Taylor Wimpey orders increase by £500m despite 2020 pandemic hit January 14, 2021 Taylor Wimpey saw orders increase by £500m despite the housing market shut down, its annual performance review revealed this morning. Despite the house builder suffering during 2020, with housing completions falling nearly 40 per cent, the company started 2021 with an order book valued at £2.7bn, as opposed to their £2.2bn orders for 2019/20. “Looking [...]
What has Brexit done to property prices? January 14, 2021 The London and UK property market has, so far, remained relatively impervious to any post-Brexit related decline. Despite claims by the Bank of England that leaving the EU could see house prices fall by up to 35 per cent over three years, new research by Keller Williams UK has found that, so far, this has [...]
Home buyers seek stamp duty holiday extension over missed deadline fears January 13, 2021 The majority of house hunters believe the government should extend the stamp duty holiday, with many concerned they will be unable to complete their deals before the March deadline. According to the latest research, 67 per cent of buyers would like to see the property tax break extended, with 48 per cent worried the sale [...]
Persimmon reports ‘robust trading’ and hails UK’s resilient housing market January 13, 2021 Persimmon, the UK’s biggest housebuilder, said the country’s property market had remained “resilient” despite the impact of the coronavirus pandemic. The FTSE 100 firm reported that trading was “robust” in 2020, although revenue and new home competitions dipped due to the closure of the housing market in the first UK-wide lockdown. New home competitions reached [...]
UK logistics sector take-up soars to record level as retailers scramble to boost delivery capacity January 12, 2021 Take up of UK logistics space soared to record-breaking levels last year as retailers sought to keep up with the surge in demand for online shopping during the coronavirus pandemic. According to the latest analysis, the total take up of logistics space jumped 69 per cent year-on-year to 42.87m sq ft. The increase was driven [...]
QuadReal pumps nearly $1bn in London property January 12, 2021 Property group QuadReal has spent nearly $1bn to acquire a majority stake in seven London-based assets owned by Realstar UK. The Canadian asset manager partnered with Realstar to invest in four rental properties in New Cross, Stockwell and a 45-story tower in the heart of Elephant & Castle. Realstar CEO Ryan Prince said, “Far [...]
Landlords suffer slump in retail and hospitality rent collection in December January 12, 2021 Commercial landlords struggled to collect rent owed by retail and hospitality tenants in December, as the sectors continued to be hit by the impact of lockdown restrictions on trading. Landsec – the UK’s largest commercial property development and investment firm – collected just 65 per cent of the £112m due in December, compared to a [...]
The best of travel: Spending a week in an ‘apocalypse dome’ January 12, 2021 Throughout January we’re remembering better times and sunnier climes by reposting some of our favourite travel stories from the last decade. In the second instalment, our Life&Style editor Steve Dinneen retreats from civilization to live inside an artist’s “apocalypse dome”. Read more: Pink goes offline as Covid takes the shirt off its back The more we [...]
Real estate giant JLL hires first female chief January 12, 2021 The property industry has reached a milestone with the first appointment of a woman to take charge of one of the country’s leading surveying firms. JLL said this morning it has appointed senior client partner Stephanie Hyde, 47, as the new CEO of its UK business where she will oversee more than 4,300 employees from [...]
Vistry to resume dividends after housebuilder reports strong 2020 performance January 12, 2021 Vistry has announced it will resume dividend payouts after a strong second half performance, with the housebuilder expected to report 2020 profit of around £140m. The FTSE 250 developer said this morning that it is planning a “modest” final dividend when it announces its full-year results next month. The company said the decision to resume [...]