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Government accused of prolonging UK housing crisis..

The government has been accused of prolonging the national housing crisis by failing to sell enough land for affordable and social housing. The Public Accounts Committee said the UK would miss its 2020 target of public land sales “by a wide margin”. It said the government “has wasted a once-in-a-generation opportunity to alleviate the nation’s […]

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Top London home prices ‘falling fastest’ amid UK slowdown..

Typically, this type of property cost £903,088 in May last year, but fell by 6.1% to £847,998 by this May, Land Registry figures show. The prices of other property types in the capital also fell, but by less. Annual property price rises overall in the UK slowed to 1.2% in May, from 1.5% the previous […]

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Water bills set to be cut by £50 over five years..

Water bills in England and Wales are set to fall by an average of £50 between 2020 and 2025, under plans published by the industry regulator. Ofwat said firms would also have to invest an additional £6m each day in improving services for customers. It comes amid widespread dissatisfaction with the performance of many water […]

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Dementia: Lifestyle changes that could lower your risk..

Nearly everyone can lower their risk of dementia, even if it runs in the family, by living a healthy lifestyle, research suggests. The study of nearly 200,000 people showed the risk fell by up to a third. The team at the University of Exeter said the results were exciting, empowering and showed people were not […]

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AI solves Rubik’s Cube in one second..

An artificial intelligence system created by researchers at the University of California has solved the Rubik’s Cube in just over a second. DeepCubeA, as the algorithm was called, completed the 3D logic puzzle which has been taxing humans since it was invented in 1974. “It learned on its own,” said report author Prof Pierre Baldi. […]

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When most people never see a £50 note, why have it?

When was the last time you saw a £50 note? Dinner with a wealthy relative visiting the UK, or tucked into a child’s birthday card perhaps? While we may rarely see such currency, there are a surprising number in general circulation. According to the Bank of England’s latest statistics, a total of 344 million of them, […]

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UK banks ‘prepared for Brexit and trade war fall-out’..

The Bank of England says the UK banking system is still resilient to the financial impact of a worst-case disorderly Brexit. The comment came in its regular health check on the banks, the Financial Stability Report. The Bank said “the perceived likelihood of no-deal Brexit has increased since the start of the year”. It said […]

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Climate change: Water and green energy produced by a single device..

Researchers have found a way to purify water and produce electricity from a single device powered by sunlight. The scientists adapted a solar panel that not only generated power, but used some of the heat energy to distil and purify sea water. They believe the idea could make a major difference in sunny climates with […]

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Wireless electric car charging gets cash boost..

The government is pumping nearly £40m into improving the infrastructure for electric vehicles despite a sharp drop in hybrid car sales. The Department for Transport will invest in UK engineering to “transform” the network of electric charge points. Wireless charging and “pop-up” pavement technology are among the investments being made. Sales of plug-in hybrid vehicles […]

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But does this mean that the market has peaked?

Not by a long shot. In fact, we think that the Chorlton and Old Trafford property market has a lot of steam left in it. The reason is simple; every market is underpinned by supply and demand. Here the supply is made up of a very high-quality housing stock, with a manageable amount of new […]