Residential Property Review June 2022

UK housing market – busy but slowing Following two frenetic years, UK housing market activity remains strong, despite some signs of a slowdown beginning to emerge. In April 2022, sales agreed were 18% higher than the month’s pre-pandemic average, according to TwentyCi. Completions too remained 13% above the 2017-19 rate. First-time buyers (FTBs) continue to … Continue reading “Residential Property Review June 2022”

Commercial Property Market Review June 2022

Quality is key for London office space After its pandemic-induced hibernation, London’s office market has kicked back into life, with demand from Central London occupiers in Q1 2022 more than 34% above the five-year quarterly average, according to Savills. As confidence returns to the office market, more Central London occupiers are increasing their total space … Continue reading “Commercial Property Market Review June 2022”

Residential Property Review – May 2022

Three key Queen’s Speech commitments Housing featured prominently in the Queen’s Speech on 10 May, with social housing, rental reform and leasehold reform all part of the government’s priorities in the coming twelve months. Of the 38 legislative announcements, there were three significant ones relating to housing: the Social Housing Regulation Bill, the Renters’ Reform … Continue reading “Residential Property Review – May 2022”

Commercial Property Market Review – May 2022

Return to the office According to a recent business update, London’s office-leasing market is kicking back into life after its pandemic-induced slumber, with modern and energy-efficient space most in demand. Companies are willing to pay higher rents for leases than they were a year earlier, according to Derwent London, a FTSE 250 office landlord. The … Continue reading “Commercial Property Market Review – May 2022”

Commercial Property Market Review – April 2022

Industrial space in high demand in Q1 Elevated occupier demand has driven strong UK industrials and logistics take-up in Q1 2022, according to the latest research. The take-up of 10.43 million sq. ft in the first quarter is double the total in the same period last year, CBRE noted. Q1 2022 saw take-up more than … Continue reading “Commercial Property Market Review – April 2022”

Commercial Property Market Review – March 2022

Prime space snapped up by legal firms More than one million sq. ft of Grade A office space was taken up by the legal sector in 2021, highlighting the importance of the ‘best’ space in the post-pandemic landscape. London’s resilient legal sector has enjoyed strong revenue and increased headcount over the last year, which has … Continue reading “Commercial Property Market Review – March 2022”

Commercial Property Market Review – February 2022

Upbeat mood for regional office activity The regional office investment market remains upbeat, according to the latest quarterly update from Avison Young, after office demand across the ‘Big Nine’ returned to ‘normal’ activity in H2 2021. A strong second half brought the year’s total take-up across the Big Nine cities to 8.1 million sq. ft, … Continue reading “Commercial Property Market Review – February 2022”

Commercial Property Market Review – January 2022

Upbeat tone in new year forecasts 2022 could be a year of recovery for the commercial property market, two leading forecasts have suggested, with Colliers’ ‘Forecasts for 2022’ predicting investment volumes will reach £65bn and CBRE’s ‘UK Real Estate Outlook’ also foreseeing strong growth despite lingering risks. According to CBRE, the office market is predicted … Continue reading “Commercial Property Market Review – January 2022”

Commercial Property Market Review – December 2021

Strong performance from retail parks Retail parks remain the shining light of the retail industry, with their yields across Europe now at parity with shopping centre yields, according to Savills’ data. So far in 2021, more than €5.1bn has been invested in retail parks across nine European countries. Investment was up 46% year-on-year in the … Continue reading “Commercial Property Market Review – December 2021”

Commercial Property Market Review – November 2021

Business rates boost for hospitality and leisure The Autumn Budget provided good news for badly hit shops, restaurants, bars and gyms, with a temporary 50% cut in business rates in England announced by the Chancellor. These sectors, which suffered particularly badly during the pandemic, will be able to claim a 50% discount on their bills … Continue reading “Commercial Property Market Review – November 2021”