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Quarterly real estate transactions in Europe have plummeted to the lowest level in six years, as the Covid-19 pandemic put the brakes on investment.
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Green shoots have started to show in the housing market, from an uptick in mortgage enquiries, renewed interest in certain properties such as houses with gardens, and big statements of confidence from major housebuilders such as Taylor Wimpey.
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Rent-free incentive periods in the London office market spiked in Q2 2020 and rents showed just a small drop on Q1 of 1%, according to EG’s panel of agency experts.
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Total city centre office take-up in Liverpool fell by 61% to 20,000 sq ft in Q2 as coronavirus slammed the breaks on transactions.
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Rents are set to plunge across the office and retail sectors in the short-term, according to a closely-followed survey released today by the Royal Institution of Chartered Surveyors (RICS).
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Confidence in the UK’s office leasing market has wavered after signs of an uptick, according to Avison Young’s newly launched commercial real estate market activity index.
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A Hong Kong property tycoon wants to build a new city in Ireland to host 50,000 emigrants from the Chinese island.
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Retail sales have recovered at their highest rate in more than a year.
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Ministers are drawing up plans to extend the Help to Buy scheme beyond its December deadline.
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Britain’s hospitality sector has suffered a “catastrophic” collapse in sales of almost £30bn in Q2.
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The office market is going to become hospitality-focused in a post-pandemic world, chief executive and founder of Hubble Tushar Agarwal said at a panel event last week.
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Four out of five global investors are continuing to put money into or are planning new moves in London after the pandemic has subsided.
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A poll conducted by the City of London Corporation has revealed that 99% of global investors are still keen to invest in London, with 79% actively doing so.
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RICS has set up an independent evaluation service to help ease tensions between commercial landlords and tenants during Covid-19.
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COMMENT It’s not very often I say this, but the new permitted development rights for upwards extensions is a defining moment for the housebuilding industry. It is another step closer to making airspace development an asset class in its own right.
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High street casual dining chains have “no future” after coronavirus, according to former PizzaExpress boss Hugh Osmond.
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A cross-party group of MPs has called on the government to boost social rented housing by an extra 90,000 homes a year with a £10bn annual grant.
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An upcoming coronavirus-fuelled recession would wipe out £5.7bn from residential landlords’ rental earnings by 2024.
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Housing market transactions should be back to normal soon according to Knight Frank.
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As enquiries for satellite office locations make a comeback, could we all end up working in local offices?
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