Commercial property returns forecast to halve this year as slowing GDP growth and Brexit uncertainty bites April 7, 2016 Commercial property returns are forecast to halve this year, according to industry experts, as slowing GDP growth and Brexit uncertainty among other factors takes its toll on the market. Cluttons’ latest report on the outlook for the commercial property market predicts total returns will reach 6.5 per cent in 2016, which is less than half [...]
Another sign that stamp duty deadline sent buy-to-let investors into a buying frenzy April 7, 2016 More proof George Osborne's stamp duty wizard wheeze served to push up prices in the run-up to the deadline, after new figures showed UK house prices rose by the most in at least a year in March. Halifax's house price index, published this morning, showed prices rose 10.1 per cent in the year to March, [...]
Six reasons why London’s property market won’t collapse this year April 7, 2016 A recent report by UBS argued that London’s property market in London is exposed to the world's highest bubble risk and many would agree. But the reality is there are several good reasons why prices won't fall anytime soon. Here are just six. 1. Population growth London’s population grows faster than the UK national average and the supply of [...]
City Moves for 7 April 2016 | Who’s switching jobs April 7, 2016 White & Case Lindsey Canning has joined global law firm White & Case LLP as a partner in its global intellectual property practice, in London. She will work closely with the global mergers & acquisitions practice, advising clients on intellectual property and technology matters. Lindsey, who joins from Freshfields, has extensive experience advising clients on [...]
Industry 4.0: How disruptive technology can rescue British manufacturing April 7, 2016 Industry 4.0 is revolutionising the way international manufacturers and construction companies approach business, but the UK has a long way to go if its industry is to keep pace with its European rivals. This new world is based on digitisation, which blurs the line between the virtual and the physical. Connected products and “smart” machines [...]
Empiric Student Property strikes deal with University of Bath April 6, 2016 Empiric Student Property has reached an agreement with the University of Bath to provide its students with housing at three different sites. The listed student digs provider said 354 beds across five properties – including two still under construction – will be let to students at the university from September this year. The buildings comprise of [...]
Proptech: Accelerator Pi Labs moves out of Tech City to partner with housing start-up The Collective April 6, 2016 So much for the benefits of being based in Tech City. Pi Labs, property-focused tech accelerator aimed at helping start-ups become the next big thing, has decided to ditch east London altogether after announcing a deal with property firm The Collective that will take it to Bloomsbury instead. Pi Labs, set up two years ago by Cushman & Wakefield [...]
London house prices: Why Foxtons’ chief executive Nic Budden’s salary is jumping 19 per cent April 6, 2016 It's clearly paying to be in the London property market right now. Foxtons' chief executive Nic Budden's basic salary is to jump 19 per cent for the current financial year, up to £550,000 from £461,000 last year. It's an interesting move for the London-focused estate agent, coming as demand for homes in the capital falls, although there has [...]
Demand for homes in London is falling as prices keep rocketing – except in these two boroughs April 6, 2016 It looks like rocketing house prices are having a demotivating effect on London home buyers, after new figures suggested demand for homes has fallen across many of the capital's most exclusive boroughs. The figures, by online estate agent Emoov, found demand for homes in Southwark fell 50 per cent between the final quarter of last year [...]
UK house prices: Prime central London rents are polarising between east and west, says Knight Frank April 6, 2016 London's prime rental market is becoming more polarised. Prices in the east are accelerating faster than those in the west as financial services tenants move closer to the City in search of cheaper rents, new research shows. Annual rental value growth in prime central London fell by one per cent in March – the lowest rate since May 2014, according to [...]