been some impersonating alerts from FCA . FCA has also said that it is taking immediate action in the consumer investment market and has stopped about 1 in 4 firms from joining it. ____________ How large of a concern to you believe this is?

Investment

What is REIT? Is it a good investment?

REIT has been around since the 1960s, currently over 40 countries have taken up this model. REITs stands for Real Estate Investment Trusts is a privilege which has been extended to all investors around the world who may want to invest in local or international REITs. The most popular examples are FTSE EPRA and Nareit Global Estate Index Series. The index holds REITs and non-REIT listed property companies and includes the Developed Markets and Emerging Markets indices. REITs may generate a steady income, however, there is little in the way of capital appreciation. ________

Investment

Barclays full year net profit increases in four fold:

Barclays, the corporate and investment bank has quadrupled the full net year profit. The figures are a significant improvement of 2020 and the fourth quarter of that year as U.K was trying to pass through the lockdown stages. The full year profit was £8.4 billion which is up form £3.1 billion in 2020. The original forecast of the fourth quarter net income, attributable to shareholders was £756.5 million whereas it came out to be £1.12 billion. __________________ Do you believe the other banks are lacking behind, if not, why not?