Man Group completes deal to buy Aalto Invest January 3, 2017 Investment management giant Man Group has completed its buyout of property investment firm Aalto Invest, a "key step" in plans to diversify its business. Man Group's share price was up 1.78 per cent after it made the announcement. The firm first unveiled plans to take on Aalto in October 2016, and said it will also launch a new business, [...]
The UK property market will be boosted by global uncertainty in 2017, according to Colliers January 3, 2017 The UK's property market will be boosted by global uncertainty through 2017, according to forecasts from Colliers International. With Prime Minister Theresa May set to trigger Article 50 before April, the real estate advisor warned that Brexit fears could affect the UK market. But it added that investors would see through that uncertainty, with property [...]
The average rent in London has reached a record high December 30, 2016 The government may have spent the last few years doing everything in its power to reduce the number of people buying second homes – but that hasn't hurt the capital's rental prices, after new research suggested rents in London reached a record high in November. The Your Move rental index showed average rents in the capital [...]
UK house price growth has edged up from its November low December 29, 2016 December may traditionally be a bad time to try to sell your house – but UK house prices bucked the trend this month, with growth edging up from their low in November. Nationwide's house price index showed prices rose 4.5 per cent in the year to December, up from 4.4 per cent in November, its [...]
Bad Christmas: Housebuilder share prices are falling December 28, 2016 Shares in the UK's largest housebuilders fell today, after a profit warning from one, as well as disappointing mortgage figures. Bovis was the biggest faller on the FTSE 250, with shares falling 4.8 per cent to 815.5p in lunchtime trading after it warned on profits, saying it expected to complete on fewer homes than anticipated [...]
Bovis shares are down after it admitted housebuilding slowed at the end of this year December 28, 2016 Shares in Bovis fell this morning, after it admitted it completed on fewer homes than expected at the end of this year. Shares were down 4.9 per cent at 814.5p in early trading, after the housebuilder said it expected volume delivery for 2016 to be lower than previously expected, at between 3,950 and 4,000 homes, with 180 completions [...]
Rate of home ownership in the UK may be much lower than official data suggests, claims think tank December 27, 2016 The level of home ownership in the UK may be lower than conventional rates suggest, with many more now renting, according to new research. Many people now share ownership of a property or live as lodgers, suggest the Resolution Foundation think tank, meaning an official estimate of a 64 per cent home ownership rate may be [...]
“Generational home ownership gap” exposed: Proportion of 25-year-olds on housing ladder halves in 20 years December 22, 2016 Home ownership among 25-year-olds has fallen by more than half in the last two decades, new research shows. Twenty years ago, some 46 per cent of all 25-year-olds owned their home, according to the Local Government Association (LGA). Today, this proportion has fallen to 20 per cent. Read more: Sadiq Khan launches inquiry into foreign [...]
Crown Estate pushes ahead with £100m West End project after Brexit vote pause December 21, 2016 The Crown Estate has recovered from post-Brexit vote jitters to push ahead with a £100m West End development. The property company, which is owned by the sovereign, put the redevelopment of the Grade II listed building on hold after the EU referendum. Read more: Venture capital firm signs up to Crown Estate scheme But Crown [...]
House prices to stop tumbling in central London next year, according to chartered surveyors December 21, 2016 UK house prices are set to rise by three per cent next year and central London prices will stop falling as they have done throughout this year, according to chartered surveyors. The Royal Institution of Chartered Surveyors (Rics) has predicted that house prices will continue to rise on the back of a shortage of housing [...]