Retail property market misses out on ‘Boris bounce’ January 30, 2020 London’s retail property market has continued to struggle, despite a bounce in the wider commercial real estate sector driven by the General Election result. Occupier demand in the retail sector fell in the fourth quarter of last year, according to research published today that found 70 per cent of chartered surveyors in the capital had [...]
UK house prices rise 1.9 per cent as buyers hail 2020 ‘Boris bounce’ January 29, 2020 UK house prices grew at their fastest rate in over a year at the start of 2020, according to Nationwide, as experts hailed Boris Johnson’s election victory. The housing market posted a 1.9 per cent annual rise in January, beating December’s 1.4 per cent climb. That followed 12 months of consecutive growth below the one [...]
House sales to bounce as buyer confidence improves January 29, 2020 House sales in UK cities are expected to jump this year as buyer confidence improves due to greater political certainty, according to the latest research. Buyer demand across UK cities in the first few weeks of 2020 was 26 per cent higher than in the same four week period last year and in 2018. London [...]
UK mortgage approvals surge in December January 27, 2020 British banks approved the most mortgages in four years in December, data from banking body UK Finance has shown, in the latest sign of green shoots in the UK economy. Yet mortgage lending in the UK fell in 2019 overall as the Britain’s housing market struggled under the weight of Brexit uncertainty, according to the [...]
Alternative assets investment trust launches £200m UK float January 27, 2020 An investment trust focused on alternative assets and asset managers today outlined plans for a £200m float in London, claiming to offer a new model for investors to access the sector. Cabot Square Alternatives (ALTS) will invest directly in a portfolio of infrastructure, property, and specialist debt, as well as in asset managers managing these [...]
Australian Dollar to GBP – Could this be one to watch? January 24, 2020 Singapore Dollar Fears of the coronavirus which has been spreading from China have affected global market sentiment. This week in Singapore December consumer price inflation results beat expectations; with food, transport, communication, and education costs the highlights. Beating November’s 0.6 per cent and the prediction of 0.7 per cent, December’s 0.8 per cent result is in line with the Monetary Authority of Singapore [...]
Property of the Week: A Wapping warehouse where WWI soldiers’ toothpaste was made January 24, 2020 Located halfway between Bank and Canary Wharf, Wapping’s waterside is a favourite location for the swanky riverside apartments of young financial services types. But dial back the clock a hundred years and it was a far grittier affair, the landscape dominated by bustling docks and factory chimneys. This penthouse that has just come on the [...]
Opinion: ‘Boris bounce’ made you want to sell your home? Do these three things first January 24, 2020 I view on average 500 properties per year, and have purchased homes for more than 300 clients. During the past 13 years I have seen some sellers get it right, and others pitch their homes horribly wrong. Sellers are feeling re-energised post-election, and with greater certainty around Brexit, we’ve seen a flurry of properties come [...]
Sweden’s disastrous experiment with rent controls should be a cautionary tale for London January 24, 2020 How to make excellent meatballs, win Eurovision with style, and start a domestic argument over flatpack furniture — Sweden has taught the world so much. But setting aside our love of ABBA and Ikea, there’s another lesson to take from the experiences of our Scandinavian cousins. Sadiq Khan will spend the first half of 2020 [...]
Quintain secures £150m to build more Wembley homes January 23, 2020 Property developer Quintain is planning to build almost 400 new homes in Wembley after completing a £150m financing deal with Goldman Sachs. The funding will allow Quintain to construct 398 rental homes across three new buildings in Wembley Park, next to the Boxpark site. The development – due to be completed by May 2022 – [...]