Renting a Wework office? Here’s what happens next November 7, 2023 If Wework did go under in the UK, it wouldn't be all doom and gloom for the wider market, experts say
Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.
House prices: Property market shows signs of life with shock jump in October November 7, 2023 The cost of a home rose 1.1 per cent in October, breaking a run of six consecutive monthly falls, the latest figures from Halifax can reveal. According to the report, the typical UK home now costs £281k, up around £3,000 on the previous month. In the capital house prices remain the most expensive, with the [...]
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.
Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
Interest rate hikes send 738 real estate investment firms under this year. What does this mean? November 6, 2023 Insolvencies of real estate investment companies have increased 16 per cent in the past 12 months, with up to 738 businesses going under.
London ‘clearly in depths of a rent crisis’ as 77 per cent of properties see price rise November 3, 2023 The ONS said prices had risen by 10 per cent or more for around one in five properties across England and Wales, but London was by far the worst hit.
House prices: Shock month on month rise suggests property market beginning to stabilise November 1, 2023 House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide showed before the Bank makes its interest rate call tomorrow. . Compared with October last year, prices were down 3.3 per cent, a less sharp fall than September’s 5.3 per cent drop, Nationwide said. This comes after the Bank [...]
Earls Court regeneration scheme gets £6bn climate tech boost November 1, 2023 The former Earls Court exhibition site is set to receive a whopping £6bn investment to build a host of new offices and development space centred around the climate tech sector. Some 2.5 million square feet of workspace and lab-enabled offices are set to be built on the derelict exhibition centre, with the first slew of [...]
West End office rents forecast to double as financiers vie for top addresses October 30, 2023 Property expert predicts £300 per sq ft within a year as demand soars