Hotel investment volumes soared during the first quarter compared with the same period last year, Savills has reported.
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Speculative development in the West End dropped 10% in the first quarter. There was 1.8m sq ft of speculative development under way in the first three months of the year, down from 2m sq ft in Q1 2012.
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Turnover in the Irish commercial investment property sector reached £287m (€336m) in the first quarter of 2013.
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The biggest retail insolvencies have lost landlords and other creditors a fortune, the latest data from Company Watch shows.
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International buyers accounted for 71% of the £2.75bn of commercial property sales in the first quarter, says Cushman & Wakefield.
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Overseas buyers accounted for 71% of central London investment volumes in the first quarter, despite a shortage of stock constraining activity, according to Cushman & Wakefield. Around £2.8bn of central London stock was traded in the first three months of the year, down by 31% on the previous quarter due to the dearth of buildings in the market, the agent said
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CBRE says about 30 institutions, including British pension funds, plan to develop or buy blocks of homes to let.
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The number of hotels in distress has leapt almost fourfold in the past year, Begbies Traynor’s Red Flag Alert identifies.
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The British Property Federation has set up a student accommodation committee to act as a voice for the burgeoning sector.
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Construction suffered its third consecutive month of declining output last month, the Markit/CIPS construction purchasing managers’ index shows.
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Insolvencies hit construction, retail and manufacturing hardest in the first quarter, PwC data shows.
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Investors in the commercial office market are increasingly being drawn to the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the emergence of regional offices as a focus for investors seeking higher returns.
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Turnover in the West End office investment market has tumbled to £972.6m, as stock continues to dry up.
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As the number of buildings taller than London’s Shard is set to double in the next five years, engineers say the height limit will be reached.
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Investment in shopping centres reached £1.43bn in the first quarter of this year, which is an increase of 194% on last year, according to Savills.
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Average house prices rose slightly in the 12 months to March, which is the first increase in a year.
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British hotel sales have totalled £1.62bn since 2010, Jones Lang LaSalle has reported.
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An internet shopping boom will boost warehousing and “dark store” demand over the next five years, a report says.
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Sales of £2m-plus homes have “fallen off a cliff” because of higher stamp duty, estate agents have reported.
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Investors are again prepared to bet on the nation’s obsession with buying and selling homes, recent events indicate.
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