For London’s office investment market, the new year usually brings a flurry of ‘for sale’ signs. But with the UK’s third coronavirus lockdown stretching long into 2021, potential buyers have been left twiddling their thumbs after only a handful of buildings were put on the block in the opening six weeks of the year.
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More than 10 million sq ft of rateable office space disappeared in England and Wales in the year before the coronavirus pandemic hit, according to new research.
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More than a thousand stores have closed since the start of the year, with hundreds of retail jobs being lost each day.
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The race for last-mile food delivery space in London and the UK is on with Deliveroo, Weezy, Ocado and Getir all seeking new sites.
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House prices across the UK climbed by 8.5% during 2020 to reach a record average of £252,000.
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Americans took out a record $1.2tn of mortgage loans in the final three months of 2020.
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New York has lengthened its lead over London as the world’s leading financial centre in the eyes of executives.
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Vast swathes of the real estate industry are in need of a “radical rethink”, experts have warned, after firms issued five times as many profit warnings in 2020 than the previous year.
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Close to half a million families have been fallen behind on rents or mortgage payments because of the coronavirus.
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Homes England and United Trust Bank (UTB) have launched a £250m “housing accelerator fund” for SMEs.
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Demand for detached houses boomed during the lockdowns, driving up prices three times faster than for flats.
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Ministers are drawing up plans to extend the moratorium on landlords’ ability to evict tenants over unpaid rent.
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Experts warn that the retail property sector faces a bleaker future than it did in 2008 at the height of the global financial crisis and that “hundreds” of distressed assets could come to market at bargain-basement prices.
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Robert Jenrick is facing growing opposition from high street businesses over plans to allow town centres to convert to housing without planning.
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The UK’s hot housing market cooled at the start of the year, according to a RICS survey.
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They might lack the prestige of an office skyscraper or the glamour of a luxury block of flats, but that has not stopped petrol stations hitting the headlines lately.
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More than half a million companies are at risk of collapsing by the spring unless the government extends Covid support schemes.
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Retail property rent collection has fallen compared to the previous quarter, while other markets have performed closer to pre-pandemic levels.
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Retail property rent collection has fallen compared to the previous quarter, while other markets have performed closer to pre-pandemic levels.
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New lending to hotels in the UK has stalled – and despite hopes of a rapid recovery once Covid-19 restrictions ease, there is likely to be more pain ahead for the market.
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