Demand for farmland in Great Britain has further decreased, having now been declining for the last 18 months, according to the latest RICS/RAU Rural Land Market Survey.
A 30% hike in homes moving supplier in 2016 supports Ofgem decision not to impose price caps but watchdog says market is still not competitive enough.
The proportion of landlords considering commercial loans to fund purchases has doubled over the last 18 months as they try to avoid forthcoming changes to landlord taxation.
Research from the National Landlords Association shows that the share of landlords planning to use commercial loans has risen from 10 per cent in July 2015 – when the changes to taxation were first announced – to 19 per cent at the end of last year.
After three or four years of study, many students will look with resignation at bank statements showing them thousands of pounds in debt. Raising enough for a deposit on a first property becomes a a distant thought as they tackle paying off their loans. Unless, that is, they are homeowners already.
Lenders are now looking at students as not just customers for university loans, but also for early mortgages – effectively turning them into landlords.
West Yorkshire’s industrial property market has shown resilience in the latter half of 2016 and into this year despite fears that the sector would be badly hit following the uncertainty caused by the Brexit vote.
Knight Frank’s latest Logic Report reveals that the industrial occupier market
continued to perform well in the second half of 2016 and into 2017.
Housebuilder Persimmon has seen revenues increase by 8%, surpassing the £3bn mark as it commits to returning a further £77m to shareholders.
In an eventful year to December 2016, in which the York company beat Brexit blues, it returned revenues of £3.14bn, up from £2.9bn the year before.
Profit before tax increased by 23% to £774.8m (2015: £629.5m)
According to the latest data from the National Association of Estate Agents, the number of properties available to buy in January was the lowest since July last year.
However, despite the low level of supply, the number of prospective buyers increased, with 425 registered per member branch in January - a 10% rise from December 2016 when estate agents registered 386 on average.
Rightmove could charge agents an average £2,500 per month per office at some point in the long-term future.
City analysts were briefed after Friday’s results were posted by the portal.
At the briefing, incoming chief executive Peter Brooks-Johnson “sketched out the sustainability of growth to £2,500 longer term”, analyst William Packer reported. The sum of £2,500 is what Rightmove said agents had been spending per month on newspaper advertising in the past.
Spire Group has bought a 26,323 sq ft trade park in Blackpool from Columbia Threadneedle for £2.56m, reflecting a net initial yield of 7%.
Blackpool Trade Park is a modern multi-let trade park with prominent main road frontage. The property is fully let to major trade park covenants including Halfords, Topps Tiles, Euro Car Parts and Screwfix.
Land Securities has sold The Printworks in Manchester to DTZ Investors for £108m.
Redeveloped and reopened in 2000, The Printworks is a leisure destination in Manchester city centre , covering 368,770 sq ft over four floors.
The site is anchored by the 20 screen Odeon cinema, which houses the only IMAX screen in Manchester.
A tenanted 14,500sq ft Victorian office building in city centre Manchester, a Lancashire hotel with planning consent for new homes and a Cumbrian care home are among over 150 lots up for sale in Pugh’s next Manchester property auction, which is expected to generate in excess of £15m.
The Manchester auction, which takes place in the Barton Lounge at AJ Bell Stadium on at noon on Tuesday, February 21, includes a number of notable lots, including 12 Minshull Street, a Manchester city centre, Grade II-listed, four-storey office building that is being sold on behalf of the Ministry of Justice.
Six buildings at Brindleyplace have been bought by part of HSBC's Private Bank in a deal understood to be for more than £260m.
HSBC Alternative Investments (HAIL) has taken ownership of 500,000 sq ft of mixed use space at the Birmingham city centre development.
Hines and Moorfield paid £190m to the Brindleyplace Partnership in 2010, with Lone Star acquiring Moorfield's share as part of a bigger deal in 2014.
Developers have been given the green light for a major £175m development in Sheffield city centre.
The West Bar Square mixed-use development has been given outline planning approval today, as part of a major regeneration project which promises to deliver 5,000 jobs.
The site will include offices, a four star hotel, a PRS residential development, restaurants and retail units.
House prices in Yorkshire are set to increase by 13.6% in the next five years with growth in the region outpacing the rest of the UK in 2017.
In Leeds, house prices are forecast to increase by 21.6% from 2017-2021.
According to JLL’s Northern England report, the housing market in Leeds and the other major Northern Powerhouse cities will be buoyed by high demand and low supply - resulting in growth in both rents and capital values, despite UK-wide uncertainty.
The iconic Royal Liver Building in Liverpool has been sold for £48m with its new owner pledging to splash out nearly £6m on an upgrade.
The building first opened in 1911 has been acquired from owner the Royal London Mutual Society by Luxembourg-based Corestate Capital from an initial guide price of £40m.
Property development and investment company Eshton has sold its 10-acre site in Wakefield to civil engineering, utility and construction company Peter Duffy, a move which keeps 250 jobs in the area.
Leeds-based Eshton acquired the brownfield site in July 2016 and undertook a major demolition and enabling package to bring the site back into use.
The developer also secured a new planning consent which vastly improved the flexibility and deliverability of the site.
Real estate investor Oxenwood has acquired the principal UK passport-printing and distribution warehouse in Greater Manchester for £8.2m.
The company has bought Transpennine 200 in Heywood from Curzon Advisers as it continues its current investment focus in the UK logistics sector.
Oxenwood Real Estate has bought the property on behalf of Oxenwood Cataline, a joint venture with Catalina Holdings. The net yield is 7.38%.
Manchester city centre office block 201 Deansgate has been sold to Essex County Council for £29m.
Redefine International, the listed property owner, bought the building as part of the AUK Portfolio almost a year ago.
The sale price of the 83,688 sq ft property represents a net yield of 3.6% and a 14.3% premium on the last reported book value.
Picton, the income focused property investment company, has disposed of a warehouse in Oldham for £2.2m to an undisclosed buyer.
The warehouse on Drury Lane was bought in April, 2010 for £0.4m with an annual rent of £74,000 as part of the acquisition of Rugby REIT.
UK Commercial Property Trust (UKCPT) has bought a pre-let 258,370 sq ft distribution warehouse development in Burton upon Trent for £22.2m.
The deal will be funded by the sale in January of 13 Great Marlborough Street for £30.5m.
The warehouse is on 14.8 acres of land at Centrum West in Burton upon Trent where the vendor, Goodman, is developing a large scale distribution scheme that has been pre-let to Palletforce, which has taken a 15 year lease.
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