Remember, Remember the 5th of November, the day known as Guy Fawkes Night/Bonfire Night. This annual celebration has been observed on this very day for over four hundred years following the Gunpowder Plot of 1605 when thirteen conspirators planned to blow up Parliament and kill King James I. To mark the occasion, The Weekly thought it would provide you with a few Bonfire Night facts with which to impress your friends and families. Were you aware, for example, that the only place in the UK that doesn't celebrate Bonfire Night is St Peter's School in York? Thought not. Well, Guy Fawkes went there as a boy and they refuse to burn his image in respect for their former pupil. Do you know where the largest ever fireworks display was held? Kuwait. 2012. It cost a mere £10m and involved a total of 77,282 fireworks being launched in a 64 minute display. Madness. And finally, sparklers are often considered to be the safest firework of them all, but they actually burn at fifteen hundred degrees. That means the power of three sparklers burning together is the equivalent of a blowtorch! Be careful out there tonight folks!

The Weekly took a break from the seminar circuit this week, but there was still a plethora of property research to pour over. A particular favourite is LSH's UKIT (UK Investment Transactions) which this week announced that £15bn had been invested in UK property in Q3, notoriously the quietest quarter of the year. This is 52% above the same period last year and indicates that 2017 is likely to break the £50bn mark for only the fifth time in history. There were some other key take-away facts too; there were nine transactions in excess of £400m (equating to 33% of total volumes); industrials and the specialist sectors are set for record years; the average transaction yield edged inwards (by seven basis points) over the quarter to 5.57%; investment in London is at its lowest level for a year; and Local Authorities continued their aggressive investment programme by investing a further £578m. The Bank of England's decision on Thursday to increase the base rate for the first time in over ten years is unlikely to have much, if any, impact on current investor sentiment and activity, as this 25 bps increase has already been priced in. Given the amount of capital currently looking to be deployed, the UK property industry should still expect a busy run-up to Christmas...and, we anticipate well into 2018.
 
The Weekly can be accused of many things... including clogging up your Sunday mailbox for the last 191 weeks and providing occasional snippets of dubiously interesting/obscure news.  But sharing 'fake news' has never been on our agenda. All this despite Donald Trump's favourite term seeing a whopping 365% increase in use since last year, being added to the English Dictionary and now being crowned Collins' 'Word of the Year'. (Did anyone tell them though, that 'fake news' is actually two words? They may be good at spelling, but their arithmetic is rubbish!). Other words in this year's list included fidget spinner, gender fluid, insta, echo chamber, gig economy, and one that caught our interest in particular, 'cuffing season'. If the phrase means nothing to you, cuffing is apparently short for handcuffing and the term is defined as 'the period of autumn and winter, when single people are considered likely to seek settled relationships rather than engage in casual affairs'. Men are apparently 15% more likely to actively enter into a relationship during this period than at any other time of the year, with women 5% more likely to do the same. In other words, it's getting too dark and too cold to go out searching for romance, so having someone to cuddle up with at home becomes a priority. Cuffing season officially began on Wednesday and concludes the day after Valentine's Day. Happy cuffing everyone!

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