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UK’s 10 fastest-moving property hotspots named by new research

Newport in South Wales has been identified as Britain's fastest-moving property market, with the average length of time it takes to find a buyer in the city having been slashed by nearly a third over the past year. Rightmove said last year's announcement that tolls on the Severn Crossings will be scrapped at the end of [...]

By |2018-03-15T17:14:37+00:00March 12th, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

UK commercial property capital and rental valuation sees growth in 2018

The UK saw modest rises in commercial property valuation growth, with total returns up by 0.6% in February while capital value growth and rental value growth were up by 0.2% apiece. The London office space saw total returns in line with countrywide totals, while industrials pushed up the average with a 1.2% climb, and retail [...]

Brexit is the property sector’s chance to spur real investment

The plans the Prime Minister announced on Monday to reduce bureaucracy and increase the supply of housing are welcome. Equally welcome is her preparedness to consider the situation of each industry sector when determining the UK’s post-Brexit regulatory framework. As we leave the EU, now more than ever the UK needs policies which attract investment [...]

By |2018-03-06T17:44:46+00:00March 6th, 2018|Commercial, Industry News, Uncategorized|0 Comments

UK housing market weakness continues into 2018, finds RICS survey

The UK housing market’s weakness continued into 2018, according to the latest survey of chartered surveyors. The Royal Institution of Chartered Surveyors (Rics) reported that the net balance for new buyer enquiries in January was –11%, the 10th month in a row that the reading has been negative. There was also a weakness on the supply side of the [...]

UK still centre for investment as commercial property makes 66% gains

Commercial property investment in the UK saw a 66% increase in January compared to the same month in 2017, proving that investor interest in the country and the sector remains strong. A total of £65.4bn was injected into the UK property market over the course of 2017, with the commercial space leading the way after [...]

By |2018-02-28T11:58:23+00:00February 26th, 2018|Commercial, Industry News, Uncategorized|0 Comments

London’s property market worth twice the combined value of the nine other largest UK cities

London's property market is now worth more than £1.5tn, an increase of 1.54pc in the past 12 months, according to fresh figures released on Thursday. Despite subdued house price growth in the capital over the past year, the market is more than twice as valuable as the combined worth of property assets in the next [...]

By |2018-02-23T10:09:07+00:00February 23rd, 2018|Concepts, Industry News, Uncategorized|0 Comments

500,000+ Londoners now ‘property millionaires’

Nearly half a million Londoners are now property millionaires’ as the number of homes worth £1 million shot up across the country, according to new research. It’s estimated that a staggering 430,720 of 775,000 properties in Britain are valued at least £1 million because of their “desired location and postcode“, according to website Zoopla. The postcode with [...]

By |2018-02-23T12:19:30+00:00February 19th, 2018|Commercial, Industry News, Residential, Uncategorized|0 Comments

UK will strike a bespoke deal on financial services with the EU

Hopes have been raised that the UK will strike a bespoke deal on financial services with the EU, keeping the vital cross-Channel trade open after Brexit. Philip Hammond, the Chancellor, is poised to launch the plan as the centrepiece of a key speech as soon as next week, proposing a system of mutual recognition in [...]

By |2018-02-19T10:24:45+00:00February 16th, 2018|Commercial, Industry News, Uncategorized|0 Comments

First-time buyers ‘at 11-year high’

More first-time buyers took out mortgages in 2017 than in any year since the financial crisis. There were 365,000 first-time buyers in the UK, the highest number since 2006 and an increase of 7.4% compared with 2016, UK Finance said. Yet this growth is expected to cool in 2018, the lenders' trade body said. The [...]

By |2018-02-15T13:31:23+00:00February 15th, 2018|Commercial, Concepts, Industry News, Residential, Uncategorized|0 Comments

UK exports in financial services jumps to £95.7bn

Britain's exports in financial and professional services had a record-breaking year in 2017, according to figures released today by TheCityUK. Exports in the sector jumped 15.8% from £82.6bn to £95.7bn, breaking away from four years of relatively sluggish growth, when exports edged up by 0.9% each year on average. The UK remains the world's top [...]

By |2018-02-13T12:13:48+00:00February 9th, 2018|Commercial, Industry News, Uncategorized|0 Comments