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Demand for London’s skyscrapers could slump after the pandemic as big business moves away from big offices.
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Almost £3bn of commercial real estate assets have been pulled from the UK market since the start of the year.
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Britain should invest in small ��shovel-ready” infrastructure projects to boost the economy.
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The ban on the mass-marketing of minibonds will be permanent.
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Research from the British Retail Consortium reveals a high street vacancy rate of 12.3% in March 2020. With several major retailers falling into administration during lockdown, the figures for June are likely to be much higher.
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COMMENT Estate agents and removal firms have returned to work under the government’s plans to reinvigorate the housing market. This offers a glimmer of hope, but how will the market look when the Covid crisis abates and the economy reboots?
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While Covid-19 at its core is a public health crisis, there is no doubt that the resulting global pandemic and economic fallout has left the real estate industry with much to ponder.
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Companies are likely to stick with their traditional city centre offices once the coronavirus pandemic passes, according to the team at real estate investment house Mayfair Capital – even if staff spend less time in them.
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Private rents have reached record highs during the lockdown.
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Britain’s economy will shrink by 8% this year, but it should rebound faster than expected.
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The housing market is emerging strongly form lockdown as asking prices rise 2% higher than March.
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Morgan Stanley is still holding out for a v-shaped recovery.
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The government should look at creating pension superfunds to invest in major infrastructure projects.
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COMMENT In history, 2020 will be remembered as the year that brought in a decade of transition in a matter of weeks. This year we’ve been questioning everything from the state of our health and our economies to our societies and social structures. The questions about proptech’s future were already trending in 2019 after WeWork’s dismal performance. Is proptech still a good investment?
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Footfall across the UK’s retail locations plunged by 81.6% in May owing to the Covid-19 lockdown – a shallower decline than the previous month.
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Office space requirements in the UK could drop by up to 50% post-lockdown as occupiers begin to ramp up their permanent flexible working offerings, a report by Instant Offices shows.
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London’s office market looks set to have had a dismal second quarter of take-up, but agents hope that a number of active big-ticket requirements will kick-start the market again heading into the second half and beyond.
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Britain’s biggest retirement living housebuilder McCarthy & Stone has had the unenviable task of trying to protect thousands of residents living in the company’s 441 retirement communities across the UK from Covid-19.
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Bank lending to small medium enterprises (SMEs) in construction dropped 26% year on year for the month of April, according to accountancy group UHY Hacker Youn
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A new bill set to pass through the House of Lords tomorrow will further weaken the position of commercial landlords during the coronavirus crisis, claims accountancy group Moore.
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