‘Last mile’ logistics and flight to quality gives British Land reason for optimism November 13, 2023 British Land, the developers behind Broadgate Circle, have seen a spike in demand for urban logistics hubs
Over £6,000 wiped off average house price in last four weeks November 13, 2023 The average price of a home coming on the market fell by more than £6,000, month-on-month, in November, according to Rightmove.
Sluggish housing market hits homebuilder Redrow November 10, 2023 Redrow stuck by its guidance on Friday but warned that the results will be towards the lower end of the range it had previously given as the market was “subdued” this autumn.
Science superpower? Plans for major £340m science park denied November 9, 2023 Controversial plans to turn part of a golf course into a £340m science park off Oxfordshire M40 have been refused by the planning authority.
West End London office rates rise prompted by four-day workweek November 9, 2023 According to Savills, occupancy rates in the area have risen to 62 per cent up from 50 per cent in the last six months.
‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
Taylor Wimpey warns of more housing pain – but better profits than first expected November 9, 2023 The FTSE 100 firm’s trading update mimicked that of its rival Persimmon, who on Tuesday warned of market trouble next year, while simultaneously raising the number of homes it plans to build.
UK Commercial Property reveals merger talks with rival Picton November 8, 2023 UK Commercial Property REIT confirms talks with Picton Property for a potential all-share merger
Persimmon’s share price up despite warning of ‘highly uncertain’ year ahead November 7, 2023 House builder Persimmon saw its share price close over six per cent today despite the firm warning of uncertainty next year, in a sign that markets may be cautiously restoring their faith in the housing market. The FTSE 250 housebuilder said the number of new homes it built in the third quarter declined by 37 [...]
Renting a Wework office? Here’s what happens next November 7, 2023 If Wework did go under in the UK, it wouldn't be all doom and gloom for the wider market, experts say