Commercial landlords are being urged to move away from a system of quarterly rent payments by the British Retail Consortium (BRC) to help struggling retailers survive.
Sarah Cordey, spokeswoman for the BRC, said 2011 proved to be a particularly tough year for the high street, as the VAT increase and high inflation hit sales. Read more…
Landlords can no longer take a national view of the rental market, but must take a local view of the investment prospects of buy to let property.
Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, said he believes “the days of taking a national average are gone”, as regional variations become more pronounced. Read more…
Central London office space hit its peak in the fourth quarter of 2011, with more ‘realistic pricing’ expected in 2012.
The UK Investment Transactions (UKIT) Q4 2011 report from Lambert Smith Hampton (LSH) said yields from central London office property hit 5.62 per cent during the final three months of 2011, up from 4.9 per cent in the third quarter. Read more…
Student accommodation is proving an attractive investment to landlords, in particular in areas with high numbers of international students.
According to Peter Mindenhall, researcher at IPINGlobal.com, despite the introduction of higher tuition fees, investment in the sector has remained strong. Read more…
Winter has traditionally been a tricky time to sell a property due to the seasonal slowdown, but the current housing market climate has turned this on its head.
According to the National Association of Estate Agents (NAEA), the winter sees less competition for both sellers and buyers, meaning people are more focused in their search and are more likely committed to pushing their sale through. Read more…
Spain has been revealed as the best destination for overseas property in an annual list from A Place In The Sun magazine.
Results from a poll undertaken at the A Place in the Sun Live exhibitions at Earls Court London and the NEC Birmingham show people are continuing to stick with old favourites, with seven of the top ten located in the eurozone. Read more…
The Olympic Games is to provide a boost to rents in the capital in 2012, according to self-service lettings agency, UPAD.
James Davis, chief executive of UPAD, predicted a “renter swell” in the coming months as first time buyers struggle to get on the property ladder. Read more…
