Commercial property transaction volumes during Q1 2019 totalled £12.1bn*. This is 40% lower than the same period in 2018 and has been driven by the UK’s delay from leaving the EU. There were two notable deals that completed during the quarter (the £1.2bn sale and leaseback of Goldman Sach’s HQ and the £1.6bn sale of Battersea Power Station) but those were announced during 2018.
In 2006, when I first started to evangelise about 'the future of estate agency being online', I was convinced that democratisation, commoditisation and cheaper fees facilitated by centralisation, technology and the consequential cost savings, would prevail.After trying rather hard for ten years to bring this about via Emoov, it turns out that I was wrong, at least in part.
A daily roundup of all the key property news and views.London continues to drag on UK house prices, according to data by the Office for National Statistics (ONS), with the capital enduring the lowest annual growth out of any region with prices falling 1.2% over the year to April 2019.
The duty to manage asbestos is contained in regulation 4 of the Control of Asbestos Regulations 2012.The dutyholder is the owner of the non-domestic premises or the person or organisation that has clear responsibility for the maintenance or repair of non-domestic premises, for example through an explicit agreement such as a tenancy agreement or contract.
A daily roundup of all the key property news and views.Canary Wharf Group is in talks to buy the majority of the Earls Court site from Capital & Counties. The group is eyeing Capco's 63% interest in the 70-acre west London regeneration project,, the value of which has fallen amid the downturn in prime residential property prices in the capital.
Octane Capital has provided a £4.3m bridging loan to fund a £1.2m capital raise across a 21-unit property portfolio.The borrower is an experienced landlord who required the funding for business purposes.The exit for the nine-month loan will be through the refinancing of the borrower’s property portfolio, which features commercial, residential and mixed-use units.
Dorset Council: Matt Annen director of Pure Town Planning has recently secured a certificate of lawful use to allow the change of use of an upper floor of a Listed building from A2 office use to C3 (residential flat) in the centre of Blandford Forum, Dorset.The building in question is a grade II* listed building, listed for its special architectural interest
The national average price of a newly marketed property has been pushed up by 0.3%, thanks to buoyant property markets in the north according to Rightmove’s latest measure of online asking prices. Despite Brexit uncertainty weighing down house price growth over the past year, the average price of a property coming on to the market was £309,348, close to June 2018's record high of £309,439.
Background Information: Eviction of current tenant followed by addition of vacant property security measures.The client had made the decision to evict their tenant currently operating a restaurant out of the property.
BCP Council: Matt Annen, director of Pure Town Planning is delighted to announce that he has recently secured a hard fought planning permission for the demolition of an existing property and the erection of a block of 6 apartments near Bournemouth University for local developers Bourn Homes.The character of the area comprises a mix of detached dwellings and flatted accommodation
Key workers including nurses, teachers and emergency services personnel can only afford to own a home in 8% of UK towns, a report claims. A Halifax analysis of housing affordability for five public sector professions across 515 towns, including 31 London boroughs, shows just one in 12 of these areas were affordable - down from one in four (24%) in 2014.
What’s the largest house in Britain? It’s pretty easy to guess – Buckingham Palace, probably the most famous residence in the world aside from the White House.Fewer people could name its closest contender, though, Witanhurst, tucked up in the corner of Highgate Hill. Comprising 90,000sqft – including a 70ft ballroom – it’s the largest private residence in the UK “with an estimated market value of £300m, and owned by a Russian,”
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