All Cost of living crisis articles
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NewsLondon office values correct faster than Europe, offering ‘rare’ entry point for investors
London office values are correcting faster than almost every counterpart market in Europe, new data analysed by BNP Paribas Real Estate has found.
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OnlineReal Estate Investors hit by worse economy since global financial crisis
Net tangible assets (NTA) at Midlands-based Real Estate Investors nudged down during the six months to the end of June as investment levels hit their lowest point since 2008.
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InsightWas housing really trussed by Liz?
Blink and you’d have missed them, but a year on from Liz Truss and Kwasi Kwarteng’s widely derided clanger of a ‘mini Budget’, housebuilders and estate agents are still reporting the aftermath. Imagine if the former prime minister and chancellor had unleashed a ‘maxi Budget’?
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InsightLandlords rely on good contractors
Editor: The Housing Ombudsman’s annual review reported tenant complaints rose 104% in 2021-22, with 66% of these focusing on repairs. It seems that dissatisfaction with landlords and management companies is at an all-time high, something that has been exacerbated by concerns about the cost-of-living crisis and rising interest rates.
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NewsUS rate hike emphasises UK is far from ‘out of the woods’
Experts from both sides of the pond say predicting where interest rates will peak and if they’ll fall again is key.
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NewsNationwide reveals biggest annual house-price fall since 2009
UK house prices decreased 8.8% in July, representing the largest fall on record since 2009, according to Nationwide’s index.
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OnlineBusinesses must predict household vulnerability during cost-of-living crisis
In the latest episode of PropCast, Andrew Teacher sits down with data science firm Outra’s Peter Jackson and the Vulnerability Registration Service’s (VRS) Helen Lord to discuss a new partnership from the two organisations which suggests that nearly 2.5 million British households are at high risk of vulnerability.
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InsightJefferies’ Mike Prew on the stubborn market
As the holidays approach, every parent’s car journey nightmare is kids at the end of their tether with choruses of “Are we there yet?” REIT share prices are being defined by stubborn inflation but the UK, it seems, is also nowhere near arriving at the 2% target.
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InsightBlend’s David Alcock on why Sunak cannot afford to put housing on the backburner
At a time when Britain is suffering from a severe housing crisis, especially in the most prosperous places in the Greater South East, this government has taken an increasingly anti-housebuilding and anti-business policy environment stance that is threatening to leave thousands of much-needed new homes on the drawing board and ...
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OnlineHouse prices fall at fastest rate in 12 years, Halifax finds
House prices fell at the fastest annual rate seen in 12 years in June, according to the latest Halifax index.
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NewsHalifax reports first annual UK house price drop in over a decade
Halifax has reported the first annual decline for UK house prices in over a decade, with the price of an average home down 1% compared with a year ago.
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NewsProperty’s contribution to UK economy shows healthy recovery
The property industry’s contribution to the UK economy showed a healthy recovery from the impact of the Covid-19 pandemic in 2022, with higher levels of jobs, outputs and turnover, tax revenue to the exchequer and capital investment, a report from the British Property Federation (BPF) shows.
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NewsPrime central London housing shines amid economic gloom
While the wider market outlook is uncertain, overseas buyers are driving a boom in high-end London housing.
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NewsSelf-storage market turnover set to exceed £1bn in 2023
Revenue in the self-storage industry is set to exceed £1bn for the first time in 2023 despite the cost-of-living crisis, according to Cushman & Wakefield and Self Storage Association UK.
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NewsHouse prices continue to ‘defy the odds’ following March uptick
Halifax’s price index showed the average house price rose 0.8% in March, following a 1.2% rise in February, suggesting that prices ‘continue to defy the odds’, according to Quilter mortgage expert Karen Noye.
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NewsAsset price plunge sees £200bn wiped off CRE values
A total of £210bn has been wiped off the value of Britain’s commercial real estate (CRE) in the past nine months after valuations fell “faster” than the 2008 financial crash, according to the Centre for Economics and Business Research (Cebr).
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NewsQ&A: Nido’s Gardner on PBSA’s prospects in cost-of-living crisis
The firm’s chief executive on how it is helping students make ends meet and where the sector is heading.
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InsightInterview with chief exec of AEW: ‘UK market is best value in Europe’
Rob Wilkinson, the chief executive of AEW in Europe, tells Property Week about the impact of the banking sector crisis on real estate and the state of play in the UK and European property markets,
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NewsOnline shopping not to blame for high street retail woes, says report
A rise in online spending over the past three years has not been significantly at the expense of bricks-and-mortar retail, according to independent research unit Centre for Cities.
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MarketsA sector with room for growth
Hotel chains are expanding across Europe despite tough economic conditions.
