Rightmove’s share price (LON:RMV) has fallen deep into the red this Thursday as UBS turned bearish on the company. Proactive Investors quoted the analysts as commenting that the property website might struggle to accelerate average revenue per agent (ARPA) growth given the weakness in the UK housing market. As…
British Land (LON:BLND) has exchanged on the sale of 12 superstores from its joint venture with Sainsbury’s (LON:SBRY), the property group has said. The London-listed company explained that the move was part of its strategy to trim its retail exposure. The news has failed to lift the British…
Other sectors that are isolated from the effects of Brexit include the retirement home investment sector, as the success of these investments is underpinned by Britain’s demographic changes rather than political.
In 2017, the Euro and the Dollar grew against most major currencies, while the pound fell. As a result, certain property markets have become less attractive to international buyers, while others are ripe for entry.
The UK residential real estate market was subdued in November, but the national averaged assessment, masks some regional differences, the latest survey from the Royal Institution of Chartered Surveyors, (RICS) showed Thursday.
UK residential real estate prices slid by 2.6% in December from November, the steepest monthly drop for the final month of the year, since 2012, according to the latest house price index from online estate agency, Rightmove. That monthly decline equates to a fall of around £8,000.
Rightmove also reported a 1.2% year-on-year rise in residential real estate prices in December, across the UK as a whole.
The latest barometer of UK residential real estate prices suggests end of the year lethargy is creeping into the market. UK high street lender Halifax’s monthly index shows the annual rate of property price inflation eased in November.
Global real estate investment management firm, Knight Frank’s latest global house price index, shows the pace of house price growth slowed to 5.1% in the third quarter of 2017. That’s down from gains of 6.3% in the second quarter and around 5.6% in the third quarter of 2016
Work in the UK’s residential real estate industry was the main driver of a recovery in the latest construction purchasing managers index, (PMI). Commercial construction was the weakest sub-sector, yet again.
UK residential real estate prices held fairly steady in November from October, a report from high street lender Nationwide showed Thursday. A lack of property for sale continues to underpin prices as demand remains robust.
The UK's residential real estate market will likely benefit from Chancellor Hammond's stamp duty announcement for first time buyers. But, some critics say the move will only work to push house prices higher and that the real problem is a lack of existing property.
The Realisto ICO makes it possible for Main Street investors to gain exposure to international real estate projects. Real estate is conducive to the blockchain given the contract-heavy nature of the deals.