Faith in UK housing market to be restored in new year with M&A on the horizon December 5, 2022 Faith in the UK’s housing market is expected to be slightly restored in the new year, as mortgage rates slow their climb and cancellation rates cool. A rise in mergers and acquisitions (M&A) within the sector may also be on the horizon, according to research at brokerage Jefferies. In a note today, researchers said they [...]
Tech recruitment firm Levin to set up London HQ at new space in 155 Bishopsgate December 5, 2022 British Land has signed an agreement with tech recruitment giant Levin to let its entire Storey space at 155 Bishopsgate for its new London HQ. Levin, which has had a footprint at the development since 2020, is to take up 23,000 sq ft of space, after previously leasing space on the same campus at 1 [...]
Weekend Spotlight: £82bn in rental properties across UK are occupied by fraudsters and criminals December 3, 2022 Almost 280,000 UK rental properties, with a combined market value of £82bn, are thought to be occupied by fraudsters, City A.M. was told today. The rental market has long been a leading target for fraudsters, criminals, and money launderers. Research estimates that 5 per cent of all rental stock is being let to criminals and the [...]
John Lewis seals £500m deal with Abrdn to enter rental property market December 2, 2022 John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]
UK sets aside £9.2m to train Brits to make homes more energy efficient December 1, 2022 The UK government has set aside £9.2m to train Brits to make homes more energy efficient. Nearly 9,000 training free or heavily subsidised courses are set to be run across England for heat pump and energy efficiency installers, the government announced today. The global housing sector produces around 40 per cent of the world’s emissions. [...]
UK house prices fall by £4.5k since October amid ‘sharply’ slowing growth December 1, 2022 House price growth in the UK slowed “sharply” last month, representing the biggest monthly drop in value since June 2020, according to the latest data. The average cost of a home has fallen by 1.4 per cent since October – the equivalent of around £4,500, to £263,788, Nationwide’s house price index has revealed. Across the [...]
Home REIT and short seller trade barbs as share price tumbles November 30, 2022 Social housing investor Home REIT has hit back at short seller Viceroy Research today after the investor launched an attack on the quality of charity tenants in its portfolio.
House prices coming home this World Cup? How Gareth Southgate keeps properties afloat November 30, 2022 Following England’s 3-0 victory against Wales, last night in Qatar, property watchers are getting increasingly excited about the prospect of a good performance by the England squad at the World Cup as a major success could result in a house price boost. That is, if historical market trends are anything to go by. Focussing on [...]
Truss budget fallout will drag on growth, LendInvest warns November 30, 2022 Property fintech LendInvest has warned that the fallout of Liz Truss’s disastrous mini-budget in September will drag on growth in the second half of the year, as borrowing slows amid sharp interest rate hikes.
Shaftesbury back in the black as West End landlord sees ‘rapid rebound’ in shopping destination November 29, 2022 West End landlord Shaftesbury has swung back to profit as the capital’s retail heartland bounced back from Covid-19 disruption this year. The landlord, which is set to merge with neighbouring property giant Capital and Counties next year, shared a £119.1m profit after tax in full-year results. This was a strong come-back for the Carnaby, Seven [...]