Sirius Real Estate posts profit jump as rental rates increase despite Covid June 7, 2021 Sirius Real Estate has seen its annual pre-tax profit soar by 47 per cent to €163.7m as rental rates increased despite Covid restrictions. The FTSE 250 property firm, which invests in German business parks, said its like-for-like rental rates rose 3.5 per cent to €6.17 per sqm. It raised its total shareholder accounting return to [...]
Empiric Student Property sees rentals rise even with lockdown learning June 7, 2021 Empiric Student Property, which owns and operates student accommodation, has seen rentals rise despite the impacts of the pandemic on students, while applications from Chinese students have spiked. Applications for the upcoming academic year show encouraging growth, the company said this morning, as Chinese applications grew by 21 per cent, despite the ongoing tension between [...]
First-time buyers offered new homes at up to half price under government scheme June 5, 2021 First-time buyers in England will be able to apply for a discount of up to 50 per cent on a new build home under a government project launched today. The First Homes scheme will help people onto the property ladder, which experts believe could spark a scramble for properties and further bolster the house price [...]
Lenders hand out most mortgages to first-time buyers in nearly 20 years June 3, 2021 Banks and building societies handed out more mortgages to first-time buyers in March than any time since 2002. Across the UK, 42,330 mortgages were issued to first-time buyers in March, marking the highest monthly total since December 2002 when 44,000 were advanced, according to trade association UK Finance. Many people who would have taken their [...]
David Beckham scores stake in UK electric vehicle firm Lunaz June 3, 2021 David Beckham may be known for his impressive collection of classic cars, but the former England footballer is now swapping gas-guzzlers for electric vehicles. The maverick midfielder has taken a 10 per cent stake in Lunaz, a Silverstone-based company that electrifies classic cars such as Bentleys, Rolls-Royces and Jaguars. He joins a star-studded teamsheet of [...]
Foxtons expect profits to shoot ahead of past two years June 3, 2021 Foxtons confirmed to markets this morning that they expect profits to be “significantly ahead of both 2020 and 2019” after a bumper start to the year. The firm has seen a 49 per cent increase in Q1 sales revenues versus both 2020 and 2019, and the sales commission pipeline is now 65 per cent ahead [...]
UK Residential Reit looks to raise £150m in stock market float June 2, 2021 The UK Residential Reit today unveiled plans for an initial public offering on the London Stock Exchange as it looks to cash in on the UK’s housing shortage. The real estate investment trust, which was set up to invest in privately rented residential properties outside London, is targeting total proceeds of £150m plus an issue [...]
Billionaires eye Bitcoin as crypto-related services expand June 1, 2021 CryptoCompare's Francisco Memoria gives us a rundown on what's happened in the cryptocurrency world over the last week.
UK missed out on £110bn of services exports after Brexit referendum, say wonks June 1, 2021 The UK has lost out on more than £110bn of services exports as a result of the 2016 Brexit referendum, according to a new study from Birmingham’s Aston University. Academics said services exports were £113bn lower between 2016 and 2019 than they would have been if the UK had not voted to leave the EU. [...]
Thinking around corners on UK rental market could transform life for the better June 1, 2021 With pubs and restaurants open across London once again, the capital’s young professionals can return to one of their favourite pastimes: gathering together over a drink to complain about the rental market. We all know the stereotypical ladder: you begin in a slightly shabby, probably shared flat, you move on to somewhere on your own [...]