Investors are getting cold feet about UK commercial property since Brexit July 21, 2016 The commercial property market is grappling with a drop in confidence and investor demand after the Brexit vote, according to survey by the Royal Institute of Chartered Surveyors (RICS). The RICS survey of chartered surveyors found 36 per cent of respondents feel commercial property is at the start of a downturn. Read more: Commercial property rents in London face [...]
UK house prices: This map shows every house price at nearly every railway station in England, Scotland and Wales July 20, 2016 For many first-time buyers, the path to property ownership is moving out London. But when you have a job in the capital, that's easier said than done. Step forward, online estate agent Emoov, which has produced a map of the average house price in the area surrounding almost every train station in the UK – [...]
A luxury flat in this Nine Elms development failed to sell even after its price had been slashed from its 2013 level July 20, 2016 In further signs that the luxury housing market in London is starting to sag, it has emerged a sub-penthouse in the Nine Elms development has failed to attract a buyer willing to take it for its 2013 price-tag. An advertisement on property portal OnTheMarket.com showed an investor in one of the phases in the Nine [...]
Here’s how much of a house €200,000 will buy you in countries across Europe July 19, 2016 It's hardly big news UK house prices are among the most expensive in Europe – but what does that actually mean, practically speaking? This chart from Statista, using data from Deloitte, lays out exactly what you can expect to get with in different countries with the same amount of cash – €200,000 (£167,690). And while London is [...]
Over 65s face less inflation than millennials due to the supermarket price war July 19, 2016 The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]
Here’s how much the average house price increased in the year to May July 19, 2016 Average house prices in the UK increased by 8.1 per cent in the year to May 2016 – unchanged from the year to April. The average UK house price was £211,000 in May – £16,000 higher than in the same month last year, and £2,400 higher than in April, according to the Office for National Statistics [...]
Sales of prime central London properties are now lower than they were in 2008 July 19, 2016 Transaction volumes in prime central property have dipped lower than their last trough in 2008, according to research from property data company LonRes. In the second quarter of this year, there were only 286 sales in prime central London property recorded, lower than the 347 sales recorded in the fourth quarter of 2008. Read more: Buy to [...]
These are the 10 areas of the UK where demand for homes is growing fastest July 19, 2016 Demand for London homes dropped in the second quarter of this year. But, despite this, two of the capital's boroughs topped the charts in terms of growing interest. Appetite for houses in the capital shrunk by two per cent between the first and second quarter to 39 per cent, according to Emoov’s National Hotspots Index. Read more: [...]
Wells Fargo pounces on property slowdown to snap up new London offices July 18, 2016 US banking giant Wells Fargo has defied reports of a commercial property crash to sign the dotted line on a £300m deal for a brand new London headquarters. The bank signed off on a new agreement for the 227,000 square foot building, known as 33 Central, on King William Street in the heart of the [...]
Legal & General has bumped up the price of its property fund saying saying conditions have stabilised July 18, 2016 Legal & General has increased the price of its property fund, saying conditions have stabilised since the week in which several similar funds suspended trading. The firm has reduced the fair value adjustment on its property fund from minus 15 per cent to minus 10 per cent, which led to the fund price going up by 4.3 per [...]