Segro to make £450m placing as profits soar February 15, 2019 Warehouse landlord Segro said today that it is planning to raise £450m as it looks to ramp up development amid a boom in demand for storage space from online retailers. Britain’s largest listed property firm, which also posted a double-digit profit rise in its full-year results this morning, has proposed a placing of shares to fund [...]
Housebuilder MJ Gleeson chief executive: ‘Our customers do not give a damn about Brexit’ February 14, 2019 MJ Gleeson’s profits have surged while other housebuilders are struggling to break even because its customer base is unfazed by the Brexit uncertainty gripping some buyers, according to its chief executive. Speaking to City A.M., CEO Jolyon Harrison said the firm’s profits had risen 62.8 per cent because “our customers do not give a damn [...]
Housing market endures sluggish start to the year as buyer and seller confidence dwindles February 13, 2019 The UK housing market has endured a slow start to the year as key activity measures for both buyers and sellers fell further in January. Enquiries, sales and new instructions all declined in January as uncertainty continues to wear away at confidence, according to research by the Royal Institution of Chartered Surveyors (Rics). Read more: [...]
UK house price growth slows to lowest level since 2013 as uncertainty rattles market February 13, 2019 House price growth fell to its slowest pace in almost six years in December as uncertainty continues to weigh on the housing market. UK house prices rose just 2.5 per cent year-on-year, marking the slowest annual growth since July 2013, according to new figures from the Office for National Statistics (ONS) and the Land Registry. [...]
Market challenges take their toll on estate agent Countrywide’s profits February 13, 2019 Beleaguered estate agent Countrywide’s profits halved last year, as the property group battled to keep its debt pile under control in the wake of housing market uncertainty and disruption from online rivals. Subdued activity in parts of the UK’s housing market in the last year has dented profits for the group, which has also struggled [...]
Viventi in £100m UK build-to-rent investment after appointing FirstPort at partner February 12, 2019 US investor Viventi has said today that it is planning to inject £100m into the UK’s growing build-to-rent (BTR) market. In a bid to cash in on the rising demand for homes built specifically with a view to being rented out and professionally managed, Viventi Capital Management is moving into the UK properry market with [...]
You can now trade London skyscrapers on a real estate stock exchange – here’s how it works February 12, 2019 Down the years, through booms and busts, investment in property has always meant one thing – buying buildings. And whether it be a corner shop or a skyscraper, the principle has always been the same – it’s the whole building that you buy. We take that for granted. Read more: Sharp rise in property values [...]
London house prices: Prime postcodes dip as Brexit uncertainty weighs on market February 12, 2019 House prices in London’s most expensive neighbourhoods tumbled in the run-up to Christmas, continuing on a downward trend in the wake of uncertainty from both buyers and sellers. According to new data from Lon Res, prime property prices in the fourth quarter of 2018 fell 5.7 per cent when compared with the same period in [...]
Telford Homes to develop £160m Stratford project February 11, 2019 London developer Telford Homes has ramped up its investment in East London this morning after announcing plans for a £160m housing site in Stratford. The housebuilder, which specialises in non-prime London property, has snapped up the 1.2 acre development for £20m as it looks to tap into recent regeneration following the arrival of Westfield shopping [...]
Focus On the City of London: How much does it cost to live in the shiny new developments in the Square Mile? February 11, 2019 Have you ever thought about living in the Square Mile? Fair enough if you haven’t because you’re certainly in the majority, With an eye-watering average second-hand sale price of £840,053 – for context, the London average is £497,452, according to Savills Research using the Land Registry – and an outmoded reputation for being suits central, [...]