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EDITOR’S COMMENT: In tough times, perspective is valuable. So it was a pleasure to catch up with Simon Silver this week as he announced his retirement from Derwent – a company of which he was a director back when I was playing with action figures.
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UK investment volumes remained subdued in July with £2bn transacted during the month, according to Savills.
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University operators are hoping for a much-needed bounce in leasing deals over the next few weeks as a fresh wave of students prepare to start courses on the back of today’s A-level results.
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Footfall in London’s West End has ticked up in the last week on the back of the government announcement encouraging people back into the office.
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The average age of first-time buyers has barely moved in more than a decade.
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Homes could soon become literal powerhouses.
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Jobs have been lost in the UK during lockdown at the fastest pace since the financial crisis a decade ago.
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Editor: It is not unprecedented for planning reforms to be part of the government’s economic stimulus package, but these have tended to focus on housing. Meanwhile, logistics, which last year contributed £124bn (gross value added) to the economy, and directly supported almost one million jobs, often gets sidelined.
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Banks, local authorities and the government must do more to incentivise people over 65 to move into more suitable homes, according to retirement living operator Guild Living.
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Retailers are enjoying a second month of growing sales as customers slowly return to the high streets.
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The chancellor’s cut to stamp duty has prompted bidding wars and a major increase in first time buyers.
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Nearly 80% of apartment tenants in the US have made full or partial payments this month, but many are paying by credit card.
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China is set to pass legislation that will allow it to sweep away home owners to make way for new developments.
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The industrial sector has posted capital value growth after four months of decline but offices continue to stagnate, according to the latest CBRE monthly index.
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One in three UK companies is preparing to cut jobs by the end of September.
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Property trade bodies have rallied to urge the government to stump up £1.75bn to pay 50% of unpaid rents across the hardest hit sectors to avoid a “rent crisis”.
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The economy will officially enter recession this week.
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Office lettings in London dropped off 57% in the second quarter of this year compared to the previous quarter, according to research by DeVono Cresa.
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The construction industry has recorded its strongest monthly rise in activity in nearly five years.
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If the global outbreak of Covid-19 has taught us anything, it’s that people need communities.
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