News - Archive for January 2013
Trending Property News - Week 5
This weeks property news highlights in brief: Boris Johnson gets a party invite, economists question house price stats, a journalist complains and Vanilla Ice tells us about investing in US real estate...
London's Pre-Completion Residential Units Selling Well
Nearly half of all residential units under construction in London have been snapped up before completion, according to new data...
US House Prices Continue to Grow in S&P (Official) Index
The latest release from the S&P Case-Shiller house price index, (which is as close to being an official house price index as it gets in America) shows US house prices up by between 4.5% and 5.5% in the 12 months...
Prime Central London Property Prices Keep Rising
Prime central London property prices have been on the rise for the last four years, according to new research. In its Spring 2013 London Residential Review...
Commercial Property Boost ''Through Easier Office Redevelopment''
The coalition government is looking to relax planning restrictions that govern the conversion of offices into buildings which will eventually have a residential purpose, according to Henry Lancaster, a senior investment analyst at Coutts...
Middle East Hotel Sector On the Up
The latest information from STR Global shows positive performances in the Middle East/Africa hotel sector across most regions when reported in US Dollars...
Manufacturing Recovery ''Good News'' for Commercial Property
The recent recovery of the UK manufacturing industry is good news for the commercial property sector, according to property consultants D&P Holt. The Confederation of British Industry recently revealed that while orders were flat in the three months to January...
Foreign Office Investors Drive London Back to Pre-Crisis Levels
It is no secret that London is a bright spot in a bleak UK property market, or that the residential sector in the capital returned to pre-crisis levels long ago, but now the office sector has followed it...
Leeds Office Market Gaining Ground
The Leeds office market picked up momentum in 2012, achieving its greatest level of occupier demand since the beginning of the recession. Figures from the Leeds Office Agents' Forum revealed that last year take-up totalled 405,951 square feet...
Housing Vital to Northern Economic Recovery
A new report has shown how vital housing is to the North's economic recovery according to shadow housing minister Jack Dromey...
US Investors to Increase Activity in Hotel Market
Property investment is set to intensify in the US hotel market, with buyers becoming more aggressive in 2013. According to Jones Lang LaSalle's Hotel Investment Outlook, 2012 was a positive year for the sector...
Retail Investment Strong in Europe
Property investment deals have been lively in the European retail sector, according to a new report. Jones Lang LaSalle claim that retail unit sales were strong in the final quarter 2012 across the continent...
Western Corridor Office Take-up Solid in 2012
Property investment deals could likely rise in the Western Corridor of London on the back of a solid 2012 performance. Figures from Jones Lang LaSalle showed the area witnessed a rise in office take-up, peaking at two million square feet...
US House Building Momentum Continues
For a while now the US housing market has seemed unstoppable in its path of recovery, but still the doubters have their doubts and with good reason, there are a lot of factors to make the future uncertain...
Eurozone Collapse: Were Predictions Misguided or Premature?
The eurozone is undoubtedly in crisis but its predicted collapse has yet to materialise. In fact, there have been small signs of recovery - a shock to those such as Nobel-Prize winner Paul Krugman who expected the implosion of the monetary union to occur before 2013...
Credit Crunch Killed the Emerging Market Star
During the boom it didn't take much for a property market to be given the title of "hot emerging market". In fact for a time it looked like all it took was a few beach resorts with celebrity endorsed golf courses, although a Trump tower thrown in certainly helped...
Farmland to Defy Trend for Minimal Growth
With many UK growth markets - including central London - experiencing a slowdown this year, it seems farmland is the safe bet for property investment in 2013. According to research from Savills...
Student Property Investment Doubled in 2012 - Tripled Since 2009
According to the latest figures from CBRE some £2.7 billion was invested in student property last year, an astonishing 125% increase compared to 2011...
London Hotel Sector Set for a Positive 2013
Solid growth is expected in the London hotel sector this year according to a new report from STR Global and Tourism Economics. The report predicts strong growth in both supply and demand in the coming year...
Russian Real Estate Investment Up Says JLLS
According to the latest data from Jones Lang La Salle, Russia has come back to life in terms of investor demand, sentiment and, most importantly investment...
Down and Dirty with the Recovery: The World in 2013
It is now going on 7 years since America started to crumble, 6 years since the UK caught the disease, and between that and 5 years since most the rest of the world followed suit, and still we aren't back out the other side in any real way...
Well Located Configured Retail Units in Demand
Configured retail units in good locations continue to be in demand, according to Jones Lang LaSalle. Despite structural changes currently taking place in the sector and a constant stream of businesses going into administration...
Is Asian Property Growth Too Good To Be True?
You should never put all of your eggs into one basket, or so the old saying goes. The Asian property market is no exception to this rule and while there is undoubtedly growth, several factors call for trepidation, if not outright concern...
Singapore Tightens Property Measures
Property investment in Singapore has just got more complicated, with the government announcing another round of tight real estate regulations. While the most sensationalist changes will affect the residential sector...
US House Prices Seen to have Grown Strongly in 2012
CoreLogic believes US house prices grew by 7.9% year over year in December despite the usual winter seasonal winter slowdown according to the firm. Taking distressed sales out of the equation the firm is predicting a 8.4% rise...
Shop Chains Increase in 2012
Retail space is still an attractive asset for those considering property investment, with figures from the CBRE showing that the total number of businesses with multiple branches in Great Britain increased in 2012...
Parliament Debates Legal Status of Letting Agents
The legal status of lettings agents is to be debated in Parliament, after Baroness Hayter of Kentish Town put forward a motion to have letting agents classified under the law as estate agents...
JLLS Predicts Strong Year for Hotel Investment
Real estate big hitter Jones Lang LaSalle has predicted that global hotel investment will total $32 billion this year. The firm believes that more transparency will make it easier for cross-border investors in the sector...
Last Quarter Surge Boosts Global Real Estate Investment Volume
Global real estate investment volumes are back on the up, with preliminary data from Jones Lang La Salle suggesting total transaction volumes for 2012 somewhere in the region of $436 billion, up from $435 billion...
UK Property Market Makes Losers of Many, but Not Landlords
The UK property market is heading to hell in a rental-boom-fuelled hand-basket. But having said that, while it is in an abysmal state, it isn't much worse now than it has been since 2008...