The future of commercial property post-Covid March 25, 2021 | Sponsored Will Fulton, Lead Manager, UK Commercial Property REIT The pandemic has brought real challenges for commercial tenants and landlords Strong asset allocation, prudent negotiation with tenants and strategic portfolio shifts have helped mitigate the impact of the crisis From here, the portfolio is geared into a number of long-term structural changes This has been a [...]
UK house price growth slowed in January as buyers paused due to new lockdown March 24, 2021 UK house price growth slowed in January compared to the previous month as buyers paused due to the introduction of new lockdown measures and uncertainty over the length of the stamp duty holiday, according to the latest official data. Average house prices increased by 7.5 per cent over the year to January, down from eight [...]
UK housebuilder Bellway ups selling price expectations and reinstates dividend March 24, 2021 Bellway this morning reinstated its dividend and upped its selling price expectations for this year as the UK housebuilder reported strong demand for new homes. The FTSE 250 developer said the full-year average selling price is now forecast to be more than £295,000, up from a previous estimate of £293,054. It announced it will reinstate [...]
London house prices: First-time buyers now need average deposit of £132,685 March 24, 2021 The average deposit size being put down by people taking their first step on the property ladder in London has increased by more than £20,000 since last year, according to new research published today. Halifax found that, in the 12 months to February 2020, the average deposit put down by first-time buyers in the capital [...]
Almost two in three adults fear mortgage holiday will hit credit score as deadline nears March 23, 2021 Nearly two in three adults fear a mortgage holiday could impact their credit score, according to the latest research published as the deadline for a payment break approaches. A survey of UK homeowners found that 73 per cent are worried that a mortgage holiday will impact their credit rating, with 10 per cent believing it [...]
Exclusive: Galliard secures £76m loan to fund luxury flats above Tottenham Court Road Crossrail station March 23, 2021 The developers of a luxury residential block above Tottenham Court Road’s Crossrail station have secured £76m in financing from lenders to complete the project. Leumi UK, the London-based subsidiary of the Israeli bank, and Natwest have closed a multi-million-pound deal with Galliard Homes to fund the development of 92 flats in the West End, City [...]
UK housing transactions soar in ‘sprint finish’ before stamp duty holiday extension March 23, 2021 UK housing transactions soared last month in a “sprint finish” to get deals completed before the initial stamp duty holiday deadline. Residential transactions in the UK were 45.5 per cent higher than February last year and 23 per cent up on January’s levels at 147,050, according to the latest HM Revenue and Customs data. The [...]
Crest Nicholson hikes profit expectations as UK housing market remains ‘resilient’ March 23, 2021 Crest Nicholson has hiked its profit expectations for the year, saying the UK housing market has remained “resilient” to the impact of Covid-19. The UK housebuilder said profit before tax for the year ended 31 October 2021 is expected to be around £85m, up from previous expectations of £74.3m. Crest Nicholson’s share price jumped 4.1 [...]
City workers prepare to head back to offices in just eight days time March 21, 2021 Workers are getting ready to head back to Canada in just over a weeks’ time as the government’s “stay at home” order is relaxed. Investment banks are leading the return to work, with staff set to return to the Square Mile for the first time in months. Goldman Sachs, JP Morgan and [...]
Demand for suburban offices soars as businesses move towards ‘hybrid’ working March 19, 2021 Demand for offices in suburban areas has soared since the coronavirus crisis hit the UK, as businesses seek to move out of city centres to cater to new ways of working that have emerged during the pandemic. Research published today showed that there has been a 32 per cent rise in demand for suburban office [...]