There will be a 30 per cent fall in property development activity in 2017 December 6, 2016 Commercial property development in the UK will slow substantially next year, Savills has warned, as lenders and borrowers seek to avoid taking any risks. The property firm said there will be a 30-40 per cent drop in development activity in 2017, with London being hit particularly hard. Read more: Risk of more pain for UK [...]
This is how far house prices in Chelsea have fallen this year December 6, 2016 House prices in Chelsea just keep falling. As George Osborne's stamp duty reforms and the Brexit vote continue to hammer the market, prices on high-end homes in Chelsea fell 13 per cent in the year to November. Read more: House prices are already shooting up along the Elizabeth line The figures from Knight Frank show that [...]
UK commercial property remains at risk of further losses says Bank of England December 6, 2016 The UK’s commercial real estate sector remains at risk of further losses according to the Bank of England (BoE), as the vote to leave the European Union continues to leave its mark. The BoE’s Financial Policy Committee (FPC) said “there was the risk of further adjustment in the sector” which could create knock-on risks for [...]
Marcus Brookes: How we’ve prepared for the return of inflation December 6, 2016 Inflation was already on the rise. Now I expect the policies likely to follow in Donald Trump’s presidency will pile on further price pressure. The deflating effect of QE We have been changing our portfolios over the last year to reflect our view that inflation may be returning to the financial system. Yes, quantitative [...]
Low rates, record high stocks: is the bubble about to burst? December 6, 2016 The world is, seemingly, in a bull market in everything. Just take a few headlines from this month alone: US stocks, already at all-time highs, hit a sixth consecutive closing high, which is the first time that has happened for 20 years. In debt markets, Ireland issued a bond with a negative yield, which [...]
Marcus Brookes: How we’ve prepared for the return of inflation December 6, 2016 Inflation was already on the rise. Now I expect the policies likely to follow in Donald Trump’s presidency will pile on further price pressure. The deflating effect of QE We have been changing our portfolios over the last year to reflect our view that inflation may be returning to the financial system. Yes, quantitative easing, [...]
Hefty bill from counterfeiting and piracy costs EU £71bn and 790,000 jobs each year December 5, 2016 Counterfeit goods and piracy cost the EU economy a whopping £71bn every year, according to research from the European Union’s intellectual property office. More than 7.4 per cent of sales, totalling £40bn, across nine sectors are lost in the 28-country bloc due to fake products including handbags, toys, pharmaceuticals and alcohol, as well as music [...]
Property of the Week: Former seminary and Call the Midwife location now an impressive property for sale December 5, 2016 Space is in short supply in London, which is why this chapel, the centrepiece of a former college in north London, is such hot property. Spanning over 8,000sqft – over twice the size of a generous Georgian townhouse – this Grade II Listed building has surveyed the surrounding area of Mill Hill Village from the [...]
Invesco Real Estate and Aareal Bank AG agree a lending facility of up to €1bn December 5, 2016 Invesco Real Estate and Aareal Bank AG have agreed a loan facility of up to €1bn over a 10 year period, one of the biggest loans sealed in the real estate sector this year. The loan will be used to grow Invesco Real Estate's European portfolio, which already comprises €3bn worth of investments, and it can be [...]
This is why Purplebricks’ share price is up 20 per cent December 5, 2016 Purplebricks' share price has shot up 19 per cent this morning after the company announced a total revenue growth of 159 per cent. The figures The estate agents reported a UK gross profit of £10.2m for the six months ending 31 October, up from £4.1m during the same period last year. UK revenues grew from [...]