House prices in England experience first fall since 2012
House prices across England have fallen for the first time in 7 years during the first quarter of 2019, with property in London and the South East most affected.
House prices fell by 0.7% in the first 3 months of 2019, compared to the same period last year, meaning the average house in England is now valued at £255,683.
London has been hit the hardest, with a 3.8% fall in average house prices across the capital — the biggest recorded in the last decade anywhere in the UK. Despite the drop, London is still home to the most expensive properties in the whole of the UK, with an average house value that’s twice the national average (£455,594).
Robert Gardner, Nationwide’s Chief Economist, has revealed that according to recent findings, buyers and sellers in the UK are erring on the side of caution in the wake of Brexit uncertainty.
UK fintechs top choice for Tech Nation Future Fifty list
The scheme established in 2013 aims to support the next generation of British tech businesses as they grow and scale their operations, creating opportunities across the UK and further afield. Companies that have been part of previous Future Fifty cohorts include Shazam, Deliveroo, and Skyscanner.
10 fintech companies make up the final 24 chosen for this year’s cohort — a testament to the thriving technology ecosystem within the UK’s financial services sector.
Apple introduce new credit card
Tech giant Apple last week announced its entry into the world of personal finance with the Apple Card.
Building on the success of Apple pay, the credit card is built into the Apple wallet app on iPhone and allows customers to manage their finances through their device.
With no fees, a quick application process, and an attractive rewards program that includes daily cashback from your Apple Card purchases, Apple hopes to inspire healthier financial spending with a transparent approach to money management.
Gaining the support of an issuing bank and a global payments network, Apple has partnered with Goldman Sachs and Mastercard on the latest venture – which is set to be released to the US market in July 2019.