With the property market up in the air and the green shoots of recovery potentially afoot in UK equities, we wrap up the week in the City.
Hot or not property
“Buy land,” the late great American essayist Mark Twain once said. “They aren’t making any more of it.”
Far be it for us to question the sage-like wisdom of the Adventures of Huckleberry Finn author, but, for London renters at least, that quotation is only partially true: new data found the number of rental homes in London was up 34 per cent year-on year.
The news will be welcomed by the capital’s tenants, who, since the pandemic came to an end, have been squeezed to within an inch of their life.
Demand has continued unabated while a combination of a lack of housebuilding and rising rates prompting some landlords to sell up.
But any…
