The National Association of Home Builders’ index of homebuilder sentiment rose from 14 to 16. However, the figure remains well below the mark of 50 that indicates “good” conditions.
UK Commercial Property REIT has bought the 290,000 sq ft M8 Industrial Estate near Glasgow from Grayling Capital for £24.6m, representing a topped-up net initial yield of 5.9%.
Property investor concerns about rising interests rates suppressing asset prices may be “overblown”, according to new CBRE research that suggests rates will only rise by 2.5% over the next decade—just 0.5% in real terms.
Property adviser Vail Williams will open a new regional office in Surrey in November—its sixth in the UK.
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