UK News

British commercial property dealers are confronting the enduring repercussions of the pandemic and the resultant economic slowdown gripping the country. With economic activity subdued and uncertainty prevailing, these dealers are gearing up for a challenging period ahead. The landscape of commercial real estate is being reshaped by these circumstances, prompting stakeholders to adopt strategic measures to weather the storm. Among the measures being taken, many major players in the industry are focusing on reducing their debts to fortify their financial positions. Recognizing the volatility of the current economic climate, they are taking proactive steps to minimize risks and enhance their

Recent trends in Britain’s property market suggest a departure from the anticipated V-shaped recovery predicted by experts. The looming end of the stamp duty holiday coupled with the ongoing COVID-19 pandemic has cast a shadow of uncertainty over investors’ sentiments. This cautious approach is evident in the latest data from The Royal Institution of Chartered Surveyors, which reports a seven-month low in new buyer inquiries. Despite this, house prices across the country continue to soar, with London being the notable exception, experiencing robust growth. The initial rebound observed in the market was largely attributed to the newfound demand for larger

It might seem that the writing on the wall spells doom for the UK real estate market after a tough 2020, but many experts are offering reasons to rejoice. If all those tiny storms are weathered, the next few months could be really promising for the entire sector.  David Alexander, the managing director of the property platform Apropos, says that the market has started reaping the benefits of the fact that tenants want to live in the countryside instead of urban dwellings. Consequently, the demand for properties in popular non-city limits is high, and so are the rents in such

In recent times, London has witnessed a significant trend with an increasing number of home-buyers opting to pay in cash, and their rationale is quite compelling. According to a survey conducted by the real estate giant, Benham and Reeves, it has been revealed that high-end buyers stand to gain substantially more if they choose to pay upfront rather than opting for a mortgage route. This shift in preference underscores the unique advantages and financial incentives associated with cash transactions in the city’s competitive real estate landscape. Reaffirming the age-old adage that ‘cash is king’, the survey indicates that Londoners can

The hospitality scene in London is undergoing a remarkable transformation after a challenging 2020. With the dawn of a new year, there’s a palpable sense of excitement as renowned hotel brands such as Marriot, Hilton, and Soho unveil their latest offerings, promising a luxurious experience for visitors to the city. In total, London boasts around 30 hotel projects currently in various stages of development, each contributing to the city’s vibrant hospitality landscape. One standout project is The Londoner, a boutique hotel featuring 350 rooms, brought to life by the esteemed Edwardian Hotels group. Another notable development is the Pan Pacific

UK’s property market has seen a mini-boom since it reopened in May. More and more people in London are becoming interested in purchasing detached houses instead of flats. According to the BBC, coronavirus contributed to the mini-boom in the UK’s housing market. David Fell, a senior analyst at Hamptons International, believes that people are buying houses because they need more space in case there are more lockdowns in the future. While some experts believe that an increase in unemployment levels will bring an end to this boom by next year, others foresee the market bouncing back due to vaccine availability. The Good On December 8,