Figures from HM Revenue & Customs showed that house sales fell by 40% last year, with 930,000 homes changing hands, down from 1.6 million in 2007. This reduced the Government’s income from stamp duty to £9.4bn, from £14.6bn in 2007.
Croydon Council has sold the Croydon Park Hotel to a joint venture between build-to-rent (BTR) developer Amro Partners and family office Flemyn.
The average price of a property coming to the market this month has increased by 0.3% (+£852) to £341,019, according to Rightmove’s House Price Index.
Inland Homes has won it battle the London Borough of Hillingdon to develop 514 homes in the West London council area.
JLL has added senior director Rory Paton to its central London office agency team.
M&G has bought a warehouse in Peterborough let to Amazon from Fiera Real Estate UK for £120m, reflecting a net initial yield of 3.2%.
Investment company Abrdn’s AIPUT fund (Airport Industrial Property Unit Trust) has acquired Tesla’s Crawley base for £5m.
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