Evergrande: Poster child of China debt crisis has winding-up hearing adjourned as it seeks new deal October 30, 2023 Evergrande, which has more than $300 billion of liabilities, became the poster child of a debt crisis that has since engulfed China's property sector.
House sales set to slide by 23 per cent this year October 30, 2023 Zoopla said that UK house prices will fall two per cent over 2024 with hopes that rising incomes will “steadily repair housing affordability".
Foxtons: House revenues dip as estate agent pins hopes on autumn rebound October 26, 2023 Foxtons said it expects revenues of home sales to lower than the prior year as it moves into the fourth quarter.
Fierce mortgage competition to weigh on banks’ margins, warn brokers October 25, 2023 Mortgage profitability is a key focus for investors as lenders have significantly reduced rates in recent months.
Two more years of misery for London housing market, analysts suggest October 25, 2023 A recent report suggests house prices, including those in London, to decline in the coming months, but the decline will "not likely be sufficient".
Historic London estate agent Chestertons snapped up by French real estate group October 23, 2023 London estate agent Chestertons has been bought by a French real estate and technology group, in the latest sign that deal making in the property sector is heating up. The near 200 year-old estate agent was bought by Emeria, which is owned by Swiss private equity and property group Partners Group. The firm is understood [...]
London office market battles red hot construction costs October 23, 2023 Glimmers of light are beginning to emerge for property developers in the City and the West End as demand for office leases climbs to its highest quarterly take-up so far this year, but rising construction costs are expected to hold back recovery. Figures from property consultancy Savills, showed that the number of leases secured in [...]
London’s soaring rents now swallow up 35 per cent of tenants’ salaries October 23, 2023 More than a third of Londoners’ average pay went towards paying rent last year, according to the latest government figures, as tenants face a crisis in the capital. Data released by the Office for National Statistics on Monday showed that London was the least affordable region in the UK in which to rent, with an [...]
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
Green light given for new Tower Hill sustainable tower as demand for office space rebounds October 19, 2023 The green light has been given for a new sustainable office building in Tower Hill, as demand for space in the Square Mile continues to rise.