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”
Economic Review – April 2022
IMF cuts growth forecast The International Monetary Fund (IMF) has warned that economic damage from the Ukraine conflict will contribute to a significant slowdown in the global economy with the UK set to be amongst the hardest hit. In its latest assessment of world economic prospects, the IMF said the war in Ukraine is driving … Continue reading “Economic Review – April 2022”
Residential Property Review – April 2022
Supply shortages fail to blunt sales Low availability is once again the key trend in the UK housing market, even as stock levels edge upwards and sales remain strong. In March, estate agents reported a 3.5% monthly rise in the level of stock on their books, according to Zoopla. Moreover, the number of homes coming … Continue reading “Residential Property Review – April 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”
Economic Review – March 2022
Bank Rate raised again Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge significantly ahead of the Bank’s target level. Following a meeting held in mid-March, the BoE’s nine-member Monetary Policy Committee (MPC) voted by an 8-1 majority to raise Bank Rate from … Continue reading “Economic Review – March 2022”
Residential Property Review – March 2022
Sales up as demand stays strong 2022 has picked up where 2021 left off, with near-record demand leading to the busiest January and February since 2016, according to Zoopla. Sales agreed in February were 31% above the 2017-19 average for the month, according to TwentyCi, matching levels last seen at the start of 2021. Meanwhile, … Continue reading “Residential Property Review – March 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”
