GCP portfolio swells as demand for London universities persists September 6, 2018 Property developer GCP Student Living revealed a 23 per cent rise in its portfolio value over the last 12 months amid growing international demand for London’s top universities. Full-year rental income for GCP jumped from 28.9m to £35.8m, while property portfolio values rose to £784.4m in the year leading up to the end of June [...]
Time for MPs to act on three-year tenancies September 6, 2018 The terms of the debate on longer-term tenancies are well set. On the one hand, tenants deserve to feel at home in their rented accommodation. On the other, there needs to be a stock of rented housing, and if landlords are too penalised, they will leave the market. The debate is now reaching a crunch [...]
Teach ex-cons the skills that our ever-changing city needs and bring down Britain’s re-offending rate September 6, 2018 Across all the city’s businesses, we are surrounded by talented people. But the roles we need these people to take on, and the skills we need them to have, are changing faster than ever. In the property industry, we’ve seen a huge shift in the skills required to build for our capital’s future – construction [...]
Facebook partners up with online giants in move into UK property market September 5, 2018 Facebook is to list properties from two of the UK’s largest online estate agent on its website, in a sign that the social media giant is dipping its toes into the UK property market. In a partnership with Facebook Marketplace, Zoopla and OnTheMarket (OTM) both announced yesterday that their UK agents’ home rental property listings [...]
Housebuilder Berkeley warns UK housing market ‘lacks urgency’ September 5, 2018 Housebuilder Berkeley Group has warned of Brexit “headwinds” harming the UK housing market’s prospects for growth, with London and the south east particularly affected. However, it expects to post strong financial performance for the four months to the end of August, the construction firm said in a trading update it will share at its annual [...]
Now is not the time to reform Help to Buy – it’s the time to scrap it entirely September 5, 2018 Housebuilders weighed on the FTSE yesterday following reports that the government is unlikely to extend the Help to Buy programme – in its current format – beyond 2021. Help to Buy has been doping up the housing market for more than half a decade since former chancellor George Osborne revealed his plan to stimulate demand. Prices [...]
Real estate giant swoops in for prime London student property September 4, 2018 One of Europe’s largest real estate investors agreed to buy a prime central London student block for nearly £70m today, in a move that reflects the growing level of property investment being poured into the capital’s student accommodation sector. Aberdeen Standard Investments, which manages more than £43bn of real estate assets, has splashed out £68.8m [...]
Lehman Brothers 10 years on September 4, 2018 It’s hard to believe that it’s almost ten years since financial markets globally underwent a cardiac arrest that brought the world economy to its knees. Financial markets had already been on a slow downward slope in the lead up to events in September 2008, over concerns about the stability of the global financial system that [...]
FTSE 250 housebuilder Redrow boosts profits but calls for Brexit clarity September 4, 2018 Housebuilder Redrow called for clarity over Brexit and the government’s Help to Buy scheme today to improve the health of the UK housing market, as it reported its full-year results. The figures Despite the deflating nature of the UK housing market, the FTSE 250 firm managed to buck the trend, posting a 16 per cent [...]
Corbyn won’t stop until the government controls everything September 4, 2018 Back in November 2013, the general secretary of the Unite union, Len McCluskey, outlined what he believed was so refreshing about then Labour leader Ed Miliband’s platform. “What is particularly important is the underlying rationale for what Ed has proposed,” McCluskey boomed. “There are some things too important to be left to the market.” “Too [...]