The Bank of England on Wednesday abandoned its six-month-old strategy of pledging to consider raising interest rates only when unemployment falls to 7 percent, saying it would now consider a range of factors.

Mark J. Carney, the governor of the Bank of England, also stressed that a rate increase was still some way off. Click to view story on NY Times

The Guardian is running a story on London’s magnetic pull for young people all over the UK, illustrated by the statistic that one in three 22-30 year olds leaving their UK hometowns end up in London. Click image to go to the story.

Net flows of people to London. Click image to go to Guardian story

Net flows of people to London. Click image to go to Guardian story

Our office will be closed from Friday 20th December until Saturday 4th January at 10.15AM. Should you wish to contact us with a management problem please email management@127.0.0.1/oldfind clearly stating your property, the problem and contact phone number and we will get back to you.

If you have an emergency between 21 DEC and 04 JAN please call 0800 644 0200.

Interesting video from CBRE looking at new research on the effect Crossrail will have on house prices in London.

Click image to go to video:

Click image to view video

Click image to view video

Homeowners with the good fortune of having planted themselves along the Central, Piccadilly, Victoria or Jubilee lines or relevant sections of the Northern line can expect an effect on house prices and rents following news that these lines will shortly be operating right through the night. Click the image below to see the Night Tube Map

Click image to see night tube map

Click image to see night tube map

The Hackney Fashion Hub is a major regeneration project on the edge of Hackney Central town centre that will create a new focal point for UK fashion in the heart of London’s East End. The project is being pushed along by Harry Handelsman the brains and brawn behind the restoration of St Pancras.

Kudos for Hackney if this project gets the nod.

http://hackneyfashionhub.co.uk/