Commercial Real Estate news

In an announcement on Monday, Intu Properties (LON: INTU) said that it might not be able to meet its debt commitments next month. The company cited falling rental payments and expressed plans of negotiating with creditors over standstill agreements to cushion the economic blow from COVID-19. Earlier in May,…

Latvian State real estate has now been permitted to expand the range of tenants supported under a recent government program meant to cushion tenants against the hard-economic times following the ongoing lockdown measures. Thanks to an amendment to the requirements to qualifications for beneficiaries of the program, Latvian…

The outbreak of the deadly Coronavirus has dealt a major blow to the global economy. Some of the most effective measures put in place to curb the virus spread include social distancing, which is awful news to mall owners with real estate investment trusts (REITs) in their portfolios. Businesses are…

Last month there were occasional jumps in the UK property prices but according to a recent report by Nationwide, the market recovery signs are set to come to a halt amid the Covid-19 pandemic. While house prices rose by 3.7% last month representing a three-year high, the impact of the…

A report has emerged showing more than half of the department stores in US malls could close permanently by the end of 2021. According to the report by Green Street Advisors, the whole of the US is currently serviced by about 1,000 open malls, and 60% of the occupants…

Research by property consultancy firm Knight Frank shows that about 520,000 house sales are set to be lost this year in the UK, following a government directive that froze the housing market after the Coronavirus outbreak.According to the real estate firm, the 38% drop in house sales during the…

Whichever way you choose to look at it, real estate activities materially impact the climate. A study by Global Alliance for Building and Construction shows that building and construction activities account for about 40% of energy-related carbon dioxide emissions, and are also responsible for more than a third of…

2019 went down as the worst year for the UK real estate in a decade. The markets were mainly affected by the pending premiership elections and the Brexit. While the uncertainty hasn’t fully cleared, some parts of Europe are already experiencing modest to massive gains in their real estate…

A real estate investment trust yesterday reported that despite the economic and political instability in the region, UK rental rates have risen over the past year. Real Estate Investors PLC said that contracted rents increased to £17.7 million or by 3.9% in 2019.The trust, which boasts of a portfolio…

The UK house prices were negatively impacted by the Brexit uncertainty for the better part of last year, but tables started turning as we approached 2020. On average, the UK housing market closed off the year with a 1.4% gain; this is according to a report by Nationwide…

In recent times, different real estate predictions from various experts on cities such as Boston and Washington show a thriving sector occasioned by tight inventory and low-interest rates. While property price increments have stalled in these cities, their demand and prices continue to stabilise.But when it comes to the overall…

The UK property market is expecting a short-term improvement in sentiment following last week’s massive win by the Conservancy party, enabling Prime Minister Boris Johnson to retain his seat in a tightly-contested election. However, fund managers are still concerned about the fate of the property market beyond next year.CEO…

Boris Johnson’s landslide win on Thursday triggered the pound to hit a 12-month high, within the first 20 minutes of the Prime Minister’s victory.Financial markets are responding to the pro-business Conservative Party victory and the coming to an of the dramatisation of Brexit. Analysts and savvy investors predicted a surged…

If you’ve been in the property industry for long enough, chances are you’ve interacted with several real estate agents. Agents provide prospective clients with useful information to enable them to make a buy or rent decision. But the agents are sometimes reluctant to provide certain information, but it is not…

The UK real estate could be headed for a major bounce back in the next five years, after months of plummeting prices. The crisis, which has now lasted across the country for several quarters, could not-so-long from now come to an end, this is according to a Wednesday report…

Metro Vancouver real estate is not about to stay down despite the laid down plans to slow down the local housing market. Evidence shows that the housing sector is ramping, in fact, much faster than anticipated.“Since the bottoming out earlier this year, we have seen significant momentum building for the…

The United Kingdom’s opposition party, the Labour Party, has promised to broaden the tax base imposed on foreign trusts and companies looking to invest in the UK. This is part of the party’s long-term tax strategy, and it looks to impose a tax purchase charge on all properties bought by…

Property listings in the UK this year have seen the biggest fall ever since 2009, with analysts blaming it on the upcoming election and Brexit, according to a survey published on Monday.According to property website, Rightmove, in the last four weeks to Nov. 9 alone, property listings dropped by…

San Francisco-based HelloOffice has just secured $6.5 million in a new round of funding and is absconding to Los Angeles to set up its first regional office. The fairly new real estate brokerage company disclosed to its potential customers that they will set up a new location in Southern…

Investors who are interested in purchasing property in Victoria have a lot of options at their disposal.

Activity in London's office real-estate construction market fell in the past six months, a survey show. Brexit is named as the main culprit behind the decline in new city real estate starts.

Real-Estate investors may need to search beyond the typical safe-haven cities to get the return they crave on their investment. Research from Knight Frank shows $1 million isn't enough to purchase an entire office floor in Hong Kong anymore.