Rental market boom may be on the horizon as homebuyers struggle November 26, 2022 As the property market continues to stutter, the nation’s rental market is set for a boom, as historic housing market trends show that a decline in property sales also leads to a boost to private rental market stock, a leading City fund manager told City A.M. this weekend. Sales and rental markets during the economic [...]
Hybrid jobs: 248 football pitches of office space has simply vanished November 26, 2022 New research out this morning shows that roughly 1.8m square metres of office floorspace was taken out of use in the UK in the past year. The move, equivalent to 248 football pitches, was largely due to changes in working patterns since the pandemic – with the shift to hybrid working, said law firm Boodle [...]
UK rental demand up 23 per cent as scorned first-time buyers turn to lettings November 25, 2022 The UK’s rental demand has increased by 23 per cent in the last year, according to a new Rightmove research. The analysis has revealed that the increase in the UK’s rental demand is also due to many first-time buyers having to put their dreams on hold until mortgage rates go down, the Guardian first reported. [...]
Crypto exchange OKX opens its balance sheet as sector scrambles to restore trust November 23, 2022 Crypto exchange OKX has revealed the state of its balance sheet today to prove to customers it has not been gambling with their cash, as the industry scrambles to restore confidence in the wake of FTX’s collapse.
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
UK housebuilding stocks to remain sturdy despite falling house prices November 21, 2022 Housebuilders are expected to avoid any significant share price tumbles ahead of a forecast house price plunge in the UK, according to analysts at brokerage Jefferies. In a research note today, Jefferies analysts doubled down on UK housebuilders continuing to bring value for shareholders, despite an anticipated dip in house prices and sales as mortgage [...]
Revealed: £82bn in rental properties across UK are occupied by fraudsters and criminals November 21, 2022 Almost 280,000 UK rental properties, with a combined market value of £82bn, are thought to be occupied by fraudsters, City A.M. was told today. The rental market has long been a leading target for fraudsters, criminals, and money launderers. Research estimates that 5 per cent of all rental stock is being let to criminals and the [...]
Sirius Real Estate optimistic after utility prices protected and acquisition pipeline slowed down November 21, 2022 Industrial park owner Sirius Real Estate has said it will be protected from the monster operating costs facing the industrial sector due to securing a large chunk of fixed price contracts for utilities. In interim results, the property firm said it was trading in line with management expectations for the full year and undeterred by [...]
Harrods sees £15m drop in business rates assessment as retail undergoes dramatic revaluation November 21, 2022 More than half a million retail properties across England and Wales have now been revalued with new rateable values, which will be used to calculate business rates liabilities from 1 April 20023 to 31 March 2026, having been published showing a fall of 10 per ccent overall for the sector. The Valuation Office Agency, an [...]
Digital Assets Week: Conversations from the corriDAW November 18, 2022 Lord Holmes wraps up Digital Assets Week with some thoughts on the common themes from conversations in the corridors.