House prices fall as rents skyrocket by 9.2 per cent and outstrip wages April 17, 2024 UK house prices fell by the least in eight months when the figure edged down by 0.2 per cent on an annual basis in February, against a 1.3 per cent decline in the previous month, the latest reading from the ONS has found.
PwC Hong Kong denies claims about China Evergrande audits in anonymous letter April 16, 2024 PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group.
FTSE 100 today: London shares to open lower amid fading US rate cut hopes, Middle East tensions April 16, 2024 Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
After record rises, London rent hikes ease off April 15, 2024 Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.
Deal agreed to sell 235-acre failed Britishvolt site to US private equity giant Blackstone April 15, 2024 A deal has been agreed to sell the site of failed EV battery business Britishvolt in Northumberland to a US private equity giant.
Former ‘Vote Leave’ Brexit HQ to be transformed into London flats April 15, 2024 An Abu Dhabi backed property group has bought Westminster Tower - the building which formerly housed Brexit's Vote Leave headquarters - for £41m with plans to turn the office block into a new residential development.
Foxtons calls in Rothschild as pressure to sell mounts April 14, 2024 Estate agent Foxtons has hired merger and acquisition bankers from Rothschild amid growing pressure from its shareholders to sell itself for £160m by the end of the year.
Who is Tom Dawes? The Home REIT mystery man that profited from property deals April 11, 2024 Home REIT has been mired in scandal for over a year. For the first time, City A.M. can reveal the existence of a previously undisclosed businessman in the middle of a string of its property deals
Blackstone: New York asset manager splurges on luxury London West End space April 11, 2024 New York-based asset manager Blackstone has paid £230m for a 31,000 sq ft retail space on the affluent New Bond Street strip in the West-End.
‘Scarcity of high-quality space’ drives activity for West End London landlord GPE April 11, 2024 One of central London’s biggest listed landlords said a “scarcity of high quality space” helped drive leasing activity in the year to the end of March.