Domestic M&A retreats in first quarter after dealmaking wave at the end of 2020 June 8, 2021 Domestic UK M&A fell in the first quarter of 2021 after a flurry of dealmaking towards the end of 2020. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office [...]
London won’t see exodus – but property growth rates may slow, says Onthemarket June 8, 2021 Property growth rates in the capital could slow in the medium-term, as pandemic-led lifestyle changes like wanting a garden or office space are likely to continue. House prices in the UK have on average grown by £22,000 in the last 12 months, according to the latest figures from Halifax, however prices in London have lagged [...]
First-time buyers: London’s most affordable and up and coming areas June 7, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market is [...]
London house prices: Asian homebuyers cash in on pandemic decline and weak pound June 7, 2021 Foreign buyers from primarily East Asian nations are cashing in across London’s new build market as a result of a pandemic decline in property prices, coupled with a weaker pound. According to new research by the defect management firm BuildScan, fluctuating exchange rates during the pandemic added to the appeal of the London property market [...]
Chase away the blues with a glass of delicious… blue wine June 7, 2021 This Saturday is National Rose Day, but perhaps it’s time to get a bit more adventurous and celebrate with something blue instead? You see, there are more than 900 vineyards in the UK but only one makes dry sparkling blue wine… Adgestone Vineyard on the Isle of Wight, among the oldest continuously operating vineyards in [...]
Housebuilder stocks soar as property prices climb another £3,000 to new record high June 7, 2021 House prices in the UK rose again last month by around £3,000, bringing the average property price up to a record high of £261,743. May’s 1.3 per cent price increase means the average home in the UK has increased by more than £22,000 – or 9.5 per cent – in the last 12 months, according [...]
Travelodge opens seven new hotels ahead of domestic summer travel boom June 7, 2021 Travelodge, what is thought to be the UK’s first budget hotel chain, have opened the doors to seven new hotels today following a £70m injection. The seven properties, which form part of 17 hotels that are expected to open later this year, are set to create around 150 jobs. Dotted across St Albans, Boston, Faringdon, [...]
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 [...]