Prince Charles has officially opened Scotland’s largest ever wind farm, which will become the nation’s largest source of clean and renewable energy. The Beatrice Offshore Wind Farm, located about eight miles (13km) off the coast of Wick in the far north, can generate enough energy to power 450,000 homes. The £2.65bn project, which involves 84 huge turbines, came fully online in May and achieved 588MW of electricity. The construction of the project has been a major success and we have…

As has been widely expected, Boris Johnson has been elected within the Conservative Party to become Britain’s next prime minister, after winning a pretty hands-down victory over Jeremy Hunt in the party’s leadership race for number ten. The former mayor of London, who has long cherished an ambition to lead his country, won 66% of the votes – 92,153, to Hunt’s 46,656. Turnout was 87.4% among 159,320 party members. In a characteristically lighthearted acceptance speech, Johnson conceded that even some…

House prices in London have fallen at their fastest pace since the financial crash a decade ago as the capital bears the brunt of the nationwide torpor in the property market. This is not part of an isolated trend either as London house prices have fallen for eighth quarter in a row, signifying a worrying trend for sellers and an opportunity for liquid buyers. House prices have dropped in London for the eighth quarter in a row, pushing the average value of…

U.K. Prime Minister Theresa May acknowledged defeat Friday and announced her resignation as leader of Britain’s Conservative Party. “It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit,” said May, standing at a podium in the sunlight outside No. 10 Downing St. in London. Intentionally or otherwise, May was summing up her legacy as most here see it today. She is the prime minister who spent nearly three…

The average asking price for a home in London in January was £600,926 – 3.5 per cent lower than a year before and the biggest drop since June 2009. London homeowners seeking to sell their properties slashed prices by the most since the financial crisis this month, at a time when house prices elsewhere in Britain are rising, industry figures showed on Monday. The capital’s once red-hot housing market has slowed down during the past year due to a double hit from higher purchase taxes (stamp duty)…

After six years of strong house price growth, the U.S. housing market is now cooling. House price rises are decelerating gradually. Demand and construction activity are falling, amidst rising interest rates. Homebuilder sentiment is also at its lowest in more than three years. The S&P/Case-Shiller seasonally-adjusted national home price index rose by 5.16% during the year to November 2018 (2.92% inflation-adjusted), a deceleration from the previous year’s 6.09% growth and the lowest pace in more than two years. This was supported by Federal…