Blackstone: New York asset manager splurges on luxury London West End space April 11, 2024 New York-based asset manager Blackstone has paid £230m for a 31,000 sq ft retail space on the affluent New Bond Street strip in the West-End.
‘Scarcity of high-quality space’ drives activity for West End London landlord GPE April 11, 2024 One of central London’s biggest listed landlords said a “scarcity of high quality space” helped drive leasing activity in the year to the end of March.
Government contracts stack up Mears Group revenue and profits April 11, 2024 Dividend per share at the group rose 24 per cent to 13p.
Falling mortgage rates drive sentiment in property market to a two-year high April 11, 2024 Recovery in the UK housing market is speeding up, according to the Royal Institute of Chartered Surveyors.
FTSE 100 today: London markets to open red as odds of Fed rate cut dwindle after hot US inflation April 11, 2024 Asian markets mirrored Wall Street's slide amid global interest rate concerns. The yen dipped below ¥153 against the dollar, reflecting market unease, while Chinese inflation edged up in March. Investors scaled back expectations for Federal Reserve rate cuts. The focus is on the European Central Bank's policy decision and US producer price data.
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue April 10, 2024 The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Unite Group takes valuation hit from Spring Budget measures April 9, 2024 Unite Group took a hit to its valuations at the start of the year due to measures announced in the Spring Budget.
Bank of friends and family: First-time buyers more reliant on help to get on housing ladder April 8, 2024 Between April 2022 and March 2023, 36 per cent of recent first-time buyers - resident for less than three years - used gifts from family and friends to help buy a home, according to the Office for National Statistics (ONS).
Rental crisis to get worse as earnings ‘won’t keep up’ with London flats April 8, 2024 Rents are likely to continue growing over the coming years, turning a rental crisis into a perma-state in London
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? April 7, 2024 The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?