Aberdeen property fund is open for business again July 13, 2016 Aberdeen has re-opened its property fund, after it suspended trading due to heavy outflows, draining the fund's cash reserves. The fund was one of six that closed after investors scrambled to get their cash back due to uncertainty about UK property after the Brexit vote. Read more: Property fund to sell Oxford Street property to meet [...]
Barratt shares fall despite assurances it’s confident in the face of Brexit July 13, 2016 That sad "wah, wah, waaah" trombone you heard this morning was coming from the general direction of housebuilder Barratt, which attempted to restore investor confidence with assurances over Brexit – only to have its shares drop anyway. In a statement this morning the company, whose shares have fallen almost 30 per cent since the result [...]
Bank of England was warned over property fund trading suspensions after Brexit July 12, 2016 The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
The government’s public land sell-off for new homes is not running to schedule, according to the National Audit Office July 12, 2016 The government's plan to release enough public land to build 160,000 homes is not running on schedule, a report from the National Audit Office (NAO) has claimed today. The government has only sold land with capacity for 8,580 homes – and it needs to release the land for 160,000 new homes by 2020. Read more: Can [...]
Halifax House Price Index: UK house prices up 8.5 per cent since last year July 12, 2016 UK house prices rose by 1.8 per cent during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter. And according to the Halifax House Price Index, prices were up 8.5 per cent compared to the same period one year ago, [...]
Rental prices increased in June – but the market has been cooling off during the start of this year July 12, 2016 Rents kept increasing in the three months to June, but there are signs that the growth in the rental market slowed in the first half of 2016 as compared to last year. The average London renter now pays £1,575 per month, up 3.9 per cent on last year. Excluding Londoners, UK renters pay an average £773 [...]
UK commercial property rents grew in June, despite uncertainty in build up to Brexit vote July 11, 2016 Commercial property rents were up 0.2 per cent in June, in line with the trend for the year to date and in spite of uncertainty surrounding the EU referendum – but capital value grow slowed in the month. According to the latest CBRE index, capital values grew by 0.1 per cent in June, down from growth [...]
London’s richest houses are occupied by slim women… and overweight men July 11, 2016 There is a division in London's wealthiest households, and it's one of waistbands. In the capital's luxury homes, you're most likely to find slimmer women and overweight, unhealthy men (confirming more than a few stereotypes in the process), according to property company Rokstone. In luxury homes priced above £25m in the capital, 90 per cent women [...]
New homes on sale in London this weekend: riverside apartments from the Royal Docks to Chelsea Island July 8, 2016 Horizons, Canary Wharf From £995,000 Six two bedroom penthouses are on sale atop a 26-storey tower on Yabsley Street, close to Canary Wharf. Designed by RMA architects, they all come with underground car parking and private terraces kitted out with an outdoor kitchen and dining area, “the latest must-have feature in luxury residential living” according [...]
Focus On Croydon: Concrete jungle of Zone Five is increasingly popular with young professionals July 8, 2016 It’s a concrete jungle out there. At least, it is if you live in the London borough of Croydon. Despite birthing Kate Moss, Sir Philip Green and Tracey Emin, it’s not an area that’s known for glamour, largely due to a preponderance of outdated 1960s office blocks. Though there have been many attempts to revive [...]