China flags more fiscal stimulus for economy, leaves out key details on size October 12, 2024 China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally. Finance Minister Lan Foan told a press conference Beijing will help local governments tackle their debt problems, [...]
Property market 2025 predictions: Greener and healthier October 10, 2024 Predicting the prevailing winds in the super-prime property market can be a thankless task, given how it is at the behest of factors both national and international. Nevertheless, I have grabbed my crystal ball to make some predictions about the emerging and developing trends, from the continued rise in at home wellness to an ever-increasing [...]
Renters set for more tough times as house sales strengthen October 10, 2024 The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
Brookfield wins round Tritax Eurobox in £1.1bn tie-up October 10, 2024 In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
London landlord GPE benefits from better investment conditions October 10, 2024 GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
New business partnership promises to renovate Saudi Real Estate October 9, 2024 Inside Saudi provides readers in the City and beyond with insights from Saudi Arabia, one of the fast growing markets in the world. Each week we’ll bring you exclusive interviews, news you can use and spotlight the companies making things happen in the Kingdom of Saudi Arabia. Saudi Arabia’s population is growing, and growing fast. [...]
Landlords stay put ahead of Renters’ Rights Bill October 9, 2024 Fears of a landlord exodus following the introduction of new renter-friendly legislation may be overblown, according to fresh data. The predicted rush of rental properties being put up for sale hasn’t materialised, with the number of properties on the sales market down by nearly a fifth between June and September this year, according to research [...]
1,500 City of London retailers set for surprise tax cut after ruling October 9, 2024 More than 1,500 retail shops in the City of London could see their tax bill slashed after a tribunal ruled a Cheapside store was paying too much in business rates. The Valuation Tribunal for England ruled that the rateable value applied to the main space of a City of London shop by the Valuation Office [...]
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
PRS REIT reveals ‘excellent’ results as strategic review looms October 8, 2024 PRS REIT has revealed a set of strong results as the trust gears up for a strategic review following a shareholder row. The real estate investment trust reported an 11 per cent uplift in the value of its underlying assets, as rental income on its private housing portfolio surged 12 per cent on a like-for-like [...]