Savills opened its 29th annual Financing Property presentation in the City of London, addressing lenders on the theme of ‘Challenges in a Low Return Environment’. The international real estate advisor highlighted that with the spread between the all in cost of money and UK all property equivalent yield, UK property is currently hugely attractive and …
Tag Archives: property news UK
UK housing market losing momentum, further slowing in annual house price growth in May : Nationwide
According to the latest Nationwide House Price Index results, UK house prices showed third consecutive monthly decline for the first time since 2009. House prices fell 0.2 percent month-on-month in May, compared with a 0.4 percent drop in April. “Annual house price growth dips to 2.1%, providing further evidence that housing market is losing momentum.” Commenting …
UK home sellers and buyers undeterred by snap general election : eMoov research
According to the eMoov‘s latest consumer research, which is the first snapshot of public sentiment since Theresa May stood outside Downing Street to express her wish for a snap general election, both buyer and seller will continue with their property transaction regardless of the general election or its outcome. eMoov canvassed the opinion of 1,000 home buyers …
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Get Living announces first site outside of London with Get Living Glasgow to build 600 rental homes
Get Living, the UK’s leading large scale residential investor and owner-operator of the former London 2012 Athletes’ Village, has concluded the purchase of a 7.5-acre site in the heart of Glasgow’s fashionable Merchant City district. The Merchant City site has outline planning consent and Get Living hopes to bring a new residential neighbourhood comprising more …
Unite Students sells 13 student properties to Brookfield for £295 million
Unite Students, the UK’s leading manager and developer of student accommodation, announces the exchange of contracts for the disposal of 13 properties, comprising 4,175 beds to a Brookfield-managed fund for £295 million; Unite share £102 million. Completion is due in Q2 2017. The disposal is part of Unite’s strategy to provide the capital to fund …
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UK’s One Housing to build 1.450 homes following £85 million financing deal with M&G Investments
One Housing, a leading developer and provider of homes, care and support in London and the South East, has borrowed £85 million in a long term financing deal with M&G Investments (“M&G”), an international investment manager. The 35-year loan will enable the housing association to increase liquidity and develop 1,050 homes for social and affordable …
Moody’s: Irish mortgage performance and home prices buoy several sectors, amid arrears concerns
The benefits of rising house prices in Ireland and lower mortgage arrears will continue to spread to Irish banks and bonds backed by home loans (namely, residential mortgage-backed securities (RMBS) and covered bonds), says Moody’s Investors Service. “We expect mortgage arrears to slowly decline and house prices to rise by up to 5% over the …
UK housing sales activity falls in December
The number of house sales in the UK declined in December, and predictions for expected new sales over the next three months were also pared back, according to the RICS December 2016 UK Residential Market Survey. While it remains to be seen if this is a temporary setback, 1% more chartered surveyors saw a fall …
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CML : House purchase lending up 5% in November in the UK
According to the Council of Mortgage Lenders, home-owners borrowed £11bn for house purchase, up 5% month-on-month and 2% year-on-year in the UK.They took out 60,800 loans, up 5% on October and up 0.2% on November 2015. First-time buyers borrowed £4.7bn, up 4% on October and 9% on November last year. This equated to 30,100 loans, …
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London rents end the year on all time high, says Your Move
Average rents increased by 3.9 percent in 12 months across England and Wales and the average rental property was let for £830 a month in November according to the Your Move-Buy to Let Index. On a regional basis, rents increased in nine of the ten regions surveyed during the past 12 months with only the …
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