Ground Rents – An Increasingly Popular Investment

  The Estates Gazette recently published an article by John Churchouse which considered the value of ground rents as investments. We have summarised some of the main points below. What are Ground Rents? A ground rent is the ownership of an interest under which a leaseholder pays a regular amount of rent. The rent arises […]

Considering an SDLT Avoidance Scheme?

The Estates Gazette recently published an article by solicitor Tom Hubbard of Hill Dickinson on some issues associated with Stamp Duty Land Tax (SDLT) avoidance schemes. We have outlined some of the main points from the article below.  What is SDLT? SDLT was introduced from December 1st 2003, designed to replace stamp duty for most […]

Investment Banks Look to Capitalise on UK Lending Market

  Many of the world’s leading investment banks are examining re-entering the UK property lending market, to take advantage of the best and growing number of deals. Whilst Deutsche Bank has already begun to finance new deals, other big names such as Morgan Stanley and Societe Generale are looking at beginning lending again.  Societe Generale […]

Residential Rents Expected to Rise

  According to the RICS quarterly lettings survey, the balance of surveyors reporting rising rather than falling rents rose from zero to 30% in April. This compares with -56% last year.  Also, a net balance of 36% of surveyors expect further rises because of the lack of rental homes available. Agents reported a rise in gross […]

Increasing Prime Commercial Property Prices Are Unsustainable

Two of the property industry’s leading figures have expressed concern over rapidly rising commercial property prices. London and Stamford’s Raymond Mould and Patrick Vaughn have warned that increasing prices are unsustainable.  Mould said that “in each of my statements over the past 12 months, I have advised caution in the face of a difficult outlook […]

Colliers Report Huge Losses, but Remain Optimistic

Colliers CRE quadrupled its pre-tax losses to £40 million in the year to December 2009. This was attributed partly to a 26% fall in revenue last year to £57.9 million and also because of a £24.1 million write down in goodwill on its UK business. Colliers chairman Sir John Ritblat said “with our significantly reduced […]

Speed of Property Recovery is Unsustainable says MD of Carlyle Group

Since the end of last summer both commercial and residential property prices have been rising. A combination of factors including; a fall in asset prices, low interest rates and a weakening of the pound have made UK real estate attractive, particularly in comparison to most other European countries. However, Robert Hodges, European MD at Carlyle […]

Property Company Raising £470 Million for Acquisitions as Chief Executive Predicts Bottom of the Market is Close

Lend Lease, the Australian developer is raising £470 million to help fund its development pipeline and purchase new assets. The group recently announced a A$204.9m pre-tax profit for the six months ending December 31st. Group chief executive and managing director Steve McCann said “we believe that now is the right time to deploy capital, as […]

House Prices Fall in February for the First Time in Ten Months

After a snow filled January that bought much of the country and with it the economy to a standstill, house prices fell 1% in February after nine consecutive months of price rises. The British Bankers’ Association reported that the number of mortgages approved for house purchases fell to an eight-month low last month. But, how […]

House Prices Continued To Shine in January But The Inflation Cloud Is Gathering

House prices Continued To Shine in January But The Inflation Cloud Is Gathering                          House prices rose by 1.2% in January and are up 8.6% year-on-year                         Recent economic data has been a mixed bag for the housing market                         Inflation uncertainties highlight interest rate risk Headlines January 2010 Monthly change 1.2% Annual change 8.6% […]