London rental market: Why rents might finally stop climbing so fast in 2023 January 3, 2023 London’s rental market is showing signs of “stabilising” with prices beginning to slow despite demand remaining high – meaning rents may finally start to slow their aggressive recent climb in the capital. Estate agency Chestertons has warned that 2023 will still be disrupted by pandemic shifts in supply, but renters may have an easier time [...]
Bruised Home REIT suspends shares after accusations and delayed accounts January 3, 2023 Beleaguered property investor Home REIT announced it would suspend trading on the London Stock Exchange today after being rocked by a slew of accusations over the quality of its tenants and the sustainability of its business model. The housing firm, which buys up properties and leases them to charities for those without permanent addresses, has [...]
The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
House prices: First-time buyers fell last year – and crash may not be as drastic as predicted January 3, 2023 A predicted fall in house prices may do little to change the prospects for first-time buyers in London The number of first-time buyers is estimated to have fallen by around nine per cent in 2022, according to analysis by a building society. Across the UK, the number of people taking their first step onto the [...]
House price growth falls for fourth consecutive month, worst run since 2008 December 30, 2022 House prices have plummeted for the fourth consecutive month by 2.8 per cent in December, the worst run since the financial crisis of 2008. Nationwide’s latest House Price Index shows this month proved to be another sharp slow down in growth down from 4.4 per cent in November. House prices fell by 0.1 per cent [...]
The City in 2023: Real estate and infrastructure increasingly inflation-proof alternatives for investors December 29, 2022 Half of UK investors have either made alternative investments this year or are considering doing so in 2023 as they seek inflation-beating options. They primarily focus on investments in assets such infrastructure, real estate but also private equity and commodities. Two in five investors are more likely to consider alternative investments as a result of [...]
‘Bank of mum and dad’ to return in fight against mortgage and rent double whammy December 27, 2022 The “bank of mum and dad” may be called upon for more help in the new year, as aspiring first-time buyers deal with a double whammy of higher mortgage rates and surging rental costs while they try to save. But for those buyers who are able to make the jump onto the property ladder next [...]
End of the exodus? Number leaving London begins to fall December 26, 2022 Moves away from London appear to have passed a peak, with estimates suggesting around 20,000 fewer properties being bought outside the capital this year than in 2021. In a year which has seen strong house price growth outside London, just over a quarter (26%) of “London leavers” in 2022 bought properties with at least four bedrooms, down from 30% [...]
London flexible office occupancy rates recover to pre-pandemic levels December 22, 2022 Flexible office spaces in central London have seen their occupancy rates recover to pre-pandemic levels, new data shows. A majority (86 per cent) of the world’s top 30 flexible workspace providers have seen now seen occupancy rates in their central London offices surpass levels of 60 per cent, a survey by Knight Frank shows. A [...]
London calling: Capital regains prize as most searched-for property location December 21, 2022 The allure of the countryside during the pandemic has subsided as searches for homes in London have spiked to their highest levels since going into lockdown. Cornwall and Devon held the most searched-for locations for several months in 2021, now Brits are looking to head back to the capital, research from online property agent Rightmove [...]