Some 300 million extra square feet of warehouse space needed in Europe to support e-commerce boom June 22, 2021 Nearly 300 million square feet’s worth of warehouse space in Europe will need to be found to cope with the e-commerce boom expected in the coming years. E-commerce sales across Europe are expected to increase by $298bn from 2020 to 2025, requiring thousands more industrial warehouses and distribution spaces to meet the growing demand, according [...]
Tory MPs call for compensation for homeowners near new housing developments June 21, 2021 A group of Tory backbenchers want cash compensation to be given to homeowners who are affected by new housing developments built through the government’s planning reforms. Conservative backbencher Steve Baker is arguing today that Boris Johnson’s new planning reforms will see new developments “trespassing on existing property owners” and that they should be given something in [...]
Barnet, Richmond and Ealing see house price spike as pandemic fuels outer London spree June 21, 2021 House prices are heading upwards right across the country – but some London boroughs are doing better than others. New data suggests outer London properties have benefitted from a spike in pandemic-era purchases, as inner London residents look for more space and existing suburban dwellers tire of the same four walls. Properties in Barnet and [...]
House prices rise £2,500 in June but ‘early signs’ suggest market is slowing June 21, 2021 House prices rose again this month, bringing the UK’s average house price to a new record high, however there are early signs the market is starting to slow down. House prices rose £2,509 this month, a relatively modest rise 0.8 per cent, pushing house prices to a new record high of £336,073. June’s rise was [...]
Commercial landlords threaten to sue government over eviction ban extension June 20, 2021 A raft of commercial landlords are considering launching legal action against the government after it extended its business eviction ban until March 2022. The British Property Federation, a lobby group for commercial landlords, is looking at all legal options as there is now an estimated £6bn in unpaid rents throughout Covid-19. Chief secretary of the [...]
Close to home: Demand for city centre offices drops as hybrid working picks up June 16, 2021 Suburban office markets outperformed city centres for the first time in ten years, with six out of nine major cities seeing a drop in workstation rates. Research published today found demand was driven by workers rejecting both working from home and returning to crowded cities. The shift to smaller towns was also influenced by companies [...]
London lost £20bn in home sales during Covid-19, but these boroughs bucked the trend June 16, 2021 London lost £20bn in home sales during hte first 14 months of Covid-19, these capital boroughs bucked the trend
England commercial eviction ban extended until March 2022 June 16, 2021 The government has extended the commercial eviction ban until March 2022 in the wake of Monday’s decision to push back so-called freedom day to 19 July. The news, delivered in the House of Commons today by chief secretary of the Treasury Steve Barclay, will offer business some breathing space in light of Covid restrictions continuing [...]
The return to normal: A timeline for businesses opening the office June 16, 2021 | Sponsored As businesses begin to reopen their offices, Oktra’s workplace specialists outline concrete steps for moving forward in the return to work. With 69% of UK CFOs expecting the bulk of their workforce to return to the office in the third and fourth quarter of 2021, and 43 of the UK’s top 50 companies embracing a [...]
House market cooled in April with prices falling £5,000 from record March June 16, 2021 House prices in the UK fell 1.9 per cent in April, as buyers and sellers renegotiated terms under the impression the stamp duty holiday saving would no longer be on the table. In April, the average house price in the UK stood at £250,772, nearly two per cent or around £5,000 lower than in March, [...]