Care home landlord Impact Healthcare REIT taps shareholders for £35m April 30, 2021 Care home landlord Impact Healthcare Real Estate Investment Trust (REIT) has raised £35m through a share placing to pay down debt and fund new investments. The firm said this morning that 31,690,327 ordinary shares will be issued at a price of 111.5p per share, with the proceeds used to repay its revolving credit facility. The [...]
UK house prices grow at fastest pace in more than 15 years in April April 30, 2021 UK house prices grew at the fastest pace in more than 15 years this month, according to the latest research. The average house price was up 2.1 per cent month-on-month, the biggest monthly rise since February 2014. Annual house price growth rebounded to 7.1 per cent in April compared to 5.7 per cent in March, [...]
London homes snapped up by Hong Kong buyers quadruples April 29, 2021 The number of London homes being bought by Hong Kong buyers has quadrupled since the UK’s visa scheme has allowed many to relocate. Hong Kong buyers now account for four per cent of transactions in the capital, up from one per cent, according to client data from property firm Benham and Reeves. Since the British National [...]
London only UK region to report drop in rent prices over last five years April 28, 2021 The capital is the only region in the UK where rents have fallen over the last five years as Londoners have left the city during the pandemic and fewer young professionals have moved for work. Asking rents in almost two thirds – 65 per cent – of London neighbourhoods are lower than they were five [...]
House prices: Which central London postcodes offer the most open space? April 27, 2021 The W1K postcode of Mayfair and St James’s is the greenest pocket of the prime central London market, according to new research that looked at which London postcodes present high-end homebuyers with the most open space. An estimated 36.5 per cent of the postcode area presents open outdoor spaces, by far the most of all [...]
Home buyer demand doubles property sales to £149bn this year April 27, 2021 A surge in home buyer demand has resulted in £149bn worth of properties being sold so far this year, double the value in the same period in 2020 and 2019. According to the latest research, one in every 50 homes was sold between 1 January and 15 April, up from one in every 100 homes [...]
Office landlord IWG says enquiries rebounded to pre-Covid levels in first quarter April 27, 2021 Office space provider IWG said enquiries bounced back to pre-Covid levels in the first quarter as it pushes ahead with its franchising strategy. IWG said the first three months of the year had provided a “clear inflection point, with occupancy stabilising in February and improving in March”. It said it expects the momentum to continue [...]
The office is not dead – far from it, say City insiders April 26, 2021 As the economy starts to reopen, the City is slowly coming back to life. A range of banks and Square Mile-based firms have started to formalise work from home policies and implemented flexible working arrangements. Businesses in every sector have been debating concepts of what the post-Covid office could look like with pessimists doubting its [...]
House prices: New build homebuyer demand explodes on England’s south coast and in Wales April 26, 2021 Homebuyer demand for new build homes has climbed 9 per cent in the last year, with coastal towns in the south of England and Wales leading the charge. Across Britain, 38.7 per cent of all new build homes are already sold subject to contract or under offer, a 9 per cent jump on the same [...]
Westfield unveils updated plans for £1.3bn White City residential scheme April 26, 2021 Westfield has revised its planning application for a £1.3bn residential scheme in White City, adding several hundred new homes to the proposals. The proposed scheme will include up to 1,760 new homes, up from the 1,093 granted planning permission in 2017, and will also involve the construction of a 1.4 acre public space and new [...]