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Pandemic reshaping Australian first home buyer goals

Covid-19 is reshaping Australian home-ownership goals, with the number of first home buyers looking to enter the property market in the next five years doubling from 7% before the pandemic to 16% now.

Fiera, Danescroft purchase site for residential development

Fiera Real Estate (FRE UK) and Danescroft have acquired the freehold interest in a 16 acre site in Willingdon, East Sussex in excess of GBP4 million.

Prologis sells UK logistcs portfolio to Blackstone for £473m

Logistics assets have proved more resilient during the Covid pandemic as the boom in online shopping has boosted the demand for logistics space

London stores turn retail space into offices

Brands such as John Lewis and Debenhams received permission to convert spaces into offices

UK landlords spend £3,000 annually on rental properties

New research has found that landlords spend more than £3,000 each year looking after their rental properties.

Allianz Real Estate expands UK presence

The real estate arm of German insurer Allianz Group has set up an office in London to help expand its presence and partnerships in the city and across Europe.

Bovis Homes no longer in discussions over £1bn deal for Galliford Try housing business

Housebuilding giant Bovis Homes has confirmed it is no longer in discussions to acquire rival Galliford Try’s housing business, after a deal worth £1.05 billion was rejected last week.

Northern Ireland house prices continue to outperform other UK regions

House prices in Northern Ireland continued to outperform other UK regions last month, but activity in the market is reported to be falling back, according to a new survey today.

Demand for student accommodation in the UK remains positive

A new report from Knight Frank has found that demand for purpose-built student accommodation (PBSA) across the UK is forecasted to continue growing, due to a high increase in the number of applications for the next academic year.

First-Time Buyers using Help to Buy are paying 12% property premium

First-time buyers (FTBs), using Help to Buy, paid an average of 12% more for their property when compared with independent buyers.